"The commitments made by the current 81 participants could bring an estimated $200 billion or more to charity over time, potentially representing a dramatic increase in philanthropic giving," Camarena said.
Grant-making foundations in the U.S. currently hold about $646 billion in assets and give $46.9 billion in grants annually.
"In a world in which lists routinely rank people in terms of accumulated wealth, it has been refreshing to see a movement designed to encourage those who are on such lists to celebrate the next gift-not just the next deal-and to go on record committing to use their private wealth for public good," she said.
-Karen DeMasters