Arthur Blank signs Giving Pledge
The co-founder of Home Depot will give away most of his wealth to charity, joining an elite group of millionaires and billionaires.
Wed, Apr 25 2012 at 1:49 PM
Home Depot co-founder and Atlanta Falcons owner Arthur Blank has joined a prestigious list of billionaires — including Ted Turner, Warren Buffett, George Lucas and Bill and Melinda Gates among many others
— by signing the Giving Pledge
. With his signing, Blank is ageeeing to give away the majority of his wealth to charity.
Blank explained his decision to sign the Giving Pledge in a letter that appeared in a recent edition of the Atlanta Business Chronicle
. An excerpt from the letter reads:
“Now, as I approach my 70th birthday, I am more committed than ever to making a difference through philanthropy. The needs in our society are more profound than at any point in my lifetime. The gap between rich and poor in America is growing. Philanthropy alone cannot repair all of the social injustice in our country or the world. It can, however, inspire good will, spark innovation and provide thought leadership.”
Although Blank just signed the Giving Pledge, his foundation, The Arthur M. Blank Family Foundation
, has been actively giving to charities for 18 years. Philanthropic causes supported by the foundation include fighting childhood obesity and supporting the arts and childhood education.
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