"I promise to give back at least 50% of my wealth
to charitable causes while I am alive or in my will."
"India is my country and all Indians are my brothers and sisters.
I love my country and I am proud of its rich and varied heritage.
I shall always strive to be worthy of it.
I shall give my parents, teachers and all elders respect
and treat everyone with courtesy.
To my country and my people, I pledge my devotion.
In their well-being and prosperity alone, lies my happiness."
What #LivingMyPromise Is All About
The Giving Pledge was initiated by Bill & Melinda Gates, and Warren Buffet in 2010 wherein the wealthiest in the world came together and committed more than half their wealth to philanthropy or charitable causes either during their lifetime or in their will.
#LivingMyPromise is bringing a similar opportunity to upper-middle-class Indians with a net worth of more than 1 crore [10 million] Rupees to come forward and promise to donate minimum 50% of their wealth to charity while they are alive or in their will.
We believe that ‘Giving inspires giving’ and while not everyone can promise to give away 50% of their wealth, we hope that through #LivingMyPromise, we can create a community of like-minded individuals who'd like to do more, and also inspire millions of others to "re-benchmark" their levels of giving.
#LivingMyPromise is inspired by the example of millions of people of all income levels who give generously—and often at a great personal sacrifice—to make the world better. #LivingMyPromise aims over time to help shift the social norms of philanthropy towards giving more, giving sooner, and giving smarter.
Those who join #LivingMyPromise often write a letter explaining their decision to engage deeply and publicly in philanthropy, as well as describing the philanthropic causes to which they are devoted. Signatories give to a diverse range of issues including poverty alleviation, health, education, women and girls’ empowerment, medical research, and environmental sustainability, amongst others.
Find out what % of wealth you can donate
This is a simple spreadsheet to help you calculate;
(a) how much wealth you will need to meet all your personal expenses for the rest of your life
(b) how much surplus you will be left with
(c) how much you can afford to give away.
If that number comes to anything above 40%, we would strongly urge you to consider signing up for #LivingMyPromise!
To use this calculator, you can either DOWNLOAD IT in Excel and then edit it on your computer, OR, if you have access to Google Drive, create a copy of the calculator as a Google Sheet and work with it there. Both options are listed inside the sheet as well.