Bill Clinton Secures Record Philanthropic Pledges

Thursday, 23 Sep 2010 08:33 PM


  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
NEW YORK - Former U.S. President Bill Clinton secured a record 291 pledges worth more than $6 billion to tackle global woes at his sixth annual philanthropic summit, which wound up on Thursday.

The value of Clinton Global Initiative pledges for economic empowerment, education, environment, energy and health was $3 billion less than 2009, but the organization said that in previous years one or two big commitments represented a disproportionate share of the whole.

Since 2005, nearly 2,000 commitments have been made valued at $63 billion. Most of this year's pledges were agreed upon before the meeting started.

Clinton told the closing session of the meeting that what he had been most worried about during the worst U.S. recession in decades was that people would lose their confidence.

"But it is astonishing how many people from all walks of life with all levels of resources still think about their neighbors," he said.

More than 1,300 people including heads of state like U.S. President Barack Obama, business leaders such as Microsoft co-founder Bill Gates, humanitarians and celebrities like the Rolling Stones attended the three-day meeting.

"The reason I think people like (CGI) is that there's a minimum amount of posturing and a maximum amount of seeking. There's a minimum amount of talking in relationship to the commitment, to doing," said Clinton.


Clinton's summit was borne out of his frustration while president from 1993 to 2001 at attending conferences that were more talk than action. When CGI began, corporations tended to show up and write checks to fund programs, but many companies now see their philanthropy as investment opportunities.

Obama attended the Clinton Global Initiative to introduce his wife, Michelle, who appealed to companies and nonprofit groups to employ U.S. military veterans and their spouses.

"Do it because it's good for your bottom line and the success of your organization," the First Lady said.

Earlier on Thursday, Cisco Systems (CSCO.O) Chief Executive John Chambers, Twitter co-founder Jack Dorsey and other business leaders told the initiative that Internet technology drives economic growth and enables poor countries to develop at a faster pace than rich nations did.

"It suddenly allows us to change people's lives at tremendous speed," Chambers, whose company makes tech networking equipment, told a panel discussion. "If you watch the speed of change that is now occurring its almost what used to occur in 10 years can occur in one."

Twitter Chairman Dorsey said that social networking sites allowed one person's view or advice to become global and noted that the technology was so simple and inexpensive "that anyone can access it."

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Fred Fleitz: Two Overlooked Lessons From the North Korea/Sony Hack

Monday, 22 Dec 2014 17:01 PM

As disturbing as the North Korean cyberattack against the computers of Sony Pictures is, many reporters and politicians  . . .

John Kerry: Tsunami Anniversary Calls for Climate Change Action

Monday, 22 Dec 2014 16:48 PM

Secretary of State John Kerry used the 10th anniversary of the Indian Ocean tsunami that struck the Asian and African co . . .

US Offers $5 Million Bounty for Terrorist It Released

Monday, 22 Dec 2014 16:38 PM

The United States is offering a $5 million bounty for the recapture of an Islamic terrorist it freed six years ago who r . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved