Silicon Valley billionaire and co-founder of Facebook Dustin Moskovitz and future wife Cari Tuna say of their fortune, “It’s pooled up around us right now, but it belongs to the world. We intend not to have much when we die, ” as reported by the U.K Progressive. With his $8.1 billion in net worth, Moskovitz and Tuna became the youngest couple to sign Bill Gates and Warren Buffett’s Giving Pledge, which commits billionaires to giving away most of their wealth in the form of philanthropy.
While philanthropists have often focused on causes close to home, the reality of global communications has brought needs from further afield to the attention of those with plenty of funds at their disposal. Tuna, a former Wall Street Journal reporter, age 29 and Moskovitz, 30 adhere to the giving philosophy of “effective altruism, ” employing facts and reason over emotional draws to determine where money can make the most difference. The couple have focused on donating to research that may prevent asteroids from slamming into the Earth, to curing iodine deficiencies in the Third World and repairing the environment.
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The two make philanthropy into a business endeavor, and have traveled the world, initiated hundreds and interviews and have classified their priorities in four buckets: U.S. policy, global catastrophic risks, international aid and science. They plan to announce their first efforts in 2015, although they have been giving away 61 grants of $45 million through their foundation.
“Cari and I are stewards of this capital, ” says Moskovitz.