On Monday evening, Rakesh Jhunjhunwala, investor and visionary at Rare Enterprises, often referred to as India’s Warren Buffet, made an announcement that added to his similarities with the US investor and philanthropist. Jhunjhunwala, ranked 1,062 among the world’s richest by Forbes, said he would pledge a fourth of his wealth to charity.
“I don’t really know how Forbes found out how much money I have… You should never ask a man his worth and a woman her age,” he said, laughing. “I have three children. But I will now think that I have four. Charity is my fourth child. And I shall divide my wealth between all four of them.”
Jhunjhunwala’s declaration has put him in a rare category of givers, but he admits it is a tough call. Giving is not quite as easy as it sounds. Writing the cheque is probably the easiest part. The serious concern is how that money is going to be used, for what purpose, and whether or not it has any impact.
We observed the gaps in between giver and taker. There is dire need in India to work with poor communities for sustainable development and empowerment at the same. The India has potential donors who wish to share their benefits for public cause. We wish some intimidatory role (like Give India) could be very helpful for chanalising the resources. We wish to take part in working with community with the help of Rakesh Foundation.
on Aug 5, 2011