Targeted giving --- from Bill Gates to Brad Pitt to the Buffett kids

Fighting for a causeFighting for a causeBill and Melinda Gates are giving away billions to find a cure for AIDs, to curb childhood malaria, and to improve computer literacy worldwide among the young.

But what about sisters Helen and Swanee Hunt, daughters of Texas oil magnate H.L. Hunt? They're tapping women across the country to write checks that promote women's health and job-training programs.

Then there's Brad Pitt, who runs the Make It Right Foundation. He's pledged $5 million to help construct 150 new low-income homes in New Orleans.

These rich and famous are on the latest Barron's magazine list of the world's 25 best philanthropists -- based on the results of their charity.

On top is Ebay founder Pierre Omidyar and his wife Pam. They've committed at least $300 million since 2004 to such innovations as Wikipedia.

Others on the list in the Nov. 30 edition of Barron's:

--Howard G. Buffett, oldest son of Berkshire Hathaway tycoon Warren Buffett. Howie has earmarked funds to improve rural water supplies in 13 countries.

--Peter and Jennifer Buffett. Warren's youngest son and his wife are focusing their philanthropy on helping women and girls in developing nations.

Submitted by Steve Rosen on December 1, 2009 - 1:05am.
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4/9/09

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Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

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It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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