The Founding Fathers Didn't Trust Each Other. They Pledged Anyway | Opinion
Summary
Missy S. Mastel argues that pledges need shared financial structures and accountability to become effective. She applies this idea to climate adaptation funding, family wealth and business partnerships with nonprofits, and urges leaders to make long-term commitments together.Key Facts
- The Declaration of Independence was signed by 56 men, who pledged their lives, fortunes and honor to one another.
- In April 2025, Senator Cory Booker spoke on the Senate floor for more than 25 hours, setting a record; colleagues helped him continue by asking questions.
- Developing countries receive about $26 billion a year in international public funding for climate adaptation, according to the article.
- The article cites a UN Environment Programme estimate that the annual adaptation-finance gap could reach $284 billion to $339 billion by 2035.
- A pledge to at least triple adaptation finance for developing countries by 2035 remained unresolved after talks in Bonn and was passed to COP31 in Antalya, according to Carbon Brief.
- Cerulli Associates projects that about $124 trillion in U.S. wealth will pass from older Americans to heirs and charity through 2048.
- Mastel proposes that companies include nonprofits working with vulnerable communities in supply-chain, finance and risk discussions about adaptation projects.
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