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Here's what you need to know: The richest 1% of people on the planet have seen their wealth increase by an average of $2.7 billion per day since 2020.
That's the first time in 25 years that extreme wealth and extreme poverty have increased at the same time, according to Oxfam's "Survival of the Richest" report.
"While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams," says Gabriela Bucher, executive director of Oxfam International, per the Guardian.
Oxfam is calling for a wealth tax on the world's richest, arguing that such a tax could raise $1.7 billion a year, enough to lift 2 billion people out of poverty.
Giving to Amplify Earth Action: The WEF on Tuesday launched Giving to Amplify Earth Action, an initiative to increase philanthropic funding to tackle climate change and biodiversity loss, per the Guardian.
The group estimates that $3 trillion is needed to address climate change and biodiversity issues, and CEO Per Heggenes of the Ikea Foundation says it's "unacceptable" that just 2% of... Read the Entire ArticleSelected Grant News Headlines
The world's first social impact conference will be held in Africa for the second year in a row.
The Sterling One Foundation announced Tuesday that the second Africa Social Impact Summit will be...more
The world's richest people are putting their money where their mouth is.
In a new trend, they're investing in things that have a positive impact on the world, such as education, health care, and...more
One of the world's biggest banks has taken a stand against climate change by investing in green energy projects in some of the world's poorest countries.
The move by Abu Dhabi's Alpen Capital is...more
Some 26 million people in under-served communities around the world now have access to health care, a 50% increase from last year, according to a new report from the Royal Philips Foundation.
The...more
"In the face of adversity and limited resources, they are leveraging digital technologies, performing early screening and testing, providing basic treatment or timely referral, and driving...more
When financial expert Edda Schr ? 'der reflects on what she thinks about impact investing (German: social impact investing), she speaks of Fatima from Uganda.
Schr ? 'der founded the fund...more
Foundation: MacArthur Foundation, Baltimore Community Foundation, Ford Foundation, Rockefeller Foundation, Winthrop Rockefeller Foundation
"There always seems to be a shortage of resources to seize those opportunities," writes Baltimore Community Foundation President Shanaysha Saul in an op-ed in the Baltimore Sun.
"Even when...more
"The basics of financial analysis often get interrupted when race or gender is present," says Daryn Dodson, CEO of Illumen Capital.
That's why the Detroit-based fund-of-funds is closing its...more
"The basics of financial analysis often get interrupted when race or gender is present," says Daryn Dodson, CEO of Illumen Capital.
That's why the Detroit-based fund-of-funds is closing its...more
There's a massive financing gap in Nigeria's agriculture, health, and education sectors that needs to be filled, according to a new study.
The study, conducted by the International Development...more
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This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
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