Philanthropy for Climate, Social Innovator Awards, and Inequality Reality Check: Davos Round-Up

The World Economic Forum held its annual meeting in Davos, Switzerland, this week, and Oxfam released a report on the state of the world's richest people.

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 Article

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Sterling One Foundation Announces 2Nd Edition of the Africa Social Impact Summit

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

Investors Are Turning Towards Impact Investing

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

Sound Impact: Investing to Make a Difference in Emerging Markets

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

Philips Foundation 2022 Annual Report: Partnering to Provide Healthcare Access to over 26 ...

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

Philips Foundation 2022 Annual Report: Partnering to

"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

Fund Grants Loans in Developing Countries and Generates Returns

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

Impact Investing Benefits Baltimore; We Need More of It
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

Impact Investor Illumen Capital Closes $168M Vehicle

"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

Impact Investor Illumen Capital Closes $168M Vehicle

"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

Stakeholders Suggest Ways To Fast-Track Growth Of Impact Investing In Nigeria

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

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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