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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 climate change, the Straits Times reports.
The idea is that by putting their money where their mouth is, they'll be more likely to donate it in the future.
"It's a great way for them to use their money in a different way," says a professor at the London School of Economics.
The world's richest peoplethose with annual income of more than $1 millionare putting their money into what's known as an impact investment fund, which is run by the World Wildlife Fund.
The fund aims to invest in assets that have a positive impact on the world, such as education, health care, or climate change, and make money from investments on the one hand and donations on the other, the BBC reports.
The world's richest people are putting their money into a fund called the Climate Action Fund, which has around US$500 million in assets, according to the Financial Times.
The fund aims to invest in some of the world's most troubled countries, and make money from investments on the one hand and donations
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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