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When it comes to helping the world's poorest people, there's no "silver bullet"but there are plenty of ways to invest in their future, the New York Times reports.
The world's richest people are putting their money where their mouth is.
According to the World Bank, the world's richest individuals and families have donated more than $1 trillion to groups that help the world's poorest people, but there's no "silver bullet" that will solve the world's problems, the Times notes.
"There is no'silver bullet' that will solve the world's problems," the head of the World Bank's philanthropic department tells the Times.
"There are a lot of different approaches to solving the world's problems."
One of those approaches is "impact investing," which involves putting money toward causes that have a positive impact on the world's people, the Times notes.
The world's richest people are putting their money where their mouth is, the Times reports.
According to the World Bank, the world's richest individuals and families have donated more than $1 trillion to groups that help the world's poorest people, but there's no "silver bullet" that will solve the world's problems. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Britain's housing crisis is so bad that the government has come up with a novel way to fix it: It's putting $1 billion toward new construction, reports the Telegraph. The money will come from...more
The UK's housing crisis is so bad that the government has come up with a novel way to fix it: It's putting $1 billion toward building 100,000 new homes over the next five years, reports the...more
A Hong Kong man who has trained more than 70,000 young people to "bring positive impact through their work" is this year's recipient of the "Spirit of Hong Kong" award, the South China Morning Post...more
The world's longest-serving member of the House of Representatives is stepping down from his post at the end of the year, the AP reports. Rep. Manny Pacquiao has announced that he will not...more
A new report from accounting and consulting firm BDO USA finds that US nonprofits are stronger and more effective than they were just a few years ago. The report, which surveyed 250 nonprofit...more
When it comes to assessing the risks of climate change, Standard & Poor's has a new metric to look atand it's a pretty good one. The company's Global Climate Center of Excellence on Tuesday...more
Starbucks is investing in two " innovation farms" in Central America in an effort to protect its coffee supply from the effects of climate change, CNBC reports. The farms in Costa Rica and...more
Foundation: Gates Foundation, Global Fund for Women
Bill and Melinda Gates are putting their money where their mouth is to help people in Sudan. The two are among nine donors who have pledged $4.5 million to help local aid groups in the country,...more
A new report from the European Central Bank is out, and it calls for price controls on prescription drugs to cut down on drug costs and spur innovation, the Wall Street Journal reports. The...more
Good news for Italy: Its consumer confidence index rose to 98.3 in September from an eight-month low of 96.1 in August, reports the Wall Street Journal. The sub-index of personal confidence rose...more
Social Innovation News from...
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Spotlight
Rwanda as Social Entrepreneur Fund Beneficiary
The Republic of Rwanda has been picked as one of the six African countries as beneficiaries for a new fellowship fund program designed at supporting social entrepreneurs in tackling issues on food security.
