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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.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Creative Australia has announced the appointment of Leisa Bacon as its new Executive Director, Development and Partnerships.Bacon brings over 20 years of executive leadership experience in major...more
There is an estimated global climate investment gap of USD 6.1 trillion per year by 2030.Annual climate investments must increase fivefold to keep global temperature rises within 1.5 C by the end of...more
Daring Capital is an impact investing syndicate.Its mission is to invest in underrepresented founders building for-profit companies.These include individuals facing poverty, discrimination, or lack...more
The cultural festival organised by NAFEST had the various troupes in the country in participation, with the team from Anambra, in an amazing performance and cultural skills, emerging the most...more
The impact of climate change could drive fixed-asset losses of $560-610 billion per year across listed companies by 2035.The report aims to help business leaders recognise that the longevity of...more
In part one of a three-part article, Rick Heath examines why the Australian arts industry is not valued or invested in appropriately.The potential outcomes are so huge, says Heath.Has arts investment...more
Foundation: Venture Philanthropy Partners
Community-based organizations are one of the greatest levers for change, says Gretchen Van der Veer, CEO of Fair Chance.Funders can play a critical role by making strategic investments in nonprofits,...more
Wharton and SP2 Receive $5 million for the Wieler Family Professorship on Social Impact and Philanthropy.It is the first-ever professorship in philanthropy for a faculty member with appointments in...more
'New Realities, New Opportunities': AVPN South Asia Summit 2024 Announces Major Cross-Sector Initiatives.AVPN is the largest network of social investors in Asia.The Summit focuses on addressing South...more
'Impact investing is not just for returns, diversification but also risk reduction,' says LeapFrog CEO.Impact investing is emerging as a lower-risk alternative to traditional private equity,...more
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Social Enterprise Shortlisted for First Citi Microentrepreneurship Awards
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.
