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A customized collection of grant news from foundations and the federal government from around the Web.
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...Selected Grant News Headlines
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
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
When Amit Bhatia quit his corporate job in 2007 to work on social and environmental issues, he created Aspire Impact and Aspire Circle.
Now he's created Impact Ratings, and he wants to make it...more
Social Entrepreneurship
Spotlight
Using Fashion as a Force for Social and Environmental Good
Jeff Denby co-founded PACT, a movement camouflaged as a clothing company. Denby and his team decided to build a business to fund the causes they believe in.
