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"We're living in a time of poly crisis," says Stephanie Brobbey, a former private wealth lawyer and founder of the Good Ancestor Movement.
"We need to shift the purpose of the economy from the accumulation of wealth and power to the wellbeing of our life-sustaining planetary systems."
That's why Brobbey is calling on the ultra-rich to give away most of their wealth$90 trillion, to be exactin what she calls an "unprecedented" transfer of wealth.
Brobbey tells the BBC that two-thirds of the new wealth gained since 2020 has gone to the wealthiest 1% of people on the planet.
"That is shocking and should concern everyone," she says.
"It's making our societies very stressed and even physically ill."
The Good Ancestor Movement advises wealthy individuals on how to move their capital out of the extractive economy, "where it typically sits in a speculative manner," Brobbey says.
It's a shift from what she calls the "precarious crisis imagination" of our current economy.
"We all seem to be in a state of perpetual crisis of imagination," she says.
"So what we really want is to redistribute wealth and shift power back to communities that have been harmed
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
On Monday, the Supreme Court ruled that it's unconstitutional for cities and towns to make it harder for the homeless to get help, USA Today reports. The ruling stems from a case out of Oregon,...more
A Yale grad with more than 20 years of nonprofit and community leadership experience has been named the new executive director of a Connecticut nonprofit that helps people grow their own food, Fox...more
Foundation: Community Foundation of Sarasota County, Gulf Coast Community Foundation, Oklahoma City Community Foundation
Florida Gov. Ron DeSantis has chosen Graci McGillicuddy to enter the Florida Women's Hall of Fame in 2024. McGillicuddy, the co-founder of the All Star Children's Foundation, a Sarasota-based...more
It's that time of year again: time for investors in the cleantech industry to take stock of what's in store for 2024 and figure out what kind of year it will be, Business Insider reports. "I...more
A nonprofit in Ireland that provides art and well-being courses to adults and children with learning disabilities has expanded with the help of a government-backed charity. Community Finance...more
Every year, MBA students at the Tuck School of Business at Dartmouth travel the world as part of the Bakala TuckGO program. This year, that meant visiting Chile, China, France, Iceland, Japan,...more
David Hertz grew up in a middle-class Brazilian household with strong Jewish values. After coming out as gay in his early 20s, tensions with his traditional parents were running high, he tells...more
David Hertz grew up in a middle-class Brazilian household with strong Jewish values. After coming out as gay in his early 20s, tensions with his traditional parents were running high, he tells...more
Facebook is facing a proposed class-action lawsuit filed by a software engineer who says the company refused to hire him because it preferred to hire noncitizens with H-1B visas, the Los Angeles...more
"Food insecurity severely impacts the health of underinvested communities," Kyu Rhee, MD, CEO of the National Association of Community Health Centers, says in a press release. "And while the...more
Social Entrepreneurship
Spotlight
Reviving Ancient Indian Art Forms – Empowering Artisans Towards Entrepreneurship
Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.
