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"We are moving from the era of Wealth 1.0, led by a generation driven by wealth creation and preservation, to the age of Wealth 2.0.
This younger generation of wealth owners has a strong desire to direct wealth for good and seeks to shape change that is meaningful and has impact."
That's what Bill Gates said Wednesday at the World Economic Forum in Davos, Switzerland, calling for a "new age of philanthropy" in which "philanthropy alone is not enough; we also want this to be catalytic."
catalytic, as in the concept of a "good, strong chemical catalyst."
Gates spoke of the need to address climate change, which he said is "the fundamental challenge of our times" and which will have "far-reaching implications for future well-being and indeed, survival."
The world needs to invest nearly $9 trillion over the next 30 years to meet that goal, but only about $5.3 trillion has been invested so far, according to a report by consulting firm McKinsey & Company cited by the BBC.
Gates said the world needs to act now to avoid the worst of the effects of climate change, and he called on philanthropists to do their part.
"Climate change is the fundamental challenge of our times, and the decisions and actions we take today will
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Joyce Smith's studio offers a wide range of painting, drawing, and craft classes.Classes include clay art classes, resin classes, canvas painting classes, geode art classes and acrylic pour...more
Over two-dozen local high school and middle school students will showcase their work in the 13thA annualCatwalk Student Fashion Show.The show is organized by Resource Depot, a nonprofit creative...more
Catherine Schlimgen is senior assistant city attorney for the city of Sioux Falls.She graduated from college with a degree in theater performance.Her husband and she love finding and eating at local...more
The North Kitsap Schools Foundation has awarded more than $98,000 in grants for the 2024-25 school year.The grants are intended to fund innovative, hands-on learning experiences for students...more
New Haven Schools Foundation 5K Fun Run/Walk returns April 26.Event includes a timed 5K race with age-group medals, School Spirit Trophy for the most creative costumes from New Haven Unified School...more
This year's forum focuses on the expanding role of artificial intelligence in artistic creation.It will address issues of authorship, agency, copyright, ethics, and the future of creative...more
New creative studio combines 'all things fancy' with sewing, balloons, events in Shalimar.Sara Morrison specializes in balloon designs and "fairy hair" services.Codi Bailey is a home economics...more
Foundation: Dallas Foundation
The D.O.C.'s Prescription for Underserved Dallas Youth: Stay in School, Learn Skills, Help Drive Industry Change " Dallas Innovates Jakes Foundation, the Dallas Regional Chamber, and Taylor...more
The Dreams Experience Academy (DEA) is a nonprofit creating new pathways into high-growth creative industries for Dallas youth."The reason you are in here tonight, you were born for this purpose,"...more
Trellis Impact 25 Brings Together VERGE, Bloom and GreenFin To Change the Course of Sustainability Events.VERGE empowers professionals decarbonizing and future-proofing their organizations and supply...more
Social Entrepreneurship
Spotlight
The Power of Being Unreasonable
Teju Ravilochan co-founded the Unreasonable Institute in 2009 to design an academy to tackle poverty, social justice, and educational voids. It’s a social-good school for traditional and nonprofit companies to learn how to speed-up, find partners, and help fund their world-changing ideas.