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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 and Melinda Gates are saying at the World Economic Forum in Davos, Switzerland, where they're kicking off what they're calling a "new age of philanthropy" in which they're putting their money where their mouth is, CNBC reports.
Their philanthropic initiative, called the Giving Pledge, aims to give away $100 million a year by the end of 2020 and another $30 million by the end of 2023.
The Gateses are among the world's richest people, with Bill Gates worth an estimated $35 billion and his wife, Melinda, worth an estimated $30 billion.
But they're not just putting their money where their mouth is: They're also investing in climate change initiatives.
"Climate change is the fundamental challenge of our times, and the decisions and actions we take today will have far-reaching implications for future well-being and indeed, survival," Bill Gates said at the forum, per CNBC.
"Philanthropy alone is not enough; we also
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Research supports arts education integrated into traditional classrooms and Career and Technical Education (CTE) programs for growing industries.CTE is a viable and growing partner with the arts in...more
The Seattle Black Film Festival (SBFF) is back once again to bring Seattleites a taste of Black cinema from local, national, and international filmmakers.The documentary is composed of interviews of...more
Foundation: Arkansas Community Foundation
The Faulkner County Urban Farm Project (UFP) has been awarded three competitive grants totaling $3,600 so far in 2025.The grants will bolster its efforts to address food insecurity and promote food...more
Jamestown Tarp Skunks Announce 2025 Season Schedule.The Perfect Game Collegiate Baseball League team will begin their season at home against the Batavia Muckdogs at 6:30 p.m., May 29.July 25th's show...more
Lincoln Commons will be a community gathering space in central Sioux Falls.The project is the first step in a multipronged partnership to turn a green space into a neighborhood asset.The goal was to...more
Preparations Underway for 13th Annual Warren Gives Event.The annual 16-hour online donation event set for Wednesday, May 14th, starting at 6:00AM.This year's event features 110 participating...more
The Community Foundation of Teton Valley is thrilled to announce 2025 Competitive Grant Awardees.Awardees gathered at the Teton Geo Center to celebrate the $85,000 granted to support critical...more
Foundation: Community Foundation of Greater Greensboro, Cemala Foundation
Residents are being invited to provide input regarding the "vision for the Future of Downtown Greensboro" The Thrive35 Vision Plan that's now under discussion will take community suggestions into...more
Coastside Gives aims to raise $1.6 million and hit the 10-year mark in a big way.Event's strength lies in its collaborative nature, executive director says.Event also raises awareness about the wide...more
The Lawton Community Foundation is awarding $41,750 in scholarships to 19 high school seniors.The students, their parents, community partners and donors will be honored at a breakfast hosted by the...more
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