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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 Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Quad Cities Community Foundation
Nine nonprofits in the Quad Cities, Ill., have been awarded a total of $150,000 in grants to help them "build and strengthen the systems, structures, cultures, skills, resources, and power that they...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
At the National Media Awards Foundation's annual gala in Toronto last night, journalists, photographers, designers, and other media professionals were honored for their work. Among the winners:...more
This year's Tour de France began over the weekend under extremely hot conditions, which is a growing concern as climate change makes European summers hotter. NPR's Alejandra Borunda spoke with...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
When Eileen Kang started her jewelry business, Kinaesthetics Studio, out of her dorm room at Claremont University in California, she had no idea she'd end up being an Intuit Product Manager...more
Foundation: San Diego Foundation
The San Diego Foundation and the Dr.euss Foundation have awarded more than $1.3 million in grants to local nonprofits supporting early childhood education and care for San Diego families with young...more
Foundation: Henry Luce Foundation, Henry Luce Foundation
The Henry Luce Foundation for American Art has awarded a $250,000 grant to the Journal of the Association of Historians of American Art, a peer-reviewed online journal that has been publishing for a...more
"It's an extremely clever invention." That's the jury's take on Besties, a line of cardboard figures that, when activated, activate an audiobook. The idea behind Besties is to "stimulating...more
The National Orchestral Institute + Festival Philharmonic gave a sold-out performance at Washington National Cathedral last night, playing Beethoven's Symphony No. 9 in D Minor with the Heritage...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.
