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Why the racial wealth gap hitting Black American billionaires matters
The inequality represented even at the highest echelons of affluence reflects how a dearth of Black super-wealth can have a ripple effect on the rest of society.
By Kimberly Atkins Globe Staff,Updated April 8, 2021, 5:52 p.m.
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Producer, actor, filmmaker, and author Tyler Perry is 2,674 on Forbes list of billionaires.Amy Sussman/Amy Sussman/Invision/AP
An extraordinary thing happened during the year the COVID-19 pandemic ceaselessly delivered death, despair, and economic misery to so many: The world got 493 brand new billionaires.
A new billionaire was being created every 17 hours and 39 minutes last year, adding a $5 trillion boost to the collective $13 trillion wealth of the richest of the rich, as listed in Forbes newest tabulation of the record-high 2,755 billionaires on earth. The list includes the Boston Globeâs owner and publisher John Henry, who is worth $2.8 billion.
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Educational Philanthropy Gets Ethical Update
March 16, 2021
The standards, guidelines and definitions for reporting the results of educational philanthropy around the world have been updated with new guidance on gift counting, a new definition of educational philanthropy and for the first time, a statement on ethics.
The Council for Advancement and Support of Education (CASE) released the CASE Global Reporting Standards. For the first time since its initial publication in 1982, the standards offer a digital subscription and six country-specific supplements.
Previously referred to as the CASE Reporting Standards and Management Guidelines, the CASE Global Reporting Standards is a common set of standards, guidelines and definitions for reporting the results of educational philanthropy activities at schools, colleges and universities across the globe.
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