Yesterday, NPQ reported on the gift of $100 million to Connecticut schools by a hedge fund investor in the state. But had that investor not benefitted from the carried-interest loophole, the state’s schools might have had $100 million more to begin with.
A new report co-published by the Asset Funders Network and the Closing the Women’s Wealth Gap Initiative looks to public policy and philanthropy to reduce the wealth gap between female- and male-headed households.
Because of legacy admission policies, students in the top one percent are as much as 80 times more likely to attend an elite university than those whose family income falls within the bottom 20 percent of the population.
The income gap between haves and have-nots is widening throughout the United States, but the increased inequality is particularly notable in Connecticut, where between 2009 and 2013, the top one percent received literally 100 percent of the gains while the bottom 99 percent actually saw incomes decline.
Nonprofits are helping to democratize business ownership through cooperatives and employee stock ownership plans that give workers the opportunity to share in the wealth they are creating.
Nobel laureate Joseph Stiglitz makes his case for major surgery of the US economy.
The latest US Trust report on high-net-worth donors reveals that little has changed, save for an increase in the number of billionaires and the wealth gap.
In the Tampa Bay metropolitan region, Black homeownership has fallen from 46.5 percent to 32 percent in the past 11 years, even as white homeownership remains above 70 percent.
Taking our quickly growing wealth gap as a given is a big mistake.
Our current economic expansion, already the nation’s second longest, continues. And yet, beneath the surface, it’s obvious this economic expansion is not like the others.
