The Global TFAC Fund was created with the singular goal of eradicating global poverty.
Here’s why we must succeed…
780 million people, 11 percent of the world's population, live in extreme poverty, on less than $1.90 per day.
At least 17 million children suffer from severe acute malnutrition around the world. Severe acute malnutrition is the direct cause of death for 2 million children every year..
Every day, 1,000 children under 5 die from illnesses like diarrhea, dysentery, and cholera caused by contaminated water and inadequate sanitation.
Source: The Urban Institute
…and why wealth matters.
Education
Young people from high-wealth families (wealth above $223,500) are more than one and a half times more likely to complete at least two years of college than those from low-wealth families (wealth below $2,000).
Source: The Urban Institute
Social Mobility
Among families in which parents did not graduate from college, young people from high-wealth families are roughly twice as likely to be upwardly mobile than those from low-wealth families.
Source: The Urban Institute
Health and Wellbeing
Children in high-wealth families are approximately four times more likely than children in low-wealth families to maintain good health. In adulthood, for example, they are three times less likely to pick up smoking than children from low-wealth families, as well as three times less likely to have activity restrictions due to chronic illness.
Source: The Urban Institute