Describe the Organization's Program Activity: FINANCIAL INNOVATION AND RESILIENCE PROGRAM AIMED AT STRENGTHENING THE FINANCIAL HEALTH AND RESILIENCE OF ORGANIZATIONS, FOR THE ART GALLERY - A PUBLIC FEATURE THAT EXPLORES MULTIDISCIPLINARY ART BY ARTISTS COMMITTED TO EXPLORING ISSUES OF JUSTICE AND INJUSTICE, FOR PROJECTS THAT COMMUNICATE THE FOUNDATION'S MISSION AND PROGRAM INCLUDING THE WEBSITE, FOR ACTIVITIES OF ART FOR JUSTICE - ORGANIZATION FOCUSED ON SAFELY REDUCING THE PRISON POPULATION AND CREATING ART THAT CHANGES THE NARRATIVE AROUND MASS INCARCERATION. One wondered what his vision of philanthropy and of activism was.[25], Ubinass successor, Darren Walker, came to Ford as its tenth president in 2013 with a very clear vision of what he wanted the Ford Foundation to become.
This criticism peaked after the 2001 World Conference Against Racism, where some nongovernmental organizations funded by the foundation backed resolutions equating Israeli policies with apartheid. In 1986, the foundation added predoctoral and dissertation fellowships to the program. We have that! To view all pages of the Form 990, download this PDF, or you can request a demo of Cause IQ to explore all that Cause IQ has to offer. Walkers resume includes time as a trader at UBS, a program office and president of the Abyssinian Development Corporation, which promotes development in Harlem; a program officer at the Rockefeller Foundation; and a Ford Foundation vice president.[26].
In 2013, the foundation announced that it would donate $125 million over 15 years to bolster the citys pension fund as the lead donor with other foundations, including the Kresge, Charles Stewart Mott, and Knight foundations. It will be driven into diversified ownership, which can come only through enormous stock sales to the public.[4]. The final cohort has been selected, and the program will conclude in 2013. Charlotte police: officers assaulted, multiple protesters arrested in uptown demonstration., Newby, Jake. Rojc, Philip. They may live to regret them.[28], The foundation continued to fund some of its long-time donors. In response, the Ford Foundation tightened its criteria for funding. [73], Source: History of Ford Foundation[74][75].
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[58][59], Ranked No. Revenue: $486,701,562
Roy links the Ford Foundation's establishment of an economics course at the Indonesian University with aligning students with the 1965 coup that installed Suharto as president. Foundations by Total Giving", "Rockefeller Archive Center to House Ford Foundation Records", "Ford outlays seek to broaden 'public media', "A History of the San Francisco Actor's Workshop", "An Overview of the Ford Foundation's Strategy for Population Work", "A quest for better contraception: The Ford foundation's contribution to reproductive science and contraceptive development 19591983", "43 years after Roe v. Wade, why we (still) need reproductive justice", "Rallying outside the Supreme Court to support abortion rights", "Case 36: Social Movements and Civil Rights Litigation", Ford Foundation 1967", "Guide to the National Council of La Raza Records,1968-1996", "Four Decades of Protecting Latino Civil Rights", "Southwest Voter Registration Education Project", "The Ocean Hill-Brownsville Crisis: New York's Antigone", "The Oldham Notebooks: An analysis of the development of IVF 1969-1978.
[21] Although this clause was ultimately removed from the final declaration, both the American and the Israeli governments formally withdrew their delegations. Ahead of the foundation selling its Ford Motor Company holdings, in 1949, Henry Ford II created the Ford Motor Company Fund, a separate corporate foundation that to this day serves as the philanthropic arm of the Ford Motor Company and is not associated with the foundation.
Accessed June 12, 2019. 
[31], Former hedge-fund manager Andy Kessler commented in the Wall Street Journal that the six new areas of Ford Foundation giving that none are productive, none drive profits and none will achieve the huge leaps in public welfare that Henry Ford pulled off long ago, when he enabled millions of Americans to buy and drive cars for the first time. But the result was that UFT president Albert Shanker, who became president of the American Federation of Teachers, was an implacable foe of school choice for the next 30 years.
The organization has seen a slow decline revenue. The building was recognized in 1968 by the Architectural Record as "a new kind of urban space".
Its atrium was designed with the notion of having urban greenspace accessible to all and is an example of the application in architecture of environmental psychology. In 1952 Henry Ford II told the Cox Committee, a House committee investigating foundations, that this decision was made because this trust was so large that our family should not have control of it.[6], Henry Ford II regretted this decision for the rest of his life. Conservative commentator George Will referred to the conference as a United Nations orgy of hate directed at Israel and the U.S.[22], The Ford Foundation continued its grants to abortion rights groups, with substantial grants given in the 2000-04 period to Catholics for a Free Choice (now Catholics for Choice), the International Planned Parenthood Federation, and the International Womens Health Coalition.[23].
Ford Foundation. IFP is entering its concluding phase. In 2005, Michigan Attorney General Mike Cox began a probe of the foundation. VI. PURPOSE: CORE SUPPORT FOR THE REPRODUCTIVE HEALTH AND WOMENS RIGHTS COLLABORATIVE, PURPOSE: FOR THE FORD FELLOWSHIPS PROGRAM FOR PREDOCTORAL DISSERTATION AND POSTDOCTORAL FELLOWSHIPS, PURPOSE: FOR THE DETROIT INSTITUTE OF ARTS SETTLEMENT PROJECT TO EXPEDITE DETROITS BANKRUPTCY SETTLEMENT ASSIST IN HONORING PENSION COMMITMENTS AND PRESERVE THE INSTITUTES COLLECTION FOR PUBLIC BENEFIT, PURPOSE: FOR THE GLOBAL TRAVEL AND LEARNING FUND TO ADMINISTER TRAVEL AWARDS SMALL GRANTS TO ORGANIZATIONS AND OTHER PROGRAMRELATED LEARNING ACTIVITIES, PURPOSE: GENERAL SUPPORT AND CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page. [44] In the same year, the foundation funded the establishment of the Southwest Council of La Raza, the predecessor of the National Council of La Raza. Throughout the 1950s, the foundation provided arts and humanities fellowships that supported the work of figures like Josef Albers, James Baldwin, Saul Bellow, Herbert Blau, E. E. Cummings, Anthony Hecht, Flannery O'Connor, Jacob Lawrence, Maurice Valency, Robert Lowell, and Margaret Mead. This page was last edited on 21 May 2022, at 13:27.
Although they deny they are setting precedents, they clearly are. Walker wrote that Philanthropy is commendable, but it must not cause the philanthropist to overlook the circumstances of economic injustice which make philanthropy necessary.[30], As part of this refocus, the Ford Foundation announced in 2016 that it would lead a six-year effort to raise $100 million for the Movement for Black Lives, an organization designed to receive grants for groups involved in the Black Lives Matter movement.
Cox focused on its governance, potential conflicts of interest among board members, and what he viewed as its poor record of giving to charities in Michigan.
More than 80 percent have completed their studies and are now serving their home communities. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American author, conservative philosopher, and critic of feminism Christina Hoff Sommers, criticized The Ford Foundation in her book The War Against Boys (2000) as well as other institutions in education and government. These groups included the Leadership Conference on Civil and Human Rights (which had received over $11 million in Ford Foundation grants since 2000), Alliance for Justice (with over $4 million in Ford grants) and People for the American Way. [57], In October 2020, Ford Foundation partnered with the Andrew W. Mellon Foundation to establish the Disability Future Fellowship, awarding $50,000 annually to disabled writers, actors, and directors in the fields of creative arts performance.
Ubinas, formerly a consultant with McKinsey and Company, was best known for offering buyouts to 30 percent of the foundations staff after the foundations endowment plunged from $12 billion in 2007 to $9.5 billion in 2010. Grants Database: Southern Vision Alliance. Accessed September 30, 2020. James Armsey oversaw the formation of educational television at the Foundation in the 1950s and 1960s. Under pressure by several members of Congress, chief among them Rep. Jerrold Nadler, the foundation apologized and then prohibited the promotion of "violence, terrorism, bigotry or the destruction of any state" among its grantees.
[2][10] According to the OECD, the Ford Foundation provided US$194 million for development in 2019, all of which related to its grant-making activities.
Laurence Stern and Richard Harwood, Ford Foundation: Its Works Spark a Backlash,.
[4][22][23][24] The Ford Foundation's first international field office opened in 1952 in New Delhi, India. "[21] During its early years, the foundation operated in Michigan under the leadership of Ford family members and their associates and supported the Henry Ford Hospital and the Henry Ford Museum and Greenfield Village, among other organizations. The New York City Landmarks Preservation Commission designated the building a landmark in 1997. It was funded and controlled by the CIA. More than any other foundation, the Ford Foundation in the 1960s created the notion of the action-oriented foundation dedicated to addressing major social problems. The committee, headed by California attorney H. Rowan Gaither, recommended that the foundation become an international philanthropic organization dedicated to the advancement of human welfare and "urged the foundation to focus on solving humankind's most pressing problems, whatever they might be, rather than work in any particular field." The report was endorsed by the foundation's board of trustees, and they subsequently voted to move the foundation to New York City in 1953.
Ford also supported the World Conference Against Racism, providing grants for several organizations to attend this conference. It has provided US$40 million to nongovernmental organizations in Israel since 2003 exclusively through the New Israel Fund (NIF), in the areas of advancing civil and human rights, helping Arab citizens in Israel gain equality and promoting Israeli-Palestinian peace. Private foundation based in New York City, Law school clinics and civil rights litigation, New York City public school decentralization, Native Arts and Culture Foundation endowment repatriation, Relationship with the United States Government, 2005 Michigan Attorney General investigation, Mexican American Legal Defense and Educational Fund, Puerto Rican Legal Defense and Education Fund, Southwest Voter Registration Education Project, impact investing via mission-related investments (MRIs), Financial endowment Ethics and endowment repatriation, Ford Foundation Center for Social Justice, New York City Landmarks Preservation Commission, "A Memoir of the Ford Foundation: The Early Years", "Development Studies: Foundations & Philanthropies", "In the American grain: The amazing story of Henry Ford", "Ford Foundation | Development Co-operation Profiles Ford Foundation | OECD iLibrary", "Achieving Diversity in the Professoriate: Challenges and Opportunities", "Making It Count: The Evolution of the Ford Foundation's Diversity Data Collection - The Center for Effective Philanthropy", "Nelson Diversity Surveys: A Rich Data Source regarding Women and Minorities in Science", "Nelson Diversity Surveys - UC Davis ADVANCE", "Michigan Attorney General Looks Into Policies of Ford Foundation", "Henry Ford 2d Quits Foundation, Urges Appreciation for Capitalism", "FOUNDATION WOES THE SAGA OF HENRY FORD II: PART TWO", "Ford Foundation elects Henry Ford III to Board of Trustees", "First Ford since 1976 named to Ford Foundation board", "Top 100 U.S. Ford Foundation is located in New York, NY. [1] The foundation has been a major force in American culture and, because of its size, has given a great deal of money to left-wing and center-left organizations since its founding. [3], The Ford Foundation was created in January 1936 as a response to the Revenue Act of 1935, which imposed estate taxes of 70 percent on estates of over $50 million.
information about Ford Family Foundation Inc [63], The foundation was accused of being funded by the US government. [4] By 1947, after the death of the two founders, the foundation owned 90% of the non-voting shares of the Ford Motor Company. Create an account to unlock the data you need. A press release announcing the grant pointed to the assistance given by the Fighting Group to carefully screened defectors to come to the West. 
[51][52], In 1987, the foundation began making grants to fight the AIDS epidemic[53] and in 2010 made grant disbursements totalling US$29,512,312.
If the Ford or Clinton foundations really wanted to help society, theyd work on lowering barriers to business formation and cutting the regulatory chains that inhibit productive hiring in the U.S. and globally, Kessler wrote. [56], In June 2020, Ford Foundation decided to raise $1 billion through a combination of 30 and 50- year bonds.
In 1951, the foundation made its first grant to support the development of the Public Broadcasting Service (PBS), then known as National Educational Television (NET), which went on the air in 1952. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. [49], Between 1969 and 1978, the foundation was the biggest funder for research into in vitro fertilisation in the United Kingdom, which led to the first baby, Louise Brown born from the technique. Seeking to reduce poverty in what Ford Foundation program officer and future Johnson administration official Paul Ylvisaker called the gray area between central business district and suburb, the Ford Foundation funded inner city poverty-fighting programs from 1960 onwards. [17], The community control debacle and other political excesses led to an investigation of Ford and other foundations by an investigative committee of the House of Representatives in February 1969 led by Rep. Wright Patman (D-Texas). Cato Institute fellow Walter Olson refers to Ford as the Johnny Appleseed of litigation liberalism and notes that funding activist lawyers has been a key theme of Fords grantmaking for decades.
[44] The same year, the Puerto Rican Legal Defense and Education Fund opened with funding from numerous organizations, including the foundation. 24 on the Forbes 2018 World's Most Innovative Companies list, the Ford Foundation utilized its endowment to invest in innovative and sustainable change leadership shifting the model of grant-making in the 21st century.
Over the last fiscal year, we have identified 2 grants that Ford Foundation has recieved totaling $225. You can explore the organizations financials more deeply in the financial statements section below. Martin Morse Wooster, The Ford Foundation: It Keeps a Low Profile, But Funds Gvernment Entitlements, Racial Preferences, Legal Activists, Foundation Watch, October 2003, Kimberly Kindy, William H. Pryor, Jr.: Singular In Political Experience and Polarizing Power,, Martin Morse Wooster, The Ford Foundations International Agenda: Supports Palestinian, Feminist, and Population Control Groups,, George F. Will, Israel Should Expel Arafat and His Thugocracy., Ian Wilhelm, Ford Foundation Offers Buyouts to One-Third of Employees,, Caroline Preston, Ford Foundation Head Leaves Behind Legacy of New Grant Programs But Few Bold Strokes,, Larissa MacFarquhar, What Money Can Buy,, Mary Kramer, Interviewer Gilbert Helps Complete Circle of Fords Detroit Connection,, William Schambra, Foundations Offering to Bail Out Detroit May Regret Their Decision,, David Gelles, Major Foundations, Eager for Big Change, Aim High,, Valerie Richardson, Black Lives Matter Cashes $100 Million Foundation Check,, Andy Kessler, The Capitalist as the Ultimate Philanthropist,. Every time the parents council tried to fire teachers, the teachers struck, the third time for five weeks. [44] The Mexican American Legal Defense and Educational Fund was incorporated in 1967 with a US$2.2 million grant from the foundation.
The Ford Foundation makes grants through its headquarters and ten international field offices. (Chester, Covert Network, pp.
The Grameen Bank and its founder Muhammad Yunus were awarded the Nobel Peace Prize in 2006 for pioneering microcredit. The Ford Foundation became more activist beginning in the late 1950s. The Ford Foundation provided $1,170,194 towards the research.
Other foundations funding the initiative include the Kresge Foundation, the MacArthur Foundation, Arnold Ventures, the Emerson Collective, the Heising-Simons Foundation, George Soros Open Society Foundations, and the Charles and Lynn Schusterman Family Philanthropies.
But last year, it also pledged to plow up to $1 billion of its overall $12.5 billion endowment over the next decade into impact investing via mission-related investments (MRIs) that generate both financial and social returns.
The hospital grants were deliberately arranged so that there would be some Ford money flowing into every Congressional district.[8]. [13], For over half a century, the Ford Foundation has operated behind the scenes to flip American law schools into operatives of 1960s-style social change. Other large organizations like Carnegie, Open Society, and MacArthur have followed the Ford Foundations path, and the result can be seen in landmark Supreme Court decisions, the abundance of politicized legal clinics across college universities, and the courts growing willingness to defer to international law.[14] [15], Ford grants in 1967-68 of $334,000[16] encouraged the Ocean Hill-Brownsville school district in New York City and two other districts to implement community control, where parents in the district were given more power over local schools.
[12], The Ford Foundation is one of the primary foundations offering grants that support and maintain diversity in higher education with fellowships for pre-doctoral, dissertation, and post-doctoral scholarship to increase diverse representation among Native Americans, African Americans, Latin Americans, and other under-represented Asian and Latino sub-groups throughout the U.S. academic labor market. It announced that its grantmaking would be in seven areas: civic engagement and government, free expression and creativity, equitable development, gender, racial, and ethnic justice, inclusive economies, Internet freedom, and youth opportunity and learning. Cause IQ only displays the first 40 pages in our online Form 990 viewer.
Fellows represent historically disadvantaged groups from outside the United States.
2022 Nonprofit Metrics LLCTerms of Service and Privacy Policy.
An additional $942,260 was given to Queens Colleges Institute for Contemporary Studies to analyze the project. Intellispect helps service providers identify nonprofit prospects and make contact with decision makers. He was chairman of the board of the Ford Foundation from 1948-1956, and a trustee until 1977, when he resigned over the foundations anti-capitalist drift. Copyright 2022 InfluenceWatch. It wasnt a hard decision.[27], Hudson Institute fellow William Schambra warned in a 2014 Chronicle of Philanthropy opinion piece that the deal could set a dangerous precedent. Ford Family Foundation Inc in Columbus, Ohio (OH), NonProfitFacts.com - Tax-Exempt Organizations, Organizations performing similar types of work, Ohio Special Olympics, Franklin-Columbus Public Schools, Somali Education Health And Development Organization, The National City Corporation Charitable Foundation Ii, The@erwin & Katherine Geis Charitable Foundation, The Char And Chuck Fowler Family Foundation, Jean Harry And Brenda Fuchs Family Foundation, Richard And Alita Rogers Family Foundation, National Taxonomy of Exempt Entities (NTEE), Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations.
[72], The foundation's partnership with the New Israel Fund (NIF), which began in 2003, was criticized regarding its choice of mostly progressive grantees and causes. It was a leading advocate of individual development accounts, which encourage low-income households to save by matching funds saved by families below a given income threshold. Since 2014, Ford Foundation has awarded 24,334 individual grants totaling $5,426,708,592. [citation needed], In 1967 and 1968, the foundation provided financial support for decentralization and community control of public schools in New York City. [66][67] Writer and activist Arundhati Roy connects the foundation, along with the Rockefeller Foundation, with supporting imperialist efforts by the U.S. government during the Cold War. For over eight decades their mission decisively advocates and supports the reduction of poverty and injustice among other values including the maintenance of democratic values, promoting engagement with other nations, and sustaining human progress and achievement at home and abroad. This move itself sparked protest among university provosts and various non-profit groups on free speech issues. The organization was established in 1960. The conference, held in Durban, South Africa in August and September 2001, is best known for a debate over a clause that equated Zionism with racism. Over the last fiscal year, Ford Foundation has awarded $795,490,866 in support to 3,524 organizations.
Henry Ford, according to historian William Greenleaf, donated $37.6 million to charity during his lifetime, with his favorite causes being Greenfield Village and the Henry Ford Museum in Dearborn, Michigan and the Henry Ford Hospital (now the Henry Ford Health System) in Detroit.
In 1975, under influence from the Ford and Rockefeller Foundations, Indian Prime Minister Indira Gandhi used emergency powers to appoint herself a virtual dictator of the country and declared a national emergency to implement a large-scale compulsory sterilization program, imprisoning dissenters. Southern Vision Alliance, May 2017-May 2018 Annual Report, accessed September 30, 2020, Ablon, Matthew. Expenses: $756,882,561 In 2011, right wing Israeli politicians and organizations such as NGO Monitor and Im Tirtzu claimed the NIF and other recipients of Ford Foundation grants supported the delegitimization of Israel.
Mann, Charles C. The Book That Incited a Worldwide Fear of Overpopulation. Smithsonian.com. The purpose of the huge giveaway was unabashedly political, note historians Leonard Silk and Mark Silk. [43], Beginning in the late 1960s and continuing through the 1970s, the foundation expanded into civil rights litigation, granting $18 million to civil rights litigation groups. We owe this city.
[70] Spanish judge Francisco Serrano Castro made similar claims to Sommers in his 2012 book The Dictatorship of Gender.
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January 01, 2018. Some of Americas leading foundations are now deeply engaged in Detroit politics, giving and taking like any municipal power broker, Schambra wrote, meeting requests they never before would have considered, and making demands they never would have dared.
Sources of support and patterns of expenditure", "30 years of AIDS Looking back at the Philanthropic Response", "U.S. Philanthropic Support to Address HIV/AIDS in 2010", "Ford Foundation, Big Funder of Israeli NGOs, Pulling Out", "Ford Foundation to raise $1B for coronavirus-hit nonprofits: Report", "Warner Bros. Issues Apology After 'The Witches' Faces Backlash From Disability Community | Hollywood Reporter", "Ford, Mellon Foundations Initiate Disability Futures Fellows, Awarding $50,000 to 20 Artists", "How The Ford Foundation Is Investing In Change", "Ford Foundation Outlines New Grantmaking Approach", "Native Arts and Cultures: Research, Growth and Opportunities for Philanthropic Support", "Funding Transatlantic Exchange between the Arts and Politics", "Washingtonpost.com: The War Against Boys: How Misguided Feminism Is Harming Our Young Men", The Cultural Cold War: The CIA and the World of Arts and Letters, Bob Feldman, "Alternative Media Censorship sponsored by CIA's Ford Foundation?". Inside Philanthropy, July 6, 2021. The Class A stock would be willed to the Ford Foundation, while the Class B stock would be retained by the Ford family to ensure family control of Ford Motor Company. With the support of Eleanor Roosevelt, the Ford Foundation was persuaded to give the Fighting Group a grant of $150,000. [62], In 2007, the Ford Foundation co-founded the independent Native Arts and Culture Foundation by providing a portion of the new foundation's endowment out of the Ford Foundation's own. [40] This event, now known as The Emergency, was celebrated at the time by former president of the World Bank Robert McNamara: At long last, India is moving to effectively address its population problem. [41].
[29], In 2015, the foundation announced a radical re-orientation to focus towards ways of reducing inequality. Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. It lasts as long as the program officer who had an interest and then goes away" and recommended that an independent endowment be established and that "[n]ative leadership is crucial". [38], In June 2021, the Biden administration announced a program to combat rising gun violence and violent crime using a collaborative composed of government and nonprofit organizations funding community violence intervention (CVI) measures. Senator Daniel Patrick Moynihan (D-N.Y.) credits the Gray Areas program with being the intellectual inspiration for the Job Corps, Head Start, and Volunteers in Service to America (now part of AmeriCorps). A Legacy of Social Justice. Ford Foundation.
Responding to the changes, the Ford Foundation shifted from funding large-scale welfare reform programs to smaller ones.
Based on public records. [55], In April 2011, the foundation announced that it will cease its funding for programs in Israel as of 2013.
United States, Africa, Latin America, Middle East, Asia.
Over the past 5 years, revenues have fallen by an average of (1.1%) each year. [44][46] In 1974, the foundation contributed funds to the Southwest Voter Registration Education Project[47] and the Latino Institute. The Time of Vasectomy: How American Foundations Fueled a Terrible Atrocity in India. Vox.
The results of this research indicated "the inadequacy of philanthropic support for Native arts and artists", and related feedback from an unnamed Native leader that "once big foundations put the stuff in place for an Indian program, then it is not usually funded very well. Our money was made in Detroit, Walker told Quicken Loans billionaire Dan Gilbert in a 2016 interview at the Detroit Institute of Arts. In the 1950 Report of the Study of the Ford Foundation on Policy and Program, the trustees set forth five "areas of action," according to Richard Magat (2012): economic improvements, education, freedom and democracy, human behavior, and world peace.
[33], Under its "Program for Playwrights", the foundation helped to support writers in professional regional theaters such as San Francisco's Actor's Workshop and offered similar help to Houston's Alley Theatre and Washington's Arena Stage. Based in West Berlin, the Fighting Group undertook a range of missions in the East Zone, ranging from intelligence gathering to sabotage.
Pensacola protests: Dream Defenders block traffic on Pensacola Bay Bridge, confront mayor., Dream Defenders Protest Miami Worldcenter., Rachmuth, Sloan. CVI treats violence as a communicable disease rather than a violent crime and attempts to stop the spread of violence. The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. [33][34][35] The foundation has also given financial support to Dream Defenders, a group that practices various forms of disruptive protesting such as blockading bridges and threatening to incite civil unrest.
8994.). Time for Ford Foundation & CFR to Divest? [31] These grants continued, and in 1969 the foundation gave US$1 million to the Children's Television Workshop to help create and launch Sesame Street.
As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 years. The trend accelerated during the tenure of former Kennedy and Johnson administration National Security Advisor McGeorge Bundy, who served as Ford Foundation president between 1966 and 1979. This design concept was used by others for many of the indoor shopping malls and skyscrapers built in subsequent decades.
Im just suggesting to the trustees and the staff that the system that makes the foundation possible is very much worth preserving.[7], The Ford Foundation, freed from any restrictions on how its vast wealth should be spent, has gone through several phases in its spending.