People

Board of Trustees

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Kofi Appenteng

Chairman, Board of Trustees

President, Africa-America Institute

New York, New York

Ursula, Burns, New York 2014-2015. Photo Credit: Simon Luethi ©Ford Foundation.

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Ursula M. Burns

Trustee

Executive Chairman, VEON

Norwalk, Connecticut

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Francisco G. Cigarroa

Trustee

Professor of Surgery, Director of Pediatric Transplantation, The University of Texas Health Science Center

San Antonio, Texas

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Amy C. Falls

Trustee

Chief Investment Officer and Vice President for Investments, The Rockefeller University

New York, New York

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Lourdes Lopez

Trustee

Artistic Director, Miami City Ballet

Miami, Florida

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Thurgood Marshall Jr.

Trustee

Partner, Morgan, Lewis & Bockius LLP

Washington, DC

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Paula Moreno

Trustee

President, Manos Visibles

Bogota, Colombia

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N. R. Narayana Murthy

Trustee

Founder, Infosys

Bengaluru, India

Peter, Nadosy, New York 2014-2015. Photo Credit: Simon Luethi ©Ford Foundation.

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Peter A. Nadosy

Trustee

Managing Partner, East End Advisors LLC

New York, New York

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Ai-jen Poo

Trustee

Director, National Domestic Workers Alliance

Chicago, Illinois

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Cecile Richards

Trustee

New York, New York

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Bryan Stevenson

Trustee

Founder, Equal Justice Initiative

Montgomery, Alabama

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Gabrielle Sulzberger

Trustee

General Partner, Fontis Partners

New York, New York

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Darren Walker

President, Ford Foundation

New York, New York

Ford Foundation trustees set policies relating to grant making, geographic focus, spending, investment, management, governance, and professional standards, and review the performance of the president. The Audit Committee of the board oversees internal and independent audits and sets the compensation of all officers.

Our Board of Trustees is currently composed of 14 members, including the president. Nominated by the Nominating and Governance Committee and appointed by the full board, trustees may serve up to two six-year terms. The board, board committees, and individual trustees are evaluated on a regular basis by the Nominating and Governance Committee.

Foundation trustees bring a vast range of knowledge and experience to the task of governing the foundation. Over the years, trustees have hailed from five continents, and they have extensive experience in the worlds of higher education, business, law, government, technology, health care, nonprofit management, the arts, and the civic sector.

The president

The trustees select the president, who implements board policies and oversees foundation programs and operations on a day-to-day basis. The trustees and the president, along with other senior staff, share the responsibility of representing the foundation in the public sphere. The president continually reexamines our work, looking for opportunities to hone our strategies and improve our effectiveness. The president meets with people around the world to help deepen the foundation's grasp of different perspectives on how to solve problems. In addition to overseeing operations, the president works to communicate what we have learned to a broad array of audiences and strives to strengthen the philanthropic sector's performance, legal compliance, and transparency.

The board's oversight of grant making

Our Board of Trustees determines the substantive areas and geographic focus of the foundation's grant making. Within the budget approved by the board, the foundation makes about 1,400 grants throughout the year. The board has delegated authority for approving these grants to the president and senior staff. However, all trustees serve on one of the board's three program committees, which help design program strategy. Membership on the committees rotates so that trustees serving two terms become steeped in the work of all three program areas and contribute to their development and assessment. The trustees review approved grants at their regular board meetings, which take place three times a year. During annual board program trips, trustees meet grant recipients in the U.S. and globally and learn about their work.

Trustee independence

The Ford Foundation places high value on the independence of our board members. We require that a majority of our trustees be independent and that all trustees serving on the Audit Committee meet a heightened independence standard. When the staff proposes that the foundation fund an organization with which a trustee, or the spouse, domestic partner, or child of a trustee, is affiliated as an officer, director, trustee, or employee, that grant must be reviewed and approved by the Audit Committee. The grant action document—which is reviewed and approved by management before submission to the Audit Committee—discloses the nature of the trustee affiliation and confirms that the trustee played no role in the initiation or negotiation of the grant.

Learn more about the foundation's governance policies.

Board Committees

Audit Committee
Ursula M. Burns Chair

Amy C. Falls

N. R. Narayana Murthy

Gabrielle Sulzberger
The Audit Committee assists the Board of Trustees with respect to financial reporting, internal control, and audits, and also supports the foundation’s process for monitoring its compliance with laws and regulations, the Trustee Code of Ethics, the Conflict of Interest Policy for Trustees and Officers, and the Whistleblower Policy. The Audit Committee appoints and manages the outside auditor. The committee also sets the officers’ compensation.
Executive Committee
Kofi Appenteng Chair

Ursula M. Burns

Francisco G. Cigarroa

Thurgood Marshall Jr.

Peter A. Nadosy

Darren Walker
The Executive Committee works with the foundation’s executive officers and acts for the board between board meetings. Trustee committees dedicated to specific topics meet regularly and guide foundation activities throughout the year.
Finance Committee
Francisco G. Cigarroa Chair

Paula Moreno

Peter A. Nadosy

Ai-jen Poo

Bryan Stevenson
The Finance Committee works to ensure that the board is fulfilling its oversight responsibilities. The committee makes recommendations on long-range financial plans, and also reviews and monitors the foundation’s spending policy and budget, including program and management appropriations and capital spending.
Investment Committee
Peter A. Nadosy Chair

Kofi Appenteng

Francisco G. Cigarroa

Amy C. Falls
The Investment Committee is responsible for formulating overall investment policies, subject to approval by the Board of Trustees, and establishing investment guidelines. The committee monitors the management of the portfolio for compliance with the investment policies and guidelines and for meeting performance objectives over time.
Mission-Related Investment Committee
Peter A. Nadosy Chair

Amy C. Falls

N. R. Narayana Murthy

Gabrielle Sulzberger
The Mission-Related Investment Committee will assist the Board of Trustees in developing and implementing an impact investing strategy for the foundation.
Nominating and Governance Committee
Thurgood Marshall Jr. Chair

Kofi Appenteng

Lourdes Lopez

Paula Moreno

Cecile Richards
The Nominating and Governance Committee helps identify and recommend candidates for board membership; helps review, develop, and enhance trustee orientation programs; and reviews the foundation's governance policies and procedures.
Program Committees
The Program Committees give the trustees an opportunity to deepen their knowledge of an area of the foundation’s overall program and to contribute to program development and assessment. There are two Program Committees: Inclusive Economies and Markets; and Democracy, Justice, and Free Expression.
Democracy, Justice, and Free Expression

Cecile Richards Chair

Francisco G. Cigarroa

Amy C. Falls

Lourdes Lopez

Thurgood Marshall Jr.

Ai-jen Poo

Bryan Stevenson
Inclusive Economies and Markets

N. R. Narayana Murthy Chair

Kofi Appenteng

Ursula M. Burns

Paula Moreno

Peter A. Nadosy

Gabrielle Sulzberger