Published in The Chronicle of Philanthropy
By Alex Daniels
Twenty-one grant makers led by the Ford Foundation and Filantropia Puerto Rico have pledged to redouble their support of recovery efforts in Puerto Rico three years after Hurricane Maria barreled through the island.
Ford has committed $10 million to help rebuild. The money will come from some of the proceeds of Ford’s $1 billion social bond offering, which it announced in June.
Other grant makers joining Ford include organizations on the mainland, such as the Mellon, Surdna ,and Nathan Cummings foundations, Hispanics in Philanthropy, and organizations in Puerto Rico, such as Fundación Ángel Ramos, Fundación Banco Popular, and the Tintin Foundation.
The Ford Foundation
The Ford Foundation is an independent organization working to address inequality and build a future grounded in justice. For more than 85 years, it has supported visionaries on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. Today, with an endowment of $16 billion, the foundation has headquarters in New York and 10 regional offices across Africa, Asia, Latin America, and the Middle East.
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