Published in Barron’s
By Fang Block
Several major foundations have joined forces to launch an emergency fund—with an initial commitment of $7.1 million—to aid communities throughout the US most devastated by the COVID-19 crisis.
The foundations—including the Ford Foundation, Schmidt Futures, Open Society Foundations, the JPB Foundation, W.K. Kellogg Foundation, the Annie E. Casey Foundation, and Amalgamated Foundation—aim to raise $20 million for the Families and Workers Fund, officially launched on Wednesday.
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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