Published in Yahoo Finance
By Darren Walker
Darren Walker, president of the Ford Foundation, loves the athletic competition of the Olympics as much as anyone. But as someone keenly aware of economic disparity, he also sees a somewhat less appealing side of the Olympics.
With some $12.6 billion in assets—making it the nation’s second largest foundation after the Bill & Melinda Gates Foundation—the Ford Foundation under Walker has been shifting its focus to addressing and alleviating income inequality around the world. And as the world’s attention has turned to the Olympics in Brazil, Walker spoke to me about the Games.
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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