The Ford Foundation, one of the world’s largest grantmakers, will throw more weight behind democracy
Published in the Associated Press
By James Pollard
The Ford Foundation, one of the world’s largest private grantmakers, will overhaul its spending to counter what new leadership views as the mutually reinforcing rise of both autocracy and inequality.
The New York-based philanthropy committed Thursday to driving more funds toward the basic building blocks of democracy. The new strategic direction comes less than one year into Ford Foundation President Heather Gerken’s tenure at the helm of the social justice funder’s $18 billion endowment. In a report to trustees, Gerken — widely recognized as a leading expert on constitutional law and elections — framed the changes in the context of an “emboldened strain of 21st-century authoritarianism.”
Read more in the Associated Press
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The Ford Foundation
The Ford Foundation is an independent organization working to address inequality and build a future grounded in justice. For 90 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 $18 billion, the foundation has headquarters in New York and 10 regional offices across Africa, Asia, Latin America, and the Middle East. Learn more at www.fordfoundation.org.
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