A "renewed sense of philanthropic ambition"

The New York Times explores a shift in philanthropy toward making “big bets” in working to solve major social challenges. The Ford Foundation is highlighted for our recently announced focus on inequality. “Inequality brings a coherence that connects our work,” the foundation’s president, Darren Walker, told the paper. Details of the new approach will be revealed in the coming days, and Walker made it clear that the foundation will be looking “to finance causes that work to ease the underlying reasons for and conditions of inequality, rather than simply promoting worthwhile programs.”

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The Ford Foundation

The Ford Foundation is an independent, nonprofit grant-making organization with assets currently valued at $16 billion. For more than 85 years it has worked with courageous people 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. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia.