Grant Makers Including Ford Push for Sustained Puerto Rico Recovery Effort
Published in The Chronicle of Philanthropy | September 30, 2020
Grant Makers Including Ford Push for Sustained Puerto Rico Recovery Effort
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.
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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.