Major Foundations Commit $7.1 Million to Aid Workers and Families
Published in Barron's | APRIL 15, 2020
Major Foundations Commit $7.1 Million to Aid Workers and Families
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.
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The Ford Foundation is an independent, nonprofit grant-making organization. For more than 80 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.