The Markup has already made waves with tools like Citizen Browser, a custom web browser that measures how disinformation travels across social media platforms and Blacklight, a website privacy inspector which uncovers the third-party user-tracking technologies that businesses are using on their sites. The Ford Foundation has announced plans to commit up to $1 billion of its $12 billion endowment over ten years to mission-related investing the largest commitment to MRIs by a private foundation to date. Ford Foundation has made 17 investments. When the investment is from Ford Foundation the average startup value is 100-500 millions dollars. For example, our portfolio has lower liquidity requirements than a traditional endowment, which allows more capital to be invested in higher-earning illiquid asset classes rather than highly liquid, lower-risk, lower-yield securities and bank accounts. Throughout the 1950s, the foundation provided arts and humanities fellowships that supported the work of figures like Josef Albers, James Baldwin, Saul Bellow, Herbert Blau, E. E. Cummings, Anthony Hecht, Flannery O'Connor, Jacob Lawrence, Maurice Valency, Robert Lowell, and Margaret Mead. Philanthropic and corporate leaders join Biden-Harris Administrations call to invest in underserved communities, The BUILD Program - Flexible Long-Term Funding, How the Ford Foundation uses grants to tackle inequality, What the evolution of gender can teach us about equality, Ford Foundation: frontline organizations and private/public partnerships hold keys to global COVID-19 recovery, Private-Equity Giants Back New Nonprofit Promoting Employee Ownership, Our democracy will be at risk if the average worker doesnt trust their employer, says Ford Foundations Walker, 99 percent of the $71 trillion in assets under management, Global Impact Investing Network estimates, half of the worlds population does not have access to essential health services. Darren Walker, Non-Profit & For-Profit Leaders Form Novata, a New Technology Platform Designed to Streamline ESG Reporting Across the Private Markets The overall number of key employees were 8. Determine the objective of the portfolio. FORD FOUNDATION recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.. This video is displayed using Able Player, a fully accessible media player. LinkedIn sets the lidc cookie to facilitate data center selection. The Internal Revenue Service defines certain business and nonprofit activities as qualifying charitable program-related investments, and we use our PRI capital to invest in entities that advance the public welfare. Our Mission Investments are overseen by a committee of the foundations board, which is 60% women and 60% people of color. Our team includes four investment professionals, one investment operations professional, and one senior program officer, whose collective backgrounds include investing, corporate finance, investment banking, law, general management, and investment accounting and reporting. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. We aim to increase the number of strong, sustainable companies that treat employees as investments rather than expenses with the goal of improving job quality, operational productivity, and bottom-line performance. . We don't import or message your contacts, nor post on your behalf. Throughout his career, Swan has been committed to enhancing the quality of life in low-income neighborhoods. 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. Wrongful Conviction with Maggie Freleng. James Armsey oversaw the formation of educational television at the Foundation in the 1950s and 1960s. Submitters are 7x more likely to receive a qualified connection. The Ford Foundation, which has a $13.7 billion endowment, plans to distribute the newly raised money over the next two years, effectively increasing the percentage of its endowment that it pays . Its trustees were a cross-section of the corporate and developer elites of the day; the Ford Foundation immediately gave ACTION $250,000 ($1.8 million in 2005 dollars) for its research program. Roy links the Ford Foundation's establishment of an economics course at the Indonesian University with aligning students with the 1965 coup that installed Suharto as president. Were delighted to have Roy on board, said Xavier Briggs, vice president of Economic Opportunity and Markets at Ford. It garnered the attention of The New York Times and even Harvard professors, who came knocking on our door with a request to study this historic initiative as part of the Business Schools curriculum. Based on recommendations made by the Gaither Study Committee and embraced by the foundation's board of trustees in 1949, the foundation expanded its grant making to include support for higher education, the arts, economic development, civil rights, and the environment, among other areas. But in the announcements bright glow and high hopes that Ford could prove generating financial returns and social impact is possible, we also encountered some skepticism that our goal was little more than a pipe dream. How can Public Interest Tech change our world for good? We believe investors, elected officials, policymakers, society, and the companies themselves all benefit when a companys costs and benefits to employees, taxpayers, and the planet are well understood. Vice President and Chief Investment Officer, director of Arch Capital Group, Ltd., Harvard Management Company, and Makena Capital Management, LLC, Ford CIO profiled in Chief Investment Officer magazine, International Cooperation and Global Governance, Ford Foundation Center for Social Justice. 1. Based in West Berlin, the Fighting Group undertook a range of missions in the East Zone, ranging from intelligence gathering to sabotage. He was appointed to his current post in 2009.Prior to joining the foundation, Eric practiced corporate finance, mergers and acquisitions, and international law with the New York firm of Paul, Weiss, Rifkind, Wharton & Garrison. The Ford Foundation is an independent organization working to address inequality and build a future grounded in justice. [44] The same year, the Puerto Rican Legal Defense and Education Fund opened with funding from numerous organizations, including the foundation. The main department of described Corporate Investor is located in the New York. We invest with fund managers to develop and preserve affordable, high-quality rental housing in communities across the nation that will provide stable housing for low- and middle-income earners and financial returns for investors. Over the years, the Ford Foundations grantsdrawn entirely from returns on its endowmenthave helped improve hundreds of millions of lives through social sector innovations such as the Green Revolution, microfinance, public-private partnerships in cities, legal aid, and the creation of public broadcasting and Sesame Street, as well as support for history-changing movements such as the civil rights and womens movements in the US, the fight against apartheid in South Africa, and the protection of human rights dissidents and defenders in Latin America in the 1970s and in the Soviet Union in the 1980samong many other achievements. Third, we are currently living through a period of high inflation, rising interest rates, and slowing growth. the ford foundation is one of the primary foundations offering grants that support and maintain diversity in higher education with fellowships for pre-doctoral, dissertation, and post-doctoral scholarship to increase diverse representation among native americans, african americans, latin americans, and other under-represented asian and latino So I was intrigued when I read news reports about the Ford Foundation and four other philanthropies increasing the annual amount they distribute by borrowing $1.7 billion, which Ford got started by selling $1 billion in bonds at the end of last month. Ford Foundation invests over $4M to support social justice documentary film projects in 2022, Ford Foundation invests over $4M to support social justice documentary film projects in 2022. International Cooperation and Global Governance, Ford Foundation Center for Social Justice. 2020 Audited Financial Statements and Footnotes 23 June 2021 Download pdf 1.53 MB The foundation's highest priority is to ensure that our grantees have the resources necessary to address today's most pressing social justice challenges. While were still new players in the section, our results have inspired us to not only keep investing but to continue to learn as we goand share what we learnto motivate others and invite their collaboration as impact investing grows. Our primary focus is supporting fund managers who can identify and scale up companies through sustainable fintech solutions. [49], Between 1969 and 1978, the foundation was the biggest funder for research into in vitro fertilisation in the United Kingdom, which led to the first baby, Louise Brown born from the technique. Our grants / Ford Foundation Our grants Funding to fight inequality. The grants from the foundation are roughly a third of NIF's donor-advised giving, which totals about US$15 million a year. Among the various public portfolio startups of the fund, we may underline Macro, Macro, Univision Communications. In 1968, the Ford Foundation board of trustees authorized a $10 million experiment. [45] In 1972, the foundation provided a three-year US$1.2 million grant to the Native American Rights Fund. The Ford Foundation, one of the largest private foundations in the United States, announced Monday that it will divest millions from fossil fuels, following similar investment decisions. [63], John J. McCloy, the architect of Office of Strategic Services that would later become Central Intelligence Agency served as the chairman of the Ford Foundation. of the corpus for these investments. 2. [32], The foundation underwrote the Fund for the Republic in the 1950s. This effort has the potential to reach hundreds of millions of people who are increasingly interested in ensuring their daily purchases, investments, and employment decisions create positive impact in society. [34], In its commitment to help population control, the excessive growth of human population, the foundation has donated a lot of money in the Post World War II, especially in the 60s and 70s in both government and non-government contraceptive initiatives. LinkedIn sets this cookie to remember a user's language setting. For over eight decades their mission decisively advocates and supports the reduction of poverty and injustice among other values including the maintenance of democratic values, promoting engagement with other nations, and sustaining human progress and achievement at home and abroad. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. In 1951, the foundation made its first grant to support the development of the Public Broadcasting Service (PBS), then known as National Educational Television (NET), which went on the air in 1952. Kellogg Foundation has announced a partnership with Progress Investment Management Company LLC to develop an emerging manager program that will actively support and cultivate smaller, entrepreneurial, high-potential investment management companies.W.K. LinkedIn sets this cookie to store performed actions on the website. We are making this commitment because we believe MRIs have the potential to become the next great innovation for advancing social good, said Darren Walker, president of the Ford Foundation. The Ford Foundation is an independent, nonprofit grant-making organization. During this time, from 2000 to 2009, he was director of Private Equity Investments, managing the foundations investments in private equity, venture capital, growth equity, distressed investments, and hedge funds. A perpetual foundation must generate financial returns over the long term that amount to our spend rate plus inflation, a figure that has hovered between 7-8% over the last few decades. The main department of described Corporate Investor is located in the New York. We take a three-pronged approach to impact investing: We make grants to build and strengthen the infrastructure of impact investing to shape the broader capital markets by sharing best practices, forming trade associations, and more. Ford Foundation320 E 43rd StNew York, NY 10017USA. The foundation awards 130 to 140 fellowships annually, and there are 4,132 living fellows. maintaining the purchasing power of its portfolio, so its investment objective is to earn 5.3% plus the rate of inflation. In 2011, right wing Israeli politicians and organizations such as NGO Monitor and Im Tirtzu claimed the NIF and other recipients of Ford Foundation grants supported the delegitimization of Israel. The Ford Foundation is one of the world's most impactful philanthropies, and we have been proud to provide support to programs that further its mission, which aligns closely with the values and principals that guide and shape our work. NPORT-P false 0001607997 XXXXXXXX Nuveen Minnesota Quality Munic Vanguard refers to these types of assets as short-term reserves. According to Forbes, "Ford spends between $500 million and $550 million a year to support social justice work around the world. 2023 Ford Foundation, some rights reserved. We are applying what we have learned from PRIs to inform the way we approach mission-related investing. First, we plan to invest more capital in quality jobs. Program officers in the United States, Africa, the Middle East, Asia, and Latin America explore opportunities to pursue the foundation's goals, formulate strategies and recommend proposals for funding. The board of directors decided to diversify the foundation's portfolio and gradually divested itself of its substantial Ford Motor Company stock between 1955 and 1974. We started with two areas of investment: affordable housing focused on multifamily rentals in the U.S. and financial inclusion in the Global South. Our financial inclusion fund managers have reached over 76 million consumers in emerging markets, helping to provide them access to savings, remittance, insurance and other financial products. This cookie is installed by Google Analytics. Like any investment, our portfolio is not immune to market forces and we expect it to fluctuate in value over time. The commitment is one of the largest ever made to MRIs, and the largest by a private foundation. The W.K. Ford Foundation has 5 strategic partners and customers. At the end of 2021, our team was 100% diverse across race and gender. [72] Spanish judge Francisco Serrano Castro made similar claims to Sommers in his 2012 book The Dictatorship of Gender. [4] This divestiture allowed Ford Motor to become a public company. Largest commitment of its kind by a private foundation; MRIs to be phased in over 10 years. This Ford Foundation works on 15 percentage points less the average amount of lead investments comparing to the other organizations.For fund there is a match between the location of its establishment and the land of its numerous investments - United States. At least half of the worlds population does not have access to essential health services. We wish him all the best and look forward to seeing the great work to come out of the Ford Foundation in this important area.. One thing weve both learned in our decades of working on wrongful conviction cases is that shining a bright light on these stories can have a profound impact. [43], Beginning in the late 1960s and continuing through the 1970s, the foundation expanded into civil rights litigation, granting $18 million to civil rights litigation groups. Ahead of the foundation selling its Ford Motor Company holdings, in 1949, Henry Ford II created the Ford Motor Company Fund, a separate corporate foundation that to this day serves as the philanthropic arm of the Ford Motor Company and is not associated with the foundation. Their latest investment was in Appalachian Community Capital as part of their Grant - II on December 12, 2022. [51][52], In 1987, the foundation began making grants to fight the AIDS epidemic[53] and in 2010 made grant disbursements totalling US$29,512,312. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia. (The Ford family retained the voting shares. Ford has invested $10 million with HCAP Partners, a private equity firm with a double bottom- line approach: generating market-rate returns and improving job quality. Lava for Good creates standout original content, podcasts, and experiences, amplifying the voices of contemporary social justice champions and inspiring action towards a more informed, empathic, and just society. Capria, a global investment firm with the one of the largest networks of fund managers, works to deliver superior returns in emerging and frontier markets using flexible capital, advanced investment systems, and deep partnerships. Individuals like Edsel Ford, son of Henry Ford, who created the Ford Foundation with an initial endowment of $25,000. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Their latest portfolio exit was BeneStream on December 18, 2019. You bear the whole responsibility,related to their substance, content and the fact of publication. Founded by former Google and Uber leaders, Argo AI is bringing together . The enormously influential billionaire escaping the Big Media's critical eye is Henry Ford, the Ford Foundation, and the people spending the fortune left by the auto pioneer. 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. Swan will lead a dedicated team managing the portfolio announced in April, when Ford committed to invest $1 billion over the next ten years in mission-related investments (MRIs). For videos where visuals require additional understanding, we offer audio-described versions. The fund has exact preference in a number of founders of portfolio startups. [74], The foundation's partnership with the New Israel Fund (NIF), which began in 2003, was criticized regarding its choice of mostly progressive grantees and causes. For fiscal year 2014, it reported assets of US$12.4 billion and approved US$507.9 million in grants. Senior Program Officer, Mission Investments, Mission Investments Officer, Mission Investments, International Cooperation and Global Governance, Ford Foundation Center for Social Justice, Ford Foundation Announces Additional $10M Investment in Appalachian Community Capital (ACC), Two years on, foundations stand by issuing bonds in pandemic. Kellogg Foundation, The Libra Foundation, TLSG.The top amount of exits for fund were in 2019. He is responsible for managing the foundations investment portfolio.Eric joined Ford in 1989 as resident counsel, working closely with the investment team. The foundation is governed by a fifteen-member board of trustees that sets policies related to grantmaking, geographic focus, spending, investment, management, governance and professional standards, internal more Contact Information Website www.fordfoundation.org Year Founded 1936 Commitment Size 00000 Open To Secondaries 0000 We also acknowledge that our portfolio cannot be compared with traditional endowment portfolios. Sources of support and patterns of expenditure", "30 years of AIDS Looking back at the Philanthropic Response", "U.S. Philanthropic Support to Address HIV/AIDS in 2010", "Ford Foundation, Big Funder of Israeli NGOs, Pulling Out", "Ford Foundation to raise $1B for coronavirus-hit nonprofits: Report", "Warner Bros. Issues Apology After 'The Witches' Faces Backlash From Disability Community | Hollywood Reporter", "Ford, Mellon Foundations Initiate Disability Futures Fellows, Awarding $50,000 to 20 Artists", "How The Ford Foundation Is Investing In Change", "Ford Foundation Outlines New Grantmaking Approach", "Native Arts and Cultures: Research, Growth and Opportunities for Philanthropic Support", The CIA and the Cultural Cold War Revisited, "The Cultural Cold War: The CIA and the World of Arts and Letters", "Washingtonpost.com: The War Against Boys: How Misguided Feminism Is Harming Our Young Men", The Cultural Cold War: The CIA and the World of Arts and Letters, Bob Feldman, "Alternative Media Censorship sponsored by CIA's Ford Foundation?". Decentralization in Ocean HillBrownsville led to the firing of some white teachers and administrators, which provoked a citywide teachers' strike led by the United Federation of Teachers. We are continuing to make videos produced prior to 2020 accessible. Second, our performance was achieved during a period of extraordinarily favorable market conditions. To reduce poverty and injustice, strengthen democratic values, promote international cooperation, and advance human achievement. [25][26] In February 2019, Henry Ford III was elected to the Foundation's Board of Trustees, becoming the first Ford family member to serve on the board since his grandfather resigned in 1976. Ford Foundation320 E 43rd StNew York, NY 10017USA. To learn more about the Ford Foundations commitment to mission-related investing, click here to view Mr. Walkers letter titled Unleashing the Power of Endowments: The Next Great Challenge for Philanthropy.. Our diversity is a great strength because it brings a range of experience, points of view, and networks that facilitate our ability to source and attract a wide array of investment opportunities, especially diverse fund managers. In 2019, The Markup welcomed Nabiha Syed as the organizations first president, in advance of the publications launch in February 2020. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. "[62] The Ford Foundation seeks to address "the underlying causes that perpetuate human suffering" to grapple with and intervene in "how and why" inequality persists. But last year, it also pledged to plow up to $1 billion of its overall $12.5 billion endowment over the next decade into impact investing via mission-related investments (MRIs) that generate both financial and social returns. We provide dozens of additional datapoints about this fund. The foundations overall goals with its mission-related investments are to deliver significant mission impacts over the long-term while seeking to achieve a total return consistent with prudent risk taking. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. With the support of Eleanor Roosevelt, the Ford Foundation was persuaded to give the Fighting Group a grant of $150,000. The Foundation received its last donation from the Ford (Motor Company) family in 1947 and does not . All our content may be republished or reused for free, except for most photographs, illustrations, and videos. Ford Foundation320 E 43rd StNew York, NY 10017USA. [12], The Ford Foundation is one of the primary foundations offering grants that support and maintain diversity in higher education with fellowships for pre-doctoral, dissertation, and post-doctoral scholarship to increase diverse representation among Native Americans, African Americans, Latin Americans, and other under-represented Asian and Latino sub-groups throughout the U.S. academic labor market. We aim to influence and mobilize a wide spectrum of capital providersfrom institutional investors to banks to retail investorsto develop a more inclusive form of capitalism and create a more economically just world. The board of trustees then commissioned the Gaither Study Committee to chart the foundation's future. The sector, however, is still young and requires additional infrastructure to support larger, more mainstream investors. Gates for its part has earmarked $1.5 billion for program-related investments. Kellogg Foundation has announced a partnership with Progress Investment Management Company [39][40][41][42], In 1968, the foundation began disbursing $12 million to persuade law schools to make "law school clinics" part of their curriculum. Ford Foundation recently partnered with S&P Global on October 10, 2021. We are active in the US and across the Global South. Ford Foundation has 1 portfolio exit. Third, we aim to support efforts to identify and quantify the externalities companies contribute to society. Business as usualthe singular focus on short-term profitability that has often come at the expense of communities, workers, and the environmentcan no longer continue. An externality can be a positive or a negative. The intent is to make financial returns with PRIs as well, but under IRS guidelines, PRIs must meet a charitable standard rather than the more demanding rules that aim to discourage jeopardizing investment.
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