[51], In 2007, the Ford Foundation co-founded the independent Native Arts and Culture Foundation by providing a portion of the new foundation's endowment out of the Ford Foundation's own. In 2005, Michigan Attorney General Mike Cox began a probe of the foundation. Martin Eakes is the CEO of the Center for Responsible Lending, which describes itself as a “nonprofit, nonpartisan research and policy organization” working to eliminate predatory lending practices. And the Labor Community Strategy Center doesn’t want the fight to end there. It has been vital in identifying in-country scientists at the very early stages of their careers and providing targeted support to enable them to achieve their goal of making a difference in terms of conservation. Ford Motor Company Fund supports initiatives and nonprofit organizations in three areas: education, community life and driving safely. The foundation has fallen a few places in those lists in recent years, especially with the establishment of the Bill and Melinda Gates Foundation in 2000. These grantees used Ford funds (including some grants of over $5 million) to successfully block efforts to check the growth of affirmative action in Michigan and other sta… The Ford Family Foundation is a private, non-profit foundation with headquarters in Roseburg, Oregon. The company bragged that it had, “facilitated the extension of more than $3.6 billion in financing for home mortgages and loans.”  Its generous donors included “The Ford Foundation” as part of their effort to “provide a staggering $50 million to subsidize minority and low-income mortgages.”, The Sandlers have since become two of the most vilified faces of the financial crisis due to the fact that they marketed, “risky loans at the height of the housing bubble.” Housing lawyer William Purdy told the New York Times that Pick-A-Pay “is the most destructive financial weapon ever deployed against the American middle class.”, Prior to the collapse of the housing bubble, the Sandler’s sold their bank (along with subprime mortgage portfolio) to Wachovia. Apply for Grants. [8] For many years, the foundation's financial endowment was the largest private endowment in the world; it remains among the wealthiest. The foundation was established January 15, 1936 in Michigan by Edsel Ford (president of the Ford Motor Company) and two other executives "to receive and administer funds for scientific, educational and charitable purposes, all for the public welfare." In 2003, the foundation was critiqued by US news service Jewish Telegraphic Agency, among others, for supporting Palestinian nongovernmental organizations that were accused of promoting antisemitism at the 2001 World Conference Against Racism. Time for Ford Foundation & CFR to Divest? In the 1950 Report of the Study of the Ford Foundation on Policy and Program, the trustees set forth five "areas of action," according to Richard Magat (2012): economic improvements, education, freedom and democracy, human behavior, and world peace. [45], In June 2020, Ford Foundation decided to raise $1 billion through a combination of 30 and 50- year bonds. VI. The final cohort has been selected, and the program will conclude in 2013. The Knight Foundation… The committee, headed by California attorney H. Rowan Gaither, recommended that the foundation become an international philanthropic organization dedicated to the advancement of human welfare and "urged the foundation to focus on solving humankind's most pressing problems, whatever they might be, rather than work in any particular field...." The report was endorsed by the foundation's board of trustees, and they subsequently voted to move the foundation to New York City in 1953. [3][21][22] The Ford Foundation's first international field office opened in 1952 in New Delhi, India. Herb and Marion Sandler are credited with inventing “Pick-A-Pay Loans,” which “allowed homeowners to make monthly mortgage payments that were so small they did not cover their interest charges. Groups like the Ford Foundation, Borealis Philanthropy, and Democracy Alliance tend to establish large funds that are disbursed to many smaller organizations, chapters, and individual activists. In the last 10 years, the Ford Foundation’s overhead has totaled over a billion dollars. The Ford Foundation was originally funded by bequests of Ford Motor Company stock from the estates of Henry and Edsel Ford. Ford also funds activist groups, such as the Leadership Council on Civil Rights, that keep the pressure on the U.S. Senate to block confirmation of many of President Bush’s nominees to the federal bench. Most of America’s big-money philanthropies trace their largesse back to one or two wealthy contributors. In the course of 9 years, the FALN would set off nearly 140 bombs. Join us. Spencer Foundation. The dividends of competitive enterprise make it all possible. [33], In 1968, the foundation began disbursing $12 million to persuade law schools to make "law school clinics" part of their curriculum. 24 on the Forbes 2018 World's Most Innovative Companies list, the Ford Foundation utilized its endowment to invest in innovative and sustainable change leadership shifting the model of grant-making in the 21st century. When Baer arrived home, he had to fight through the mob of protestors just to get inside his home and ensure his son was safe. 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. The Council on Foundations defines a family foundation as one whose funds come from members of a single family. Reverse the MTA fare increases, free student pass, free public transportation, 5,000 zero emission buses, a moratorium on rail and highway expansion, auto free zones, auto free freeways, auto free days, bus only lanes all over L.A.”. While Henry Ford continues to personify the wealth and innovation that is consistently produced by free markets, the Ford Foundation has deeply betrayed his legacy by promoting an entirely opposing agenda. [40], 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. [62], The foundation's partnership with the New Israel Fund, which began in 2003, was frequently criticized regarding its choice of mostly liberal grantees and causes. The Ford Foundation is located in New York City at the Center for Social Justice—a hub for social good and the courageous people who devote their lives to achieving it.
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