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The Edward E. Ford Foundation

Profile

Last Updated: 2016-07-17

At A Glance

The Edward E. Ford Foundation

26 Court St., Ste. 2200

Brooklyn, NY United States 11242-1122

Telephone: (718) 596-1950

URL: www.eeford.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2015-09-30)

Assets: $63,176,487

Total giving: $2,740,875

EIN

136047243

Background

Trust established in 1957 in NY - Edward E. Ford was the son of A. Ward Ford, who founded and developed a manufacturing business in Binghamton, NY which ultimately became a part of International Business Machines Corporation. Mr. Ford was educated at the Mercersburg Academy and Princeton University. Over the course of his life, he served IBM in various capacities and was also engaged in a number of independent business enterprises in St. Louis and in FL. At the time of his death, and for many years prior thereto, he was a member of the board of directors of IBM. Mr. Ford established the Edward E. Ford Foundation with a relatively small gift in 1957, but the foundation really commenced operation some three years later when he transferred a much more substantial amount of property to it, rounded out its board by the appointment of several additional members, and began to work actively with the board to develop a program directed towards his major objective of improving the quality of secondary schooling focusing exclusively on independent education. By the terms of his will, a major part of his entire fortune passed to the foundation.

Purpose and Activities

Grants for independent secondary education only. Independent secondary schools must hold full and active membership in National Association of Independent Schools to be eligible for consideration.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Matching Grants for Schools

The resources of the foundation are devoted to the assistance of independent secondary education. As a matter of board policy, a school will be considered for a grant only if it is a full and active member of the National Association of Independent Schools (NAIS). A grant is of one of two types: either an outright, which is immediate, or a matching grant. Matching grants are used with a view towards creating greater impact and broader results, particularly in attracting gifts from corporations as well as individuals. Applicants describe their projects and propose a matching ratio, asking the foundation to match dollars they raise in this stated ratio as they raise them. Matching challenges must be completed within one year of the date of the grant unless an alternative, later twelve month period is specifically described in the grant proposal and agreed to by matching period and for the specific purpose of meeting the matching challenge. If a distinct, focused effort is made to secure the matching funds, every dollar raised in the effort will count toward the match. On the other hand, if the matching dollars are raised as part of regular annual giving efforts, only the increase in a donor's giving from previous year may be counted. The foundation only matches cash gifts, not pledges.

State and Regional Associations of NAIS Grant Program

The foundation has initiated a pilot grant program to assist NAIS (National Association of Independent Schools) state and regional associations in funding professional development for teachers and administrators. Proposals will be considered which would assist an association in funding new initiatives and also for funding of significant enhancements of present programs. The foundation is particularly interested in activities which will become models for other associations.

Fields of Interest

Subjects
  • Education
  • Elementary and secondary education
  • Secondary education
Population Groups
  • Academics
  • Adolescents
  • Children and youth
  • Students

Financial Data

Year ended 2015-09-30

Assets: $63,176,487 (market value)

Gifts received: $550,000

Expenditures: $3,555,996

Total giving: $2,740,875

Qualifying distributions: $3,278,795