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Ford Foundation

Profile

Last profile update: 09/26/2017
Last grant data update: 03/26/2016

At A Glance

Ford Foundation

1440 Broadway

New York City, NY United States 10018-2301

Telephone: (212) 573-5000

URL: www.fordfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

EIN

131684331

BRIDGE Number

2664274120

Background

Established in 1936 in MI - The foundation was created by the late Edsel Ford, president of the Ford Motor Company, with an initial gift of $25,000. Edsel's father, Henry, was the founder of the Ford Motor Company. The foundation operated as a local philanthropy in the state of Michigan until 1950, when it expanded to become a national and international foundation. Since its inception, it has been an independent, nonprofit, non-governmental organization and has provided more than $16 billion in grants and loans worldwide. These funds derive from an investment portfolio that began with gifts and bequests of Ford Motor Company stock by Henry and Edsel Ford. The foundation no longer owns Ford Motor Company stock, and its diversified portfolio is managed to provide a perpetual source of support for the foundation's programs and operations. The foundation is headquartered in New York and has 10 overseas offices in Asia, Africa and Latin America. The trustees of the foundation set policy and delegate authority to the president and senior staff for the foundation's grant making and operation. Grantmakers explore opportunities to pursue the foundation's goals, formulate strategies and recommend proposals for funding. The foundation has re-located to temporary offices at 1440 Broadway while its landmark headquarters building at 320 E. 43rd St. New York, NY 10017-4801 undergoes a renovation and restoration project. The renovation and restoration project is scheduled to be completed in 2018, at which point the foundation will return to its landmark headquarters building. When the building re-opens, it will not only meet city code for safety and accessibility, it will also be a contemporary work space that is collaborative, open, and green, and the foundation will strive to make the renovated building more environmentally sustainable, and will be pursuing LEED Gold certification.The grantmaker is a signatory to Philanthropy’s Promise, an initiative of the National Committee for Responsive Philanthropy (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement.

Purpose and Activities

The foundation will be shifting its grantmaking focus entirely on inequality. To address this, it will be working in fifteen program areas, grouped under seven headings: 1) Civic Engagement and Government; 2) Gender, Ethnic, and Racial Justice; 3) Equitable Development; 4) Inclusive Economies; 5) Internet Freedom; and 6) Youth Opportunity and Learning; 7) Creativity and Free Expression. The foundation will cut its support of several initiatives, including LGBT rights in the United States, direct cash transfers in Latin America, and micro finance. The foundation has an ongoing dialogue with its current portfolio of grantees about its evolving strategy. Those grantees that are being transitioned have been given final notice. The foundation is providing final grants to a number of those organizations. The foundation’s Board of Trustees has authorized the allocation of up to $1 billion of its endowment, to be phased in over 10 years, for mission-related investments (MRIs). .