Alfred P. Sloan Foundation

Incorporated in 1934 in DE - Founded by the late Alfred P. Sloan, who was for many years the President and C.E.O. of General Motors Corp. He was active in the affairs of the foundation until his death in 1966. From 1934 to 1974, the foundation received gifts totaling about $182 million from him personally; from his estate and that of his wife's, Irene Jackson Sloan; and from New Castle Corp., their personal holding company. The foundation's funds are spent in two ways: 1) on programs and activities developed by foundation staff for which grants are awarded, usually on a competitive basis, to institutions; and 2) in response to unsolicited, competitively judged proposals.

Grants are made primarily to support original research and broad-based education related to science, technology, economic performance and the quality of American life. The foundation has a deep-rooted belief that carefully reasoned systematic understanding of the forces of nature and society, when applied inventively and wisely, can lead to a better world for all. In each of its grants programs, the foundation seeks proposals for original projects with a high expected return to society which are led by outstanding individuals or teams and for which funding from the private sector, government or other foundations is not yet widely available.