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Ford Foundation Annual Report 1998
Mission
Statement
The Ford
Foundation is a resource for innovative people and institutions
worldwide. Our goals are to:
-
Strengthen
democratic values,
-
Reduce poverty
and injustice,
-
Promote
international cooperation, and
-
Advance human
achievement.
This has been
our purpose for almost half a century.
A fundamental
challenge facing every society is to create political, economic and
social systems that promote peace, human welfare and the
sustainability of the environment on which life depends. We believe
that the best way to meet this challenge is to encourage
initiatives by those living and working closest to where problems
are located; to promote collaboration among the nonprofit,
government and business sectors, and to assure participation by men
and women from diverse communities and at all levels of society. In
our experience, such activities help build common understanding,
enhance excellence, enable people to improve their lives and
reinforce their commitment to society.
The Ford
Foundation is one source of support for these activities. We work
mainly by making grants or loans that build knowledge and
strengthen organizations and networks. Since our financial
resources are modest in comparison to societal needs, we focus on a
limited number of problem areas and program strategies within our
broad goals.
Founded in
1936, 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 inception it has been an
independent, nonprofit, nongovernmental organization. It has
provided more than $9.3 billion in grants and loans. 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 Trustees of
the Foundation set policy and delegate authority to the president
and senior staff for the Foundation's grant making and operations.
Program officers in New York, and in offices in Africa and the
Middle East, Asia, Latin America and Russia, explore opportunities
to pursue the Foundation's goals, formulate strategies and
recommend proposals for funding.