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Ford Foundation Annual Report 1998







Economic Development Approved Grants and Projects, Fiscal Year 1998

The Economic Development unit administers program-related investments (PRI's) for all the Foundation's programs. PRI actions, which totaled $13 million, are listed on page 65.

United States and Worldwide Programs

Employment generation
  • Accion International (Somerville, Mass.)
    $400,000
    For operating expenses for innovations in microenterprise development.

  • Accion International (Somerville, Mass.)
    $200,000
    To create an intermediary that will bring financial securities backed by microfinance loan portfolios to capital markets.

  • Aspen Institute (Queenstown, Md.)
    $2,000,000
    For a new research and development funding intermediary for microenterprise development.

  • Aspen Institute (Queenstown, Md.)
    $155,000
    For two international meetings of leaders in the field of development finance.

  • Association for Enterprise Opportunity (Chicago)
    $400,000
    To strengthen U.S. microenterprise and self-employment programs.

  • Association for Women in Development (Washington, D.C.)
    $150,000
    For the association's planning, administration and institutional development activities.

  • Credit Union Foundation (Madison, Wis.)
    $345,000
    To expand asset-building and financial services offered by U.S. credit unions to low-income people.

  • Friends of the Santa Fe Farmers Market (N.M.)
    $200,000
    To help establish a permanent farmers market.

  • Georgia Tech Foundation (Atlanta)
    $75,000
    For a feasibility study of a bonding company for minority contractors.

  • Home Care Associates Training Institute (Bronx, N.Y.)
    $475,000
    To create health care employment opportunities for low-income women.

  • International Bank for Reconstruction and Development (Washington, D.C.)
    $75,000
    To improve business development services for small enterprises in developing countries.

  • Media for Development International (Elkridge, Md.)
    $100,000
    For a television documentary on microenterprise credit programs.

  • National Federation of Community Development Credit Unions (New York)
    $400,000
    To strengthen capital growth and management capabilities of community development credit unions.

  • North Carolina Minority Support Center (Raleigh)
    $100,000
    To expand the center's capital support loan fund, which helps community development credit unions.

  • Northeast Entrepreneur Fund (Virginia, Minn.)
    $350,000
    For management assistance and loans to self-employed people and small businesses.

  • Peer Partnerships (Cambridge, Mass.)
    $400,000
    For a national network of microenterprise programs.

  • Taos County Economic Development Corporation (N.M.)
    $200,000
    For economic development projects in poor minority communities.

  • Wider Opportunities for Women (Washington, D.C.)
    $750,000
    For a project to increase the effectiveness of welfare and workforce development programs now devolved to state control.

  • Woodstock Institute (Chicago)
    $200,000
    For projects on financing economic development in low-income communities.

Research and policy
  • ABT Associates (Cambridge, Mass.)
    $300,000
    To evaluate individual development accounts.

  • Aspen Institute (Queenstown, Md.)
    $2,825,000
    For a policy program on social innovation in business and a related business education fund.

  • California, University of (Berkeley)
    $100,000
    For research on affirmative action programs in U.S. companies.

  • Center for Community Change (Washington, D.C.)
    $525,000
    For the center's Public Housing Initiative.

  • Center on Budget and Policy Priorities (Washington, D.C.)
    $155,000
    For analysis of housing, welfare and employment issues.

  • Coastal Enterprises (Wiscasset, Me.)
    $434,000
    To measure long-term changes in the economic status of participants in a job-creation program.