United States

Afsaneh Beschloss Joins Ford Foundation Board of Trustees

New York, N.Y., April 12, 2002 - The election of Afsaneh Mashayekhi Beschloss to the Ford Foundation Board of Trustees was announced by Paul A. Allaire, chairman of the Board. Mrs. Beschloss, who will join the Board at its May 2002 meeting, is CEO and President of the Carlyle Asset Management Group, based in Washington, D.C. and New York. Formerly Treasurer and Chief Investment Officer of the World Bank, Mrs. Beschloss had earlier managed its Derivatives and Structured Products area and its Energy and Infrastructure projects in developing countries. Before joining the World Bank, she worked for J.P. Morgan in corporate finance in London and New York and for Shell International Group Planning in London. She taught International Trade and Economic Development at Oxford University, from which she holds an M.Phil. (Honours) in Economics. Mrs. Beschloss is a Trustee of the Colonial Williamsburg Foundation and WETA public television in Washington, D.C. and a member of the Board of Directors of Temple-Inland, Inc. The Ford Foundation, established in 1936, is a private, nonprofit institution that serves as a resource for innovative people and institutions worldwide. Its goals are to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. A national and international philanthropy, the Foundation has provided more than $11 billion in grants and loans worldwide and has current assets of some $11 billion. The Ford Foundation maintains headquarters in New York, offices in Africa, the Middle East, Asia, Latin America, and Russia.

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The Ford Foundation is an independent, nonprofit grant-making organization. For more than half a century it has been a resource for innovative people and institutions worldwide, guided by its goals of strengthening democratic values, reducing poverty and injustice, promoting international cooperation and advancing human achievement. With headquarters in New York, the foundation has offices in Africa, the Middle East, Asia, Latin America, and Russia.