Devex: Ford Foundation puts the grantee "in the driver's seat"
Published in DEVEX | OCTObeR 4, 2019
Q&A: Ford Foundation puts the grantee 'in the driver's seat'
By Catherine Cheney
NEW YORK — The Ford Foundation is dedicating nearly half of its grantmaking to larger, flexible, longer-term grants—and not telling grantees how to spend the money. The approach “gets you great results, is feasible, and will lead to substantially better relationships with your grantee partners,” according to Kathy Reich, who leads the foundation’s BUILD initiative.
BUILD, launched in 2016, is a $1 billion, five-year effort to support social justice organizations around the world. The initiative takes a new approach to grantmaking as part of an effort to invest in the long-term capacity and sustainability of organizations working to reduce inequality.
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The Ford Foundation is an independent, nonprofit grant-making organization with assets currently valued at $16 billion. For more than 85 years it has worked with courageous people on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia.