Ford Foundation Announces its New Grantmaking Strategy, FordForward
Following a series of smaller updates this summer and fall, Ford Foundation's president Darren Walker officially announced over the weekend the details of FordForward, the foundation's new strategy for grantmaking. FordForward's significant changes include cutting and consolidating program areas, investing $200 million into strengthening institutions and networks, and increasing overhead support to align more closely with grantee realities. According to The Chronicle of Philanthropy, this announcement is part of a movement of foundations devoting more of their work to addressing inequality. The foundation's size and influence of $21.1 billion in assets makes their grantmaking shift a significant one with both the challenges and potential impacts that come with these changes.