Business & Economy
The $18 billion Ford Foundation is getting its biggest overhaul since 2015 to fight autocracy—with about $700 million in grants expected in 2027
Less than a year after leaving Yale Law School to run one of the wealthiest private foundations in the U.S. , Heather Gerken is putting her stamp on the Ford Foundation and its $18 billion endowment .
AI Summary
Heather Gerken, who left Yale Law School less than a year ago to head the Ford Foundation, unveiled a new strategy that reshapes the 90‑year‑old grantmaker around “preconditions for thriving democracies,” including the rule of law, trustworthy information and inclusive economies. The foundation, which manages an $18 billion endowment, presented the plan on Thursday. The shift is being described as the most significant strategic overhaul since 2015, when former president Darren Walker redirected the organization toward combating inequality.
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