The Ford Foundation was founded on January 15, 1936 by the son of the founder of the Ford Motor Company, Edsel Ford.
During its early years, the foundation led by the Ford family members operated in Michigan. The foundation aimed to allocate resources for scientific, educational, and charitable purposes, all for the welfare of the public.
Today, the Ford Foundation is led by its 10th president, Darren Walker. They remain committed to advancing human welfare. The headquarters of the foundation is in New York City which supports all 50 states, and 10 regional offices worldwide which supports over 50 countries.
Their program continues to serve public welfare through strengthening democratic values, reducing poverty and injustice, and promoting international cooperation and advancing human achievement.
Two of the world's biggest foundations have decided to get out of the fossil fuel business, the New York Times reports.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.