Monday, July 20, 2015
Smart Donors Are Putting Nonprofits Back in Charge
So far, this has been a summer of political campaigning and stunning social change: hateful flags coming down, rainbow flags going up — and deeper meaningful conversations in the United States about the forces that still divide us.
Among those voices has been that of Darren Walker, president of the Ford Foundation and keeper of its $12-billion-plus endowment, who announced last month that the second-largest philanthropy in the nation will focus much of its grant making on inequality, aiming to use its capital to create a "social-justice infrastructure." This fits our changing times like a glove.
But so does Mr. Walker’s other major strategic shift: doubling Ford’s commitment to unrestricted grants for nonprofit operating support....