Ford Foundation
- Assets
- $16.4b
- Revenue
- $925.6m
- Investments
- $13.9b
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1960
- Data as of
- 12/2022
- EIN
- 13-1684331
Organization Overview
Ford Foundation is located in New York, NY. The organization was established in 1960. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ford Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ford Foundation generated $925.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $972.6m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ford Foundation has awarded 37,734 individual grants totaling $9,088,260,712. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
BUILD PROGRAM YIELDS LEARNING FOR GRANTEES & GRANTMAKERS ALIKE, IN DEVELOPING SOCIAL JUSTICE ORGS & NETWORKS FOSTERING GREATER INST. EFF. TO DISMANTLE INEQUALITY
THE GLOBAL FELLOWSHIP PROGRAM IDENTIFIES AND CONNECTS EMERGING LEADERS FROM ACROSS THE GLOBE WHO ARE ADVANCING INNOVATIVE IDEAS AND SOLUTIONS TO COMBAT INEQUITY
ART FOR JUSTICE IS FOCUSED ON SAFELY REDUCING THE PRISON POPULATION, PROMOTING JUSTICE REINVESTMENT AND CREATING ART THAT CHANGES NARRATIVE AROUND MASS INCARCERATION
FOR PROJECTS THAT COMMUNICATE THE FOUNDATION'S MISSION AND PROGRAMS INCLUDING THE FOUNDATION'S WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric W Doppstadt VP & Chief Investment Officer | 45 | $4,454,586 | |
Darren Walker President & Trustee | 45 | $1,193,185 | |
Hillary Pennington Executive VP Of Programs | 45 | $585,778 | |
Nishka Chandrasoma Vp, Sec. & Chief Legal Officer | 45 | $568,575 | |
Martin Abregu Vp, International Programs | 45 | $513,400 | |
Sarita Gupta Vp, U.s. Programs (as Of 1/22) | 45 | $431,479 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rockefeller Philanthropy Advisors Inc | 12/30/22 | $2,250,271 |
Institute Of International Education Inc | 12/30/22 | $3,002,430 |
Mindtree Limited | 12/30/22 | $2,098,576 |
The Northern Trust Company | 12/30/22 | $1,954,002 |
Spring Strategies Inc | 12/30/22 | $1,686,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,030,151 |
| Net Rental Income | $352,711 |
| Net Gain on Sale of Assets | $892,280,455 |
| Capital Gain Net Income | $533,320,496 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,466 |
| Total Revenue | $925,622,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,672,058 |
| Other employee salaries and wages | $68,861,383 |
| Pension plans, employee benefits | $25,226,941 |
| Interest | $37,708,357 |
| Taxes | $31,217,600 |
| Depreciation | $11,371,460 |
| Occupancy | $9,864,642 |
| Travel, conferences, and meetings | $10,689,636 |
| Printing and publications | $1,032,775 |
| Other expenses | $12,146,682 |
| Total operating and administrative expenses | $259,185,393 |
| Contributions, gifts, grants paid | $713,436,234 |
| Total expenses and disbursements | $972,621,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,571,235 |
| Savings and temporary cash investments | $1,793,280,681 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $109,641 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,454,090 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,746,660,429 |
| Net Land, buildings, and equipment | $233,192,187 |
| Other assets | $129,023,501 |
| Total assets | $16,383,378,553 |
| Accounts payable and accrued expenses | $87,362,139 |
| Grants payable | $715,150,743 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,265,274,941 |
| Other liabilities | $383,833,106 |
| Total liabilities | $2,451,620,929 |
Grants Awarded
Over the last fiscal year, Ford Foundation has awarded $1,104,893,592 in support to 4,388 organizations.
| Grant Recipient | Amount |
|---|---|
19TH NEWS PURPOSE: PROJECT SUPPORT FOR ACTIVITIES COMMEMORATING THE AMERICANS WITH DISABILITIES ACT | $50,000 |
19TH NEWS PURPOSE: GENERAL SUPPORT | $125,000 |
3 STAR LLC PURPOSE: FOR PRODUCTION AND DISTRIBUTION OF THE DOCUMENTARY FILM, "A FAMILY BUSINESS," WHICH EXAMINES THE CULTURAL, LABOR, AND ENVIRONMENTAL IMPACT OF THE RESTAURANT INDUSTRY BY FOLLOWING THE ADVOCACY EFFORTS OF THE TROISGROS FAMILY BUSINESS IN EASTERN FRANCE | $200,000 |
3ARTS INC PURPOSE: GENERAL SUPPORT | $105,000 |
A BETTER BALANCE PURPOSE: GENERAL SUPPORT AND CORE SUPPORT FOR THESE ACTIVITIES IN NEW YORK AND THE AMERICAN SOUTH | $500,000 |
482FORWARD PURPOSE: GENERAL SUPPORT | $350,000 |