Thursday, November 19, 2020

How Darren Walker and the Ford Foundation Reinvented Philanthropy for the Pandemic

By Elisa Lipsky-Karasz
The president of the Ford Foundation is finding new ways to maximize its $13.7 billion endowment, like issuing bonds to raise much-needed cash for grantees in distress. He’s also convincing other legacy philanthropies to join his efforts.
For the Past two years, anyone walking into the lobby of the Ford Foundation on New York’s East 43rd Street has entered under the watchful eyes of Wanda Crichlow, a New York City resident who had been regally re-envisioned by painter Kehinde Wiley. On a richly hued canvas, she is depicted in the style of a 17th-century Dutch aristocrat, wearing a lace-front dress with braids looping high over her head. The 2015 painting was the perfect symbol to encapsulate all that the foundation’s president, Darren Walker, was trying to say with the $205 million renovation of the landmarked 1967 building: This is the people’s house... [More