The Ford Foundation has announced its new president. Luis Antonio Ubiñas, a director at McKinsey & Company and former South Bronx resident, will become the ninth president in Ford’s 70-year history, succeeding Susan Berresford who served in the post for 12 years. The Ford Foundation is the second largest foundation on the planet, with assets of over $12 billion and an annual grantmaking budget of $550 million. Read all about it here.
How will this choice affect Ford’s traditional championing of social justice causes? How will the new president answer the four fundamental questions of philanthropy?