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?
Stay tuned.
Making the better part of a million a year, the CEO should champion social justice up to a point.
Posted by: Tutor | August 17, 2007 at 02:33 PM
A rising tide lifts all yachts.
Posted by: Stuart Johnson | August 17, 2007 at 04:05 PM
Well, he is Hispanic, and up from the Bronx, so the symbolism is intact. The poor are represented allegorically. And people accuse us of playing dress up games, Albert.
Posted by: Tutor | August 18, 2007 at 09:35 AM
Allegories don't generally storm the mansions of their overlords. Not that there's any danger of that happening. My TV promises we'll all make it some day. Plenty of land out west for our McMansions, and scientists will come up with a new way to manufacture drinking water from discarded plastic. In fighting the War on Terror, we won't need to wrestle with our consciences because robots will torture and kill people on our behalf.
Meanwhile, philanthropy will continue funding heartfelt explorations of the social contract.
Posted by: Stuart Johnson | August 18, 2007 at 12:30 PM