The Ford Foundation was founded on January 15, 1936 by the son of the founder of the Ford Motor Company, Edsel Ford.
During its early years, the foundation led by the Ford family members operated in Michgan. The foundation aimed to allocate resources for scientific, educational, and charitable purposes, all for the welfare of the public.
Today, the Ford Foundation is led by its 9th president, Luis Ubi˝as. They remain commited to advancing human welfare. The headquarters of the foundation is in New York City which supports all 50 states, and 10 regional offices worldwide which supports over 50 countries.
Their program continues to serve public welfare through strengthening democratic values, reducing poverty and injustice, and promoting international cooperation and advancing human achievement.
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, ┬ácannot be tackled by questioning the return on investment.