Ford Foundation in the context of "Henry Ford"

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⭐ Core Definition: Ford Foundation

The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a $25,000 (about $550,000 in 2023) gift from Edsel Ford. By 1947, after the death of the two founders, the foundation owned 90% of the non-voting shares of the Ford Motor Company; the Ford family retained the voting shares. Between 1955 and 1974, the foundation sold its Ford Motor Company holdings and now plays no role in the automobile company.

In 1949, Henry Ford II created Ford Philanthropy, a separate corporate foundation that to this day serves as the philanthropic arm of the Ford Motor Company and is not associated with the foundation. For many years, the foundation's financial endowment was the largest private endowment in the world; it remains among the wealthiest. For fiscal year 2023, it reported assets of $16.8 billion and expenses of $852 million.

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Ford Foundation in the context of Laurene Powell Jobs

Laurene Powell Jobs (née Powell; born November 6, 1963) is an American entrepreneur, business executive and philanthropist. She is the founder and president of Emerson Collective, lead investor and chair of The Atlantic and co-founder and chair of XQ Institute. Powell Jobs also sits on the boards of the Ford Foundation, Council on Foreign Relations, Chicago CRED, College Track and Elemental Impact. She was married to Steve Jobs, who was the co-founder and former chief executive of Apple Inc, for more than 20 years.

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Ford Foundation in the context of Ford Foundation Building

The Ford Foundation Center for Social Justice (also known as 320 East 43rd Street, 321 East 42nd Street, or the Ford Foundation Building) is a 12-story office building in the East Midtown Manhattan neighborhood of New York City, New York, United States. Completed in 1967, it was designed in the late modernist style by architect Kevin Roche and engineering partner John Dinkeloo of Roche-Dinkeloo. The building was commissioned as the headquarters of the Ford Foundation, the largest private foundation in the United States when the edifice was constructed.

The building is a glass-and-steel cube held up by piers made of concrete and clad with Dakota granite. The main entrance is along 43rd Street, and there is a secondary entrance on 42nd Street. Dan Kiley was the landscape architect for the large public atrium inside, the first such space in an office building in Manhattan; it includes trees, shrubs, vines, and other plants. Most of the building's offices are north and west of the atrium and are visible from other offices.

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