Black in Focus: Interview with Darren Walker, Ford Foundation President

Darren Walker, President of the Ford Foundation, discusses the foundation's mission, financials, and focus areas, including racial and gender justice. He explains the foundation's response to COVID-19 through a social bond issuance, which allowed increased funding. Walker emphasizes the importance of unrestricted funds and justice in philanthropy, highlighting Mackenzie Scott's contributions. He stresses the need to sustain social justice momentum following George Floyd's murder and calls for diversity in philanthropy.

What is the current endowment of the Ford Foundation as mentioned in the interview?

• $14 billion

• $10 billion

• $17 billion

• $20 billion

How much does the Ford Foundation disperse annually?

• $500 million

• $650 million

• $1 billion

• $750 million

What financial strategy did the Ford Foundation use to increase its giving during the COVID-19 pandemic?

• Increased investments

• Cutting operational costs

• Government grants

• Issuing a social bond

Why are unrestricted funds considered crucial for nonprofits?

• They are easier to raise

• They allow for specific project funding

• They are tax-deductible

• They cover essential operational costs

What percentage of the Ford Foundation's support is now general operating support?

• 80%

• 50%

• 22%

• 100%

What is a key focus of Mackenzie Scott's philanthropic efforts as mentioned in the interview?

• Environmental conservation

• Justice-focused grants

• Healthcare innovation

• Educational reform

What is a concern mentioned about the momentum of racial justice initiatives?

• Over-reliance on technology

• Too much media attention

• Diminishing over time

• Lack of funding