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Ford Foundation plans 50 percent grant cut over four years
The Ford Foundation will reduce annual grants from 208 million to 100 million over the next four years. McGeorge Bundy said several programs across six areas will be eliminated or scaled back, though all current commitments will be honored. Trustees debated the move at their quarterly meeting amid inflation and declining asset values.
MENTIONED IN THIS ARTICLE
M.A. Farber
N.Y. Times
Ford Foundation
McGeorge Bundy
Bundy
United States
Ford
Foundation
Foundation of