Posted on 06/26/2015 6:36:03 PM PDT by rey
The Ford Foundation vows to fight inequality but will have a hard time beating Henry’s example. On June 11, the $11 billion Ford Foundation announced that it will pour its resources—about $500 million in giving a year—into fighting inequality. “We are talking about inequality in all its forms—in influence, access, agency, resources, and respect,” Darren Walker, the charity’s president, wrote in a letter. Oh, the irony. I won’t join the public intellectuals having hissy fits over how people choose to give away their money, beyond being annoyed that since the Ford Foundation is tax-exempt, we’re all subsidizing it. Here’s the real problem: The foundation is getting exactly backward what its namesake, Henry Ford, understood. Society benefits from making, not giving. The bulk of the Ford Foundation’s assets came when it received 88% of the nonvoting shares in the Ford Motor Company, most after Henry Ford died in 1947. Ford hated inheritance taxes, then a punitive 70%. In 1956 Ford Motor went public at $3.2 billion.
(Excerpt) Read more at wsj.com ...
How about direct grants to qualified low-income students to study engineering, mathematics, and so forth. How about funding students to attend the local community college or area technical institute to learn to be plumbers or electricians. That would help eliminate poverty.
The Ford Foundation’s grants sound like much of the funds will be going to grow more Obamas.
Grants from whom? Private individuals and groups? Knock yourself out; all for it. grants from the government? No way.
The Ford Foundation has given most grants to leftist org. for decades..
It’s not The Ford Foundation it’s the Management of The Ford Foundation...
The leftists have penetrated many/most charitable org.. nationwide.. for a long time.. on purpose.. even public TV and National Radio..
The Management ONLY gives to approved leftists organizations.. (in MOST cases)..
AND.. republicans all the while could care less.. trying to be “FAIR”..
No, I got the impression the Ford Foundation was going to spend $500 million dollars to reduce inequality. But knowing the FF, the money would not go directly to help people obtain job skills but rather to community organizers
Why waste all that money fighting disease, hunger, poverty, plagues, etc. etc. End inequality! Yeah!
Excellent article!
Thanks for posting.
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