How will the Foundation be funded?
In 2007, the Ford Foundation made an initial commitment of $5 million to permanently endow the new Foundation. Ford plans to contribute an additional $5 million when $3 million has been raised from new partners.
The Wiyot Tribe and Yocha Dehe Wintun Nation have both committed resources; Yocha Dehe Wintun Nation has committed $1.5 million and has announced a matching grant of an additional $1.5 million.
The board is currently engaged in active fundraising with investment scenarios resulting in a permanent endowment of approximately $20 million–$25 million in the next five years and a plan to increase the permanent endowment to $50 million–$80 million in 20 years.
“The act of giving was part of the ‘gifting economy’ of the Northwest where one’s wealth was measured by generosity, good work and a good heart. That is the work of philanthropy too: It’s an honor to have plenty and to share. There is no lack when you have this process in place and the most important mindset to have while participating is gratitude, or giving thanks and promising to care for all, no matter what.”
