The Ford Foundation recently announced it will provide $4.5 million in special grants to reinvest in the Latin American region as a way of commemorating the company's presence in the area over the past 50 years. Since 1962, the Ford Foundation has invested nearly $1 billion in Latin America to promote democracy, human rights and higher education. The funding provided by the grants adds to the $40 million the foundation invests in the region every year.
"The organizations we supported in the 1970s and '80s played a central role in pushing back against human rights abuses and fighting for democracy during that period," said Luis A. Ubinas, president of the Ford Foundation. "Our work today focuses on ensuring that all people are able to contribute to and benefit from the growth of democracy and prosperity that now characterizes much of the region."
The grant recipients include organizations working to alleviate poverty, advocate for women's rights and protect indigenous communities ($450,000), Voices from Latin America to support arts initiatives ($500,000) and the New-York based-Museum of Arts and Design, which will use the $250,000 it received to find and develop emerging artistic talent in the region.
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