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Founded in 1936 by Edsel Ford and two Ford Motor Firm executives, the purpose of the Ford Basis was to fund scientific, instructional, and charitable projects. At present, the muse’s mission includes promoting democracy, bettering education, and lowering poverty. In its early years, the foundation supported Nationwide Academic Tv, which was changed by the general public Broadcasting Service in 1970. At the tip of 2006, the muse’s endowment was roughly $12 billion. In that yr alone, the foundation gave out nearly $530 million in grants for initiatives centered on neighborhood and economic development, education, media, arts, peace, social justice, and human rights.
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