The Ford Foundation has announced plans to commit up to $1 billion of its $12 billion endowment over ten years to mission-related investing — the largest commitment to MRIs by a private foundation to date.

Ford will carve out the funds gradually from its existing investment portfolio and deploy them over time to investments designed to deliver concrete social returns as well as attractive financial returns. Initial investments will focus on areas where the foundation has prior experience and sees both significant investment opportunity and alignment with its mission to reduce poverty and injustice — starting with affordable housing in the United States and access to financial services in emerging markets. Capital will be allocated not to individual companies but established impact funds.

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