Board of Trustees
Francisco Cigarroa
Chair, Board of Trustees Acting Dean, Joe R. and Teresa Lozano Long School of Medicine Professor of Surgery and Director, Alvarez Transplant Center, University of Texas Health Science Center San Antonio, Texas
Ursula Burns
Founding Partner, Integrum Holdings; Non-Executive Chair, Teneo Holdings LLC; Retired Executive Chair and CEO, Xerox Corporation and VEON, Ltd. Boca Raton, Florida
Catalina Devandas
Representative of the Director General and Senior Director, Office of Partnerships, Advocacy and Communications, International Organization for Migration Geneva, Switzerland
Amy C. Falls
Vice President and Chief Investment Officer, Northwestern University Evanston, Illinois
Thomas Kempner, Jr.
Retired Executive Managing Member, Davidson Kempner Capital Management Southampton, New York
Ford Foundation trustees set policies relating to grantmaking, geographic focus, spending, investment, management, governance, and professional standards, and review the performance of the president. The Audit Committee of the board oversees independent audits and sets the compensation of all officers.
Our Board of Trustees is currently composed of 16 members, including the president. Nominated by the Nominating and Governance Committee and appointed by the full board, trustees may serve up to two six-year terms. The board, board committees, and individual trustees are evaluated on a regular basis by the Nominating and Governance Committee.
Foundation trustees bring a vast range of knowledge and experience to the task of governing the foundation. Over the years, trustees have hailed from five continents, and they have extensive experience in the worlds of higher education, business, law, government, technology, health care, nonprofit management, the arts, and the civic sector.
The president
The trustees select the president, who implements board policies and oversees foundation programs and operations on a day-to-day basis. The trustees and the president, along with other senior staff, share the responsibility of representing the foundation in the public sphere. The president continually reexamines our work, looking for opportunities to hone our strategies and improve our effectiveness. The president meets with people around the world to help deepen the foundation’s grasp of different perspectives on how to solve problems. In addition to overseeing operations, the president works to communicate what we have learned to a broad array of audiences and strives to strengthen the philanthropic sector’s performance, legal compliance, and transparency.
The board’s oversight of grantmaking
Our Board of Trustees determines the substantive areas and geographic focus of the foundation’s grantmaking. Within the budget approved by the board, the foundation makes about 1,400 grants throughout the year. The board has delegated authority for approving these grants to the president and senior staff. However, all trustees serve on one of the board’s program committees, which help design program strategy. Membership on the committees rotates so that trustees serving two terms become steeped in the work of all program areas and contribute to their development and assessment. The trustees review approved grants at their regular board meetings, which take place three times a year. During annual board program trips, trustees meet grant recipients in the US and globally and learn about their work.
Trustee independence
The Ford Foundation places high value on the independence of our board members. We require that a majority of our trustees be independent and that all trustees serving on the Audit Committee meet a heightened independence standard. When the staff proposes that the foundation fund an organization with which a trustee, or the spouse, domestic partner, or child of a trustee, is affiliated as an officer, director, trustee, or employee, that grant must be reviewed and approved by the Audit Committee. The grant action document—which is reviewed and approved by management before submission to the Audit Committee—discloses the nature of the trustee affiliation and confirms that the trustee played no role in the initiation or negotiation of the grant.
Learn more about the foundation’s governance policies.
Board Committees
Audit Committee
Ursula M. Burns – Chair
Francisco G. Cigarroa
Henry Ford III
Thomas L. Kempner, Jr.
Chuck Robbins
George H. Walker
The Audit Committee assists the Board of Trustees with respect to financial reporting, internal control, and audits, and also supports the foundation’s process for monitoring its compliance with laws and regulations, Trustee and Officer Code of Ethics and Conflict of Interest Policy, and the Whistleblower Policy. The Audit Committee appoints and manages the outside auditor. The committee also sets the officers’ compensation.
Executive Committee
Francisco G. Cigarroa – Chair
Ursula M. Burns
Laurene Powell Jobs
Thomas L. Kempner, Jr.
Gbenga Oyebode
Gabrielle Sulzberger
Darren Walker
The Executive Committee works with the foundation’s executive officers and acts for the board between board meetings. Trustee committees dedicated to specific topics meet regularly and guide foundation activities throughout the year.
Finance Committee
Gabrielle Sulzberger – Chair
Catalina Devandas
Amy C. Falls
Henry Ford III
Paula Moreno
Gbenga Oyebode
George H. Walker
The Finance Committee works to ensure that the board is fulfilling its oversight responsibilities. The committee makes recommendations on long-range financial plans, and also reviews and monitors the foundation’s spending policy and budget, including program and management appropriations and capital spending.
Investment Committee
The Investment Committee is responsible for formulating overall investment policies, subject to approval by the Board of Trustees, and establishing investment guidelines. The committee monitors the management of the portfolio for compliance with the investment policies and guidelines and for meeting performance objectives over time.
Mission-Related Investment Committee
Gbenga Oyebode – Chair
Amy C. Falls
Henry Ford III
Thomas L. Kempner, Jr.
Ai-jen Poo
Gabrielle Sulzberger
The Mission-Related Investment Committee will assist the Board of Trustees in developing and implementing an impact investing strategy for the foundation.
Nominating and Governance Committee
Laurene Powell Jobs – Chair
Francisco G. Cigarroa
Lourdes Lopez
Paula Moreno
Bryan Stevenson
Gabrielle Sulzberger
The Nominating and Governance Committee helps identify and recommend candidates for board membership; helps review, develop, and enhance trustee orientation programs; and reviews the foundation’s governance policies and procedures.
Justice & Equality Program Committee 1
Catalina Devandas – Chair
Ursula M. Burns
Francisco G. Cigarroa
Paula Moreno
Gbenga Oyebode
Bryan Stevenson
Gabrielle Sulzberger
George H. Walker
The Program Committees give the trustees an opportunity to deepen their knowledge of an area of the foundation’s overall program and to contribute to program development and assessment.
Program Committee 1 focuses on China in the World; Gender, Racial, and Ethnic Justice; Natural Resources and Climate Change; Tech and Society
Justice & Equality Program Committee 2
Ai-jen Poo – Chair
Amy C. Falls
Henry Ford III
Laurene Powell Jobs
Thomas L. Kempner, Jr.
Lourdes Lopez
Chuck Robbins
The Program Committees give the trustees an opportunity to deepen their knowledge of an area of the foundation’s overall program and to contribute to program development and assessment.
Program Committee 2 focuses on Civic Engagement and Governance, Creativity and Free Expression, Future of Work(ers)