MacArthur Foundation
American private foundation / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about MacArthur Foundation?
Summarize this article for a 10 years old
The John D. and Catherine T. MacArthur Foundation is a private foundation that makes grants and impact investments to support non-profit organizations in approximately 50 countries around the world. It has an endowment of $7.0 billion and provides approximately $260 million annually in grants and impact investments.[4][5] It is based in Chicago, and in 2014 it was the 12th-largest private foundation in the United States.[6] It has awarded more than US$6.8 billion since its first grants in 1978.[1]
 | |
| Founded | 1970[1][2] |
|---|---|
| Focus | Climate change, nuclear challenges, non-profit journalism, local issues in Chicago |
| Location |
|
President | John Palfrey[3] |
Key people | John D. MacArthur (co-founder) Catherine T. MacArthur (co-founder) |
| Endowment | $7.0 billion |
| Website | www |
The foundation's stated purpose is to support "creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world".[4][7] MacArthur's grant-making priorities include mitigating climate change, reducing jail populations, decreasing nuclear threats, supporting nonprofit journalism, and funding local needs in its hometown of Chicago.[8] According to the OECD, the foundation's financing for 2019 development increased by 27% to US$109 million.[9] The MacArthur Fellows Program, also referred to as "genius grants" or "genius award",[10] annually gives $800,000 no-strings-attached grants to around two dozen creative individuals in diverse fields[11] "who have shown extraordinary originality and dedication in their creative pursuits".[10] The foundation's 100&Change competition awards a $100 million grant every three years to a single proposal.[12]