American private foundation / From Wikipedia, the free encyclopedia
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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. It is based in Chicago, and in 2014 it was the 12th-largest private foundation in the United States. It has awarded more than US$6.8 billion since its first grants in 1978.
|Focus||Climate change, nuclear challenges, non-profit journalism, local issues in Chicago|
|John D. MacArthur (co-founder) |
Catherine T. MacArthur (co-founder)
The foundation's stated purpose is to support "creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world". 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. According to the OECD, the foundation's financing for 2019 development increased by 27% to US$109 million. The MacArthur Fellows Program, also referred to as "genius grants" or "genius award", annually gives $800,000 no-strings-attached grants to around two dozen creative individuals in diverse fields "who have shown extraordinary originality and dedication in their creative pursuits". The foundation's 100&Change competition awards a $100 million grant every three years to a single proposal.