In today's world, philanthropy plays a crucial role in driving positive change and addressing societal challenges. One recent example is the Ford Foundation's commitment to investing $4 million over the next five years in BUILD, an organization that promotes gender justice [07016e00]. This funding is part of the foundation's broader effort to provide less restricted funding and help strengthen nonprofits.
The BUILD Initiative aims to provide resources to nonprofits to become stronger and more resilient over time. The Ford Foundation and BUILD prioritize gender justice and are dedicated to supporting organizations that fight against the anti-gender backlash. The grant to BUILD is the largest commitment to date for UltraViolet, an organization that protects the rights of women and gender nonconforming people. UltraViolet conducts advocacy campaigns on issues such as reproductive rights, workers' rights, and racial justice. The BUILD grant will also support UltraViolet in developing a new five-year strategic plan.
The Ford Foundation's BUILD Initiative has made 600 five-year commitments totaling $1.6 billion in 45 countries and plans to invest $2 billion over 12 years. The initiative has been successful in increasing the financial resilience of grantees and has been well-received by organizations worldwide. The Ford Foundation hopes that its approach with BUILD will set an example for other funders to provide larger, longer, and more flexible grants. While progress in flexible funding has been slow, there is optimism that philanthropy is moving in the right direction, with large, no-strings-attached gifts from donors like MacKenzie Scott helping to drive change.
These initiatives, among many others, demonstrate the power of collaboration, innovation, and leadership in driving positive change. By empowering individuals and communities, addressing systemic issues, and fostering research and innovation, these programs are shaping a better future for all.