About the MacArthur Foundation
Source: Wikipedia.org
The John D. and Catherine T. MacArthur Foundation is a major private grant-making foundation based in Chicago that has awarded more than US$3 billion since its inception in 1978. It is now one of the ten largest private philanthropies in the U.S. with an endowment of more than $6 billion. The foundation awards approximately $225 million annually in grants and low-interest loans.
Its four major program areas are Global Security and Sustainability, Human and Community Development, General grant-making, and the MacArthur Fellows Program, also known as "genius grants." Topics of interest to the Foundation include international peace and security, conservation and sustainable development, population control, reproductive health, human rights, community development, affordable housing, and educational, juvenile justice, and mental health reform, public interest media, including public radio and independent documentary film. The Foundation also gives grants to arts and cultural institutions in the Chicago area.
The MacArthur Fellows Program awards five-year, unrestricted fellowships, "to individuals across all ages and fields (but ONLY to US citizens) who show exceptional merit and promise of continued creative work." The amount of the award is currently $500,000, which is paid over five years, with no strings attached.
The Foundation's President is Jonathan F. Fanton, formerly President of the New School for Social Research. There are also overseas offices in Mexico, India, Nigeria, and Russia.
The Foundation's founder, John D. MacArthur (1897-1978), founded and owned Bankers Life and Casualty and other businesses, as well as considerable property in Florida and New York. His wife Catherine T. MacArthur (1909-1981) held positions in many of these companies and served as a director of the Foundation.
Over its history the Foundation has been in close collaboration with the Rockefeller Brothers Fund, the Carnegie Corporation and the Rockefeller Foundation; one case in point being the joint establishment in 2000 of The Partnership for Higher Education in Africa, to assist higher education institutions in 6 African countries. Another connection is that President Jonathan F. Fanton serves as an Advisory Trustee of the Rockefeller Brothers Fund.
The John D. and Catherine T. MacArthur Foundation is a major private grant-making foundation based in Chicago that has awarded more than US$3 billion since its inception in 1978. It is now one of the ten largest private philanthropies in the U.S. with an endowment of more than $6 billion. The foundation awards approximately $225 million annually in grants and low-interest loans.
Its four major program areas are Global Security and Sustainability, Human and Community Development, General grant-making, and the MacArthur Fellows Program, also known as "genius grants." Topics of interest to the Foundation include international peace and security, conservation and sustainable development, population control, reproductive health, human rights, community development, affordable housing, and educational, juvenile justice, and mental health reform, public interest media, including public radio and independent documentary film. The Foundation also gives grants to arts and cultural institutions in the Chicago area.
The MacArthur Fellows Program awards five-year, unrestricted fellowships, "to individuals across all ages and fields (but ONLY to US citizens) who show exceptional merit and promise of continued creative work." The amount of the award is currently $500,000, which is paid over five years, with no strings attached.
The Foundation's President is Jonathan F. Fanton, formerly President of the New School for Social Research. There are also overseas offices in Mexico, India, Nigeria, and Russia.
The Foundation's founder, John D. MacArthur (1897-1978), founded and owned Bankers Life and Casualty and other businesses, as well as considerable property in Florida and New York. His wife Catherine T. MacArthur (1909-1981) held positions in many of these companies and served as a director of the Foundation.
Over its history the Foundation has been in close collaboration with the Rockefeller Brothers Fund, the Carnegie Corporation and the Rockefeller Foundation; one case in point being the joint establishment in 2000 of The Partnership for Higher Education in Africa, to assist higher education institutions in 6 African countries. Another connection is that President Jonathan F. Fanton serves as an Advisory Trustee of the Rockefeller Brothers Fund.
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