Franklin A. Thomas
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Franklin A. Thomas
Franklin Augustine Thomas (May 27, 1934 – December 22, 2021) was an American businessman and philanthropist who was president and CEO of the Ford Foundation from 1979 until 1996. After leaving the foundation, Thomas continued to serve in leadership positions in American corporations and was on the board of the TFF Study Group, a nonprofit institution assisting development in South Africa. Thomas was chairman of the nonprofit organization September 11th Fund from 2001 to 2004 and was involved in the Nelson Mandela Children's Fund, having served as the manager of its American office. Early life and education Franklin Augustine Thomas was born on May 27, 1934, in the Bedford-Stuyvesant neighborhood of Brooklyn. After the death of his father, his mother, Viola, an immigrant from Barbados, headed the household, where he was the youngest of six children, as a housekeeper and waitress. Thomas attended the Franklin K. Lane High School. He then graduated from Columbia College in 1956 ...
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New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, education, ...
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United States Department Of Housing And Urban Development
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development, who reports directly to the President of the United States and is a member of the president's Cabinet. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the " Great Society" program of President Lyndon B. Johnson, to develop and execute policies on housing and metropolises. History The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priori ...
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American Philosophical Society
The American Philosophical Society (APS), founded in 1743 in Philadelphia, is a scholarly organization that promotes knowledge in the sciences and humanities through research, professional meetings, publications, library resources, and community outreach. Considered the first learned society in the United States, it has about 1,000 elected members, and by April 2020 had had only 5,710 members since its creation. Through research grants, published journals, the American Philosophical Society Museum, an extensive library, and regular meetings, the society supports a variety of disciplines in the humanities and the sciences. Philosophical Hall, now a museum, is just east of Independence Hall in Independence National Historical Park; it was designated a National Historic Landmark in 1965. History The Philosophical Society, as it was originally called, was founded in 1743 by Benjamin Franklin, James Alexander, Francis Hopkinson, John Bartram, Philip Syng, Jr. and others as ...
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September 11 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Cen ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and fi ...
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Local Initiatives Support Corporation
The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states. LISC was created in 1979 by executives from the Ford Foundation. LISC's affiliates include the National Equity Fund (NEF), the largest national syndicator of Low Income Housing Tax Credits (LIHTC), the New Markets Support Company, a national syndicator of New Markets Tax Credits, and immito, which specializes in SBA 7a lending. LISC and its affiliates support community development projects through grants, loans and equity investments as well as technical and management assistance. In the 2020 fiscal year, it reported grants, loans and investments totaling US$2 billion, leveraging $4.4 billion in total development and supporting over 700 partners across America. Since 1979, LISC has invested $24 billion into co ...
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Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate s ...
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McGeorge Bundy
McGeorge "Mac" Bundy (March 30, 1919 – September 16, 1996) was an American academic who served as the U.S. National Security Advisor to Presidents John F. Kennedy and Lyndon B. Johnson from 1961 through 1966. He was president of the Ford Foundation from 1966 through 1979. Despite his career as a foreign-policy intellectual, educator, and philanthropist, he is best remembered as one of the chief architects of the United States' escalation of the Vietnam War during the Kennedy and Johnson administrations. After World War II, during which Bundy served as an intelligence officer, in 1949 he was selected for the Council on Foreign Relations. He worked with a study team on implementation of the Marshall Plan. He was appointed a professor of government at Harvard University, and in 1953 as its youngest dean of the Faculty of Arts and Sciences, working to develop Harvard as a merit-based university. In 1961 he joined Kennedy's administration. After serving at the Ford Foundation, in ...
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Rockefeller Foundation
The Rockefeller Foundation is an American private foundation and philanthropy, philanthropic medical research and arts funding organization based at 420 Fifth Avenue, New York City. The second-oldest major philanthropic institution in America, after the Carnegie Corporation, the foundation was ranked as the List of wealthiest charitable foundations, 39th largest U.S. foundation by total giving as of 2015. By the end of 2016, assets were tallied at $4.1 billion (unchanged from 2015), with annual grants of $173 million. According to the OECD, the foundation provided US$103.8 million for development in 2019. The foundation has given more than $14 billion in current dollars. The foundation was started by Standard Oil magnate John D. Rockefeller ("Senior") and son "John D. Rockefeller Jr., Junior", and their primary business advisor, Frederick Taylor Gates, on May 14, 1913, when its charter was granted by New York State Legislature, New York. The foundation has had an international re ...
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Community Development Corporation
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling neighborhoods. They can be involved in a variety of activities including economic development, education, community organizing and real estate development. These organizations are often associated with the development of affordable housing. The first community development corporation in the United States was the Bedford Stuyvesant Restoration Corporation. Activities *Real estate development **Affordable housing *Economic development **Small business lending **Small business technical assistance **Small business incubation (i.e. provision of space at low or no cost to start-up businesses) *Education **Early childhood education **Workforce trai ...
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Bedford Stuyvesant Restoration Corporation
The Bedford Stuyvesant Restoration Corporation (or BSRC, referred to locally in short as Restoration) is a community development corporation based in Brooklyn, New York, and the first ever to be established in the United States. Background Decline of Bedford–Stuyvesant In the late 1800s and early 1900s, the neighborhood of Bedford–Stuyvesant in Brooklyn, New York, was home to middle class German, Dutch, Italian, Irish, and Jewish immigrants and their descendants. In the 1920s, African-Americans migrating from the South settled in the area. Starting in 1930, people from Harlem moved into the neighborhood, seeking better housing. As the impoverished black population increased, banks reduced lending to local residents and businesses. By 1950, the number of blacks had risen to 155,000, comprising about 55 percent of the population of Bedford–Stuyvesant. Over the next decade, real estate agents and speculators employed blockbusting to make quick profits. As a result, former ...
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United Nations Office For Partnerships
The United Nations Office for Partnerships (UNOP) is a UN body established in 2006 by Secretary-General Kofi Annan to co-create partnerships within the private sector, civil society organizations, academia, and other non-state actors in furtherance of the United Nations Sustainable Development Goals. UNOP oversees the United Nations Fund for International Partnerships (UNFIP) and the United Nations Democracy Fund (UNDEF). UN Fund for International Partnerships (UNFIP) The United Nations Fund for International Partnerships (UNFIP) was established by Secretary-General Kofi Annan in March 1998 to serve as the interface between the United Nations system and the United Nations Foundation—the public charity responsible for administering resources in support of UN causes. The Deputy Secretary-General is in charge of the UNFIP Advisory Board, which oversees the work of UNFIP. UN Democracy Fund (UNDEF) The United Nations Democracy Fund (UNDEF) was established by Secretary-General ...
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