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Foundations turn to bond market in response to rising need Alex Daniels Of The Chronicle Of Philanthropy Associated Press Tags:  Copyright 2021 The Associated Press. All rights reserved. The Ford Foundation Building is seen in New York, Friday, Feb. 19, 2021. The foundation is one of nine grant makers that have issued a total of $3 billion in debt since June to cover increases in their grant making. (AP Photo/Seth Wenig) As the pandemic’s misery continued last fall, foundation leaders like Robert Ross of the California Endowment discovered a way to pump hundreds of millions of dollars to nonprofits working to minimize the damage: The bond market.

New yorkUnited statesSusan shafferPhil buchananAdam falkJennifer reedyRobert rossAlex danielsDoris dukeBush foundationSkillman foundationInternational capital market associationMoody investors serviceMcknight foundationAssociated pressSloan foundation