Financial Services
<p>The Ford Foundation is committing $1 billion of its endowment over the next 10 years to money managers who invest in affordable housing and financial services for people in developing countries.</p> <p>The move marks a shift by the New York-based nonprofit, from investing its $12 billion endowment in traditional assets to funds aligned with its mission that also aim to earn market-rate returns,&nbsp;the foundation said in a statement Wednesday.</p> <p>&quot;We believe the time has come to step up and put our money where our mouth is,&quot; Ford Foundation President Darren Walker said in a conference call last week. &quot;If we as a society are going to solve the world&rsquo;s problems, every sector needs to play a role.&quot;&nbsp;</p>