<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, the foundation said in a statement Wednesday.</p>
<p>"We believe the time has come to step up and put our money where our mouth is," Ford Foundation President Darren Walker said in a conference call last week. "If we as a society are going to solve the world’s problems, every sector needs to play a role." </p>