At the MacArthur Foundation, new chief pushes for large-scale financing

By Aimee Rae Ocampo 28 August 2015

Julia Stasch, president at the MacArthur Foundation. Photo from: MacArthur Foundation

 

The John D. and Catherine T. MacArthur Foundation began its grant-making operations in 1978, following the death of John D. MacArthur, an insurance and real estate magnate who at that time one of the three wealthiest men in America. MacArthur had entrusted his assets — an estimated $1 billion — to the foundation’s first board of directors to make sure his fortune would be put to good use even beyond his lifetime. Over three decades later, the foundation has expanded its work to roughly 50 countries, with assets reaching $6.5 billion. It is headquartered in Chicago, United States, and has offices in India, Mexico and Nigeria.

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About the author

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Aimee Rae Ocampo

In her role as editor for business insight, Aimee creates and manages multimedia content and cutting-edge analysis for executives in international development. As the manager of Development Insider, Devex's flagship publication for executive members, she is constantly on the lookout for the latest news, trends and policies that influence the business of development.


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