-
(单词翻译:双击或拖选)
It's never too late for fence-mending.
That's certainly the case with the Ford1 family and the foundation that bears its name.
Detroit News business columnist2 Daniel Howes has been speaking with Ford Foundation CEO Darren Walker.
Ford and the Ford Foundation had been at odds3 for years until they fell out completely in 1976. Henry Ford II claimed that the people running the board had no understanding of capitalism4 and how the fruits of it funded the foundation.
Instead of spending money on Detroit and southwest Michigan, as had been intended by Henry Ford and his son, Edsel, the foundation was more interested in the developing world. So much so that the foundation with $12.3 billion in assets dwindled5 its contributions to Detroit to a handful of millions by the mid-1990s.
But in 2006, Michigan Attorney General Mike Cox went after the foundation and reminded it of its obligation to the area in which they were incorporated.
Within a year, after a series of administrative6 subpoenas7, the foundation upped its donations in Michigan, starting with a $25 million commitment to what became the "New Economy Initiative."
The Ford Foundation continued its investment on Detroit with a yearly contribution of $12-15 million until the "Grand Bargain."
And now, for the first time since 1948, the trustees of the foundation will be holding a meeting in Detroit.
Martha Ford, owner of the Detroit Lions, will be hosting a dinner at The Henry Ford Museum. The foundation's trustees will be in Detroit to meet with Mayor Mike Duggan and Gov. Rick Snyder, among others, to learn more about the city.
"I think it's very emblematic8 of what's happening in Detroit, in general. I think you now have both political and business leadership that understands what has happened in the past but is less encumbered9 by the past," says Howes.
1 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
参考例句: |
|
|
2 columnist | |
n.专栏作家 | |
参考例句: |
|
|
3 odds | |
n.让步,机率,可能性,比率;胜败优劣之别 | |
参考例句: |
|
|
4 capitalism | |
n.资本主义 | |
参考例句: |
|
|
5 dwindled | |
v.逐渐变少或变小( dwindle的过去式和过去分词 ) | |
参考例句: |
|
|
6 administrative | |
adj.行政的,管理的 | |
参考例句: |
|
|
7 subpoenas | |
n.(传唤出庭的)传票( subpoena的名词复数 )v.(用传票)传唤(某人)( subpoena的第三人称单数 ) | |
参考例句: |
|
|
8 emblematic | |
adj.象征的,可当标志的;象征性 | |
参考例句: |
|
|
9 encumbered | |
v.妨碍,阻碍,拖累( encumber的过去式和过去分词 ) | |
参考例句: |
|
|