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Philanthropy Social Bonds

FILE - Police and National Guard block Los Angeles City Hall as protesters hold a signs and chant during a Black Lives Matter protest in Los Angeles, on June 2, 2020, over the death of George Floyd. Responding to what the MacArthur Foundation called the “twin pandemics” of COVID-19 and systemic racism, the foundations mostly issued social bonds ranging from $100 million to Ford Foundation's $1 billion. The move allowed them to increase their donations and take advantage of favorable market conditions, instead of dipping into their endowments. (AP Photo/Richard Vogel, File) 
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Source name: 
The Associated Press
Unique identifier: CP162463273 
Legacy Identifier: 4fa5686b7d6d4f139cb67640ee73a3e6-4fa5686b7d6d4f139cb67640ee73a3e6-0 
Type: Image 
Dimensions: 6087px × 4058px     8.35 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Special Instructions: FILE PHOTO 
Create Date: 6/2/2020 11:49:05 PM 
Display aspect ratio: 3:2 
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