Giving Out & Getting Richer

The Ford Foundation last year handed out money at the rate of $4,600,000 a week, most of it to schools and scholars, for a total of $241,544,000. Income from its investment portfolio, which includes 46,284,000 shares of Ford Motor Co. stock and shares of 126 other corporations, was a glaring $94,601,000 less than outgo. But no matter how much it spends, the Ford Foundation can't get poorer. Cautiously raising the book value of its Ford stock from $30 to $33 per share, still well below the market value, the Foundation reported that its net assets had risen by $113 million to an alltime high of $2.4 billion.

Even if giving out money faster than it comes in seems hopeless, the Founda tion intends to keep trying. This week it helped two of the nation's richest universities strengthen their international studies programs. Harvard got $12.5 million of Ford money and Columbia $10.9 million.

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