May 7, 2009
Ford Foundation to Close Offices in Russia and Vietnam as Part of Cost-Cutting Effort
After losing almost one-third of its assets during the last year, the Ford Foundation announced last week that it would close its offices in Russia and Vietnam.
"Given our obligation to our grantees worldwide, and the people they serve, we have been forced to make some very hard choices to bring about further savings," Luis Ubiñas, the foundation's president, wrote in an e-mail message he sent to Ford employees.
"It is with great regret," he added, "that I share the news
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
