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) FILE PHOTO

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