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Henry Ford
Henry Ford
1936 Wealthy Industrialist Founds Charity
Henry Ford established the Ford Foundation, a philanthropic organization, on this day. The foundation was set up partly to allow the Ford family to retain control of the Ford Motor Company after Henry Ford's death, avoiding new inheritance laws. But its charitable works were very real. At its height, the Ford Foundation had assets of $4 billion. The foundation works to promote population control and to prevent famine; to promote the arts and educational media; and to work for peace and the protection of the environment.
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