Word: edsel
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Dates: during 1950-1959
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...confused with the Ford Foundation, set up by the late Edsel Ford, now headed by former ECAdministrator Paul Hoffman...
...world's richest private charitable institution opened up its bankbooks for the first time last week and gave the public a quick peek. In its annual report, Detroit's Ford Foundation, set up in 1936 with a $25,000 gift from the late Edsel B. Ford, announced that it now had $492,678,255 in the till. Most of it represents 3,089,908 non-voting shares of Ford Motor Co. stock, given by the Ford family and currently valued at $135 a share. So far, the foundation, which Paul Hoffman heads, has given out $42 million...
...Ford Foundation, set up from the estates of the late Henry Ford, Sr, and Edsel Ford, controls $288,000,000 which it intends to spend for study and endeavor in five basic fields--peace, education, strengthening of democracy, economics, and human relations...
...years (1933-43), Hotchkiss School in Lakeville, Conn, watched the young Fords go by-Henry II, Benson and William, sons of Automagnate Edsel Ford. Hotchkiss had reason to be pleased with the way they got along. Henry ("Model T") made the editorial board of the Hotchkiss Record and the debating union. Benson was business manager of the literary magazine, and Bill captained the tennis team and served on the student council...
...took the job, Hoffman would not lack for funds. Old Henry Ford and his son Edsel had bequeathed the Ford Foundation 81% of Ford's non-voting stock (estimated worth: $250 million), primarily as a device to stave off inheritance taxes which would have shaken the family's hold on the company. Dollars kept clinking into the foundation's vaults as fast as Ford cars rolled off the assembly lines. So far only $27 million of the conveyor-belt income had been passed out, and the trustees had called in a special committee of scholars to tell...