Nine of the nation’s largest private foundations have joined forces to create the Funders for Housing and Opportunity (FHO) collaborative committing $4.9 million to four grantees over the next three years.
The initial members of the collaborative are The Annie E. Casey Foundation, Bill & Melinda Gates Foundation, Conrad N. Hilton Foundation, Ford Foundation, John D. and Catherine T. MacArthur Foundation, The JPB Foundation, The Kresge Foundation, Melville Charitable Trust, and Oak Foundation.
Separately, they invested more than $65 million in domestic housing-related activities in 2017. FHO allows these foundations to align strategies, leverage their funds, and extend their reach beyond what they could individually support.