logo
Darren Walker's new book is still hopeful despite growing inequality as he leaves Ford Foundation

Darren Walker's new book is still hopeful despite growing inequality as he leaves Ford Foundation

Yahoo6 days ago
NEW YORK (AP) — Darren Walker needed to be convinced of his new book's relevance.
The outgoing Ford Foundation president feared that 'The Idea of America," set to publish in September just before he leaves the nonprofit, risked feeling disjointed. In more than eight dozen selected texts dating back to 2013, he reflects on everything from his path as a Black, gay child from rural Texas into the halls of premiere American philanthropies to his solutions for reversing the deepening inequality of our 'new Gilded Age."
'To be clear, not everything I said and wrote over the last 12 years is worthy of publication," Walker said.
A point of great regret, he said, is that he finds American democracy weaker now than when he started. Younger generations lack access to the same 'mobility escalator' that he rode from poverty. And he described President Donald Trump's administration's first six months as 'disorienting' for a sector he successfully pushed to adopt more ambitious and just funding practices.
Despite that bleak picture, Walker embraces the characterization of his upcoming collection as patriotic.
'My own journey in America leaves me no option but to be hopeful because I have lived in a country that believed in me,' he said.
Walker recently discussed his tenure and the book's call for shared values with the Associated Press inside his Ford Foundation office — where an enlarged picture of a Black child taken by Malian portrait photographer Seydou Keïta still hangs, one of many underrepresented artists' works that populated the headquarters under his leadership. This interview has been edited and condensed for clarity.
Q: Upon becoming Ford Foundation's president, you suggested that 'our most important job is to work ourselves out of a job' — a 2013 statement you include in the book. How would you grade your efforts?
A: The past 12 years have been both exhilarating and exhausting. Exhilarating because there's never been a more exciting time to be in philanthropy. And exhausting because the political, socioeconomic dynamics of the last 12 years are very worrisome for our future. Philanthropy can play a role in helping to strengthen our democracy. But philanthropy can't save America.
I would probably give myself a B or a B-. I don't think where we are as a nation after 12 years is where any country would want to be that had its eye on the future and the strength of our democracy.
Q: Is there anything you would do differently?
A: In 2013 and those early speeches, I identified growing inequality as a challenge to the strength of our democracy. And a part of that manifestation of growing inequality was a growing sense of disaffection — from our politics, our institutions, our economy. For the first time, a decade or so ago, we had clear evidence that working class white households were increasingly downwardly mobile economically. And the implications for that are deep and profound for our politics and our democracy.
We started a program on increasing our investments in rural America, acknowledging some of the challenges, for example, of the trends around the impacts of the opioid epidemic on those communities. I underestimated the depth and the collective sense of being left behind. Even though I think I was correct in diagnosing the problem, I think the strategy to respond was not focused enough on this population.
Q: Many people credit you for using Ford Foundation's endowment to increase grantmaking during the pandemic. Is that sort of creativity needed now with the new strains faced by the philanthropic sector?
A: One of the disappointments I have with philanthropy is that we don't take enough risk. We don't innovate given the potential to use our capital to provide solutions. I do think that, in the coming years, foundations are going to be challenged to step up and lean in in ways that we haven't since the pandemic.
The 5% payout is treated as a ceiling by a lot of foundations and, in fact, it's a floor. During these times when there's so much accumulated wealth sitting in our endowments, the public rightly is asking questions about just how much of that we are using and towards what end.
Q: Where do you derive this sense of 'radical hope' at the end of your book?
A: As a poor kid in rural Texas, I was given the license to dream. In fact, I was encouraged to dream and to believe that it will be possible for me to overcome the circumstances into which I was born. I've lived on both sides of the line of inequality. And I feel incredibly fortunate. But I'm also sobered by the gap between the privileged and the poor and the working-class people in America. It has widened during my lifetime and that is something I worry a lot about.
But I'm hopeful because I think about my ancestors who were Black, enslaved, poor. African Americans, Black people, Black Americans have been hopeful for 400 years and have been patriots in believing in the possibility that this country would realize its aspirations for equality and justice. That has been our North Star.
Q: Heather Gerken, the dean of Yale's law school, was recently named as your successor. Why is it important to have a leader with a legal background and an expertise in democracy?
A: She is the perfect leader for Ford because she understands that at the center of our work must be a belief in democracy and democratic institutions and processes. She is also a bridge builder. She is a coalition builder. She's bold and courageous. I'm just thrilled about her taking the helm of the Ford Foundation.
It is a signal from the Ford Foundation Board of Trustees that we are going to double down on our investment and our commitment to strengthening, protecting and promoting democracy.
Q: Youtold AP last year that, when you exited this building for the last time, you'd only be looking forward. What does 'forward' mean to you now?
A: I have resolved that I don't want to be a president or a CEO. I don't need to be a president of CEO. I think leaders can become nostalgic and hold onto their own history. Now there's no doubt, I know, that my obituary is going to say, 'Darren Walker, the president of the Ford Foundation." That's the most important job I'll ever have. But hopefully I'll be able to add some more important work to that.
___
Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.
James Pollard, The Associated Press
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

4 Types of Workers Could Save Big Under Trump's Overtime Tax Break
4 Types of Workers Could Save Big Under Trump's Overtime Tax Break

Yahoo

time30 minutes ago

  • Yahoo

4 Types of Workers Could Save Big Under Trump's Overtime Tax Break

President Donald Trump's signature One Big Beautiful Bill Act (OBBBA) includes a provision that allows employees who work more than 40 hours per week to deduct a portion of their overtime pay from their taxable income. The 1938 Fair Labor Standards Act (FLSA) guarantees pay of at least 1.5 times a worker's regular wages for every hour worked over 40 in a given seven-day period. Traditionally, time-and-a-half pay has been subject to federal income taxes, including those that fund Medicare and Social Security. However, from 2025 through 2028, eligible taxpayers can deduct up to $12,500 in overtime pay, or $25,000 for joint filers, without itemizing, provided they earn less than $150,000, at which point the deduction begins to phase out. However, the FLSA and its numerous subsequent updates have carved out exceptions for executives, administrative and professional employees, those in certain computer and sales occupations and others who are exempt from overtime pay protection. Therefore, many Americans won't benefit from the new rule. This article profiles those who likely will. Check Out: Read Next: Nurses According to the Lore Law Firm, at least 18 states have laws regulating mandatory overtime for nurses. In much of the country, however, these crucial healthcare workers are often required to work more than 40 hours per week, whether they want to or not, to compensate for persistent staffing shortages. As early as 2004, the CDC was reporting on the heavy toll that mandatory overtime was taking on nurses and their patients, citing fatigue, burnout, diminished work performance and increased error rates due to long hours of stressful work. Roughly 20 years later, ShiftMed reported that little had changed. The OBBBA stands to give millions of nonexempt nurses a break — on their taxes, at least, if not at their workplaces. See More: Law Enforcement Like nurses, law enforcement officers play a crucial role in society that often requires them to work overtime. Also like nurses, many seek extra hours voluntarily, but often don't have a choice. According to the Bureau of Labor Statistics (BLS) Occupational Outlook Handbook page for police and detectives, 'Paid overtime is common, and shift work is necessary to protect the public at all times.' Tradespeople Overtime is common in many trades occupations. Like police officers and nurses, the nature of their work often makes extra hours an unavoidable part of the job. The following are some of the many circumstances that can keep them working beyond 40 hours per week. Emergency repairs Installations with tight deadlines Frequent calls after regular business hours Spikes in demand during extreme weather events The tradespeople most likely to work overtime — and therefore benefit from the new OBBBA provisions — are: Welders Plumbers Electricians Construction workers HVAC techs Manufacturing Employees According to the BLS, the average manufacturing employee works between 3.6 and 3.7 hours of overtime per week, or roughly 14.6 hours of time-and-a-half pay per month. That's nearly 190 overtime hours per year — much of which will now be tax-deductible. In fact, reliance on overtime is so common in the sector that the industrial staffing firm Traba wrote a report with striking similarities to the ShiftMed report on the nursing crisis. Chronic understaffing as high as 34% in some industries forces manufacturing companies to pay staggering levels of overtime compensation, with some employees racking up 500 overtime hours per year or more. Similarly to nursing, the result is often burnout, diminished performance and preventable accidents, often to the most seasoned and reliable employees. More From GOBankingRates 5 Cities You Need To Consider If You're Retiring in 2025 This article originally appeared on 4 Types of Workers Could Save Big Under Trump's Overtime Tax Break Sign in to access your portfolio

Former U.S. Senator and ambassador to NATO Kay Bailey Hutchison discusses Central Texas flooding, foreign policy issues
Former U.S. Senator and ambassador to NATO Kay Bailey Hutchison discusses Central Texas flooding, foreign policy issues

CBS News

time32 minutes ago

  • CBS News

Former U.S. Senator and ambassador to NATO Kay Bailey Hutchison discusses Central Texas flooding, foreign policy issues

In a one-on-one interview, former U.S. Senator and ambassador to NATO Kay Bailey Hutchison and CBS News Texas political reporter Jack Fink discussed a range of topics, including the tragic flooding in Central Texas, U.S. foreign policy actions in Iran, NATO's defense commitments, tariffs and her continued civic engagement in Texas. Hutchison called the deadly flooding in Central Texas "unbelievable" and "like a tsunami". When asked about what role Congress could play in trying to prevent something like this from happening again, she responded that this was "something that no one ever expected". "So we know the worst can happen. And so we will prepare better, I'm sure, from what we're learning. But it was horrific. And I couldn't stop thinking about those parents who have had to wait and wait and just knowing. I mean, I've put my children on a bus to go to summer camp. That was supposed to be the highlight of the summer. And then to have this happen is just beyond what anyone, any parent, should have to endure." Hutchison says that she knows children and grandchildren of families that were affected by the floods. "You can't say anything to make it better, but you can say, you know, that you have the support of our fellow Texans to get through a horrible time." "I think it was exactly the right thing to do," said Hutchison in regard to the U.S. bombing of Iran. "I think it was it was a plan that had been on the shelf for years. You could tell the research that had been done, where our intelligence knew when there was a point at which we could not stand by. And I think it was well orchestrated and absolutely the right thing to do." Jack asked Hutchison: How does the US try to ensure that Iran doesn't try to rebuild its nuclear weapon capability? "We must be sure that they are not going to have enough capability to build a bomb because think of all the terrorism that the Iranian regime has perpetrated on our country, on other countries in the region, on our soldiers in the region. And then to think that we would allow them to have now terrorist activities with nuclear capabilities is unthinkable. And I think the president is right to say we're not going to stand by. I think we have done all of the right things, and I think we have to have assurances in order to, be able to check and make sure that they're not enriching beyond what they need for their own domestic heat and air conditioning. But, you know, the amount of uranium that they were enriching was not for domestic use, it is way beyond domestic use. And we've got to make sure they don't have that capability. They're not trustworthy. And we're doing the right thing. We're allying with others in the region who are also supporting what we're doing, is Israel, of course. But other Arab nations in the region are supporting what we're doing." Hutchison was the ambassador to NATO for the U.S. during the first Trump Administration. Jack asked Hutchison about NATO recently agreeing to pay 5% of GDP for its own defense. "I think 5% is very important. I think it is a huge success for America to ask Europe to stand up. And they're now agreeing to do that. I think the 3.5% is our interoperability. It's the hard assets. And then the 1.5% goes to other support or, security." "I think it's a very positive, productive course that we're on. And I think that it shows the resilience of NATO. And once again, the adaptability of NATO. We have lasted for 75 years by adapting to our common adversaries and our Europeans. Now, with Canada and North America have said we have common adversaries, and we have to deter against any kind of encroaching any of those common adversaries." When it comes to President Trump's tariffs, Hutchison notes that trade fairness involves more than tariffs, and that non-tariff barriers also matter. "You just have so many things that have to be adjusted," said Hutchison. "For instance, the problems with the European Union are really tariffs in one sector, but it's also non-trade barriers of what they do to our big tech companies, where we have done so much of the creativity with our big tech companies, and they put an extra, really, barrier, I have to say. It's more than a tariff. It's a barrier." "But it's not just tariffs. It is and which you all we all want to be as fair as we can make it with every country. But it's also non-tariff barriers that box us out because we are the creative ones. And we have put the investment into the creativity. So yes, we have to earn that back, and make the profits so that we can continue to lead the world in creativity." When asked about her continued engagement in the community, Hutchison said, "Every way that I can give back, I want to." "I've stayed active, and I am active. With my former colleagues in the Senate. I am on several boards, so I'm active in the arena, and I love Dallas, I love Texas, and I want to do everything I can to be important for our community."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store