Kellogg Foundation to close two overseas offices

The W K Kellogg Foundation is to close its offices in São Paolo, Brazil, and Pretoria, South Africa, this summer because of asset declines of almost 22 per cent last year. The decision follows the recent announcement by the Ford Foundation of its decision to close offices in Moscow and Vietnam. Sterling Speirn, Kellogg’s president, said Kellogg would continue to support charities in the affected regions and would honour all its grant commitments. ‘Going forward, the foundation will allocate funds to non-profit organizations with a strong local presence, a proven track record, and philosophies that align with those of the foundation,’ he said.

For more information

Next News to read

Make-up of foundation boards crucial to decisions about investment

Alliance magazine