#USA #New York #Ford Foundation #Global Equity #Richard Verma

Richard R. Verma Rejoins Ford Foundation

On April 21, 2025, the Ford Foundation made a significant announcement regarding the appointment of Richard R. Verma to its Board of Trustees. Verma, who has held prominent positions in U.S. diplomacy and law, including former ambassador to India and U.S. deputy secretary of state, will bring a wealth of experience back to the foundation’s efforts aimed at advancing equity and justice.

A Glimpse into Verma's Career

Richard R. Verma's career is distinguished by significant contributions across various sectors, including government, law, and the private sector. Before rejoining the Ford Foundation, he was involved with global public policy at Mastercard and served in critical roles, such as U.S. ambassador to India, from 2014 to 2017. during which he oversaw one of the largest U.S. diplomatic missions. His tenure in India was marked by major advancements in bilateral relations, focusing on defense, trade, and clean energy initiatives.

Aside from these roles, Verma has been deeply involved in U.S. national security and foreign policy advisory, contributing to distinguished boards such as the National Endowment for Democracy and the T. Rowe Price corporate board. His educational background is equally impressive, holding a Ph.D. from Georgetown University and a J.D. from American University's Washington College of Law.

A Vision for a Just World

Verma expressed his enthusiasm about returning to the Ford Foundation, stating, "I look forward to rejoining the Ford Foundation's work to advance equity worldwide." He aims to collaborate closely with fellow trustees to tackle critical issues of inequality, reinforcing the foundation's commitment to human dignity and social justice.

As the foundation continues its mission to reduce poverty and encourage global collaboration, Verma’s insights from both domestic and international perspectives will be invaluable. Francisco G. Cigarroa, Chair of the Board of Trustees, emphasized the honor and distinction of having Verma back, noting his experience and leadership capabilities as a pivotal asset for the foundation’s strategic goals.

Commitment to Social Justice

Verma's association with the Ford Foundation transcends his professional achievements; it is also personal. His father immigrated to the United States from India on a Ford Foundation fellowship in 1963, highlighting the foundation's long-standing impact on Verma's family.

Darren Walker, the Ford Foundation president, stated, "We are fortunate to have Richard's expertise and unique perspective as a leader who has spent his career tackling the world's greatest challenges. His insights and passion will be essential to furthering our mission of a more just and equitable world.”

Governance and Future Direction

The Ford Foundation Board appoints trustees who serve six-year terms, playing a crucial role in shaping the foundation’s grantmaking policies, geographic focus, and governance standards. Verma's return is anticipated to influence these policies positively as the foundation navigates ongoing global challenges, including promoting international cooperation and human advancement.

As the Ford Foundation reaffirms its commitment to justice and equity, Richard R. Verma is set to play a key role in shaping its future initiatives, ensuring that the historic mission of the organization continues to align with current global realities. With a robust endowment and a dynamic vision for the future, the Ford Foundation, under the guidance of its elected trustees, remains steadfast in its determination to be a leader in the global fight for equality and justice.