OVERVIEW: GE Foundation supports global development organizations working in least developed and developing countries around the world.
IP TAKE: The GE Foundation tends to award its global development related grants to larger international NGOs rather than grassroots and local organizations.
PROFILE: The GE Foundation is the philanthropic arm of the multinational conglomerate General Electric. The foundation “works to solve some of the world’s most difficult problems.” It does so through its grantmaking programs: Education & Skills, Developing Health, and Disaster & Humanitarian Relief. The foundation also operates a Matching Gifts program. GE created the program in 1954 to support its employee’s personal philanthropy. The company provides a 1:1 donation match.
While GE does not name global development as a top giving priority for the foundation, GE award a decent number of grants in the global development space. For example, according to the foundation’s tax filings, Assist International and the Center for Global Development are past grantees. Grants from the foundation can be sizable. Some range from $1 million to $5 million. Most grants however, range from $25,000 to $500,000.
The GE Foundation does not accept unsolicited grant applications or requests for funding and instead, chooses grantees through “ongoing research in the field.” Grantseekers may contact the foundation at email@example.com.
- Susan Peters, Board Chair
- Deborah Elam, President