OVERVIEW: Moody’s global development largely focuses on microfinance and workforce development.
IP TAKE: While Moody’s has key global development priority areas, it also supports organizations that address pressing global development challenges on several fronts.
PROFILE: The charitable arm of the global financial research and analysis organization Moody's Corporation, the Moody’s Foundation dedicates itself to “making a positive difference in the lives of our employees and our communities around the globe.” The foundation services "not only the geographic communities in which we live and conduct our business operations but also the community engaged in the allocation of credit-sensitive economic resources." Moody's recognizes the importance of education to civil society, and commits itself to "supporting education, in particular the study of mathematics, finance and economics."
The foundation supports grantmaking in the areas of economic development, health and human services, arts and culture and civic programs. On a limited basis, the foundation also supportshealth and human service projects.
In the global development space, Moody’s Economic Development program supports microfinance. Despite education's importance to global development, the foundation tends to support education in the U.S. rather than abroad. The same may be said of its Civic program; however, it makes some exceptions. It only awards a handful of grants through its Economic Development program. Additionally, the foundation tends to award multi-year support to some of its larger international global development organizations. Moody’s grants in this area tend to be substantial and typically fall between $75,000 to $200,000.
The foundation accepts unsolicited letters of inquiry throughout the year via its online platform. Other forms of LOI submission are not accepted. Moody’s will invite the applicants of interest to submit a full proposal.
- Frances Laserson, President
- Elizabeth McCarroll, Vice President