Florence and John Schumann Foundation
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The Florence and John Schumann Foundation was established in 1961, by Florence Ford and John Schumann. The foundation states that its purpose is to renew the democratic process through cooperative acts of citizenship, especially as they apply to governance and the environment.
Establishment
John Schumann was a member of the Florida Citrus Commission and he founded several banks and credit unions. He eventually became president of the General Motors Acceptance Corporation. Florence Ford brought to the Foundation wealth that she had inherited from her father, who was one of the founders of International Business Machines Corporation (IBM).
Officers and trustees, of the foundation, include Robert F. Schumann, chairman, Bill D. Moyers, president, and W. Ford Schumann, vice president.
Statistics
The foundation reported 2001 assets of $60,963,043 and expenditures of $5,096,495. Recipients of recurring Schumann Foundation grants during the 1990s, ranging from under $100,000 to more than $5 million annually, include the Tides Foundation and Tides Center, Environmental Working Group, Union of Concerned Scientists, Natural Resources Defense Council, Western Organization of Resource Councils, Institute for Agriculture and Trade Policy, and the Center for Media and Democracy.
Reported investment holdings include shares in British Petroleum, Columbia Gas Systems, Conoco Inc., Keyspan Energy, Noble Affiliates (oil and gas exploration and development), Pioneer Natural Resource Company (oil and gas exploration and development), Royal Dutch Petroleum Company, Shell Transportation and Trading Company and Ford Motor Company.
External link
- Schumann Foundation (http://www.undueinfluence.com/schumann_foundation.htm)