Editing MacArthur Foundation (section)

{{Short description|American private foundation}}
{{Use mdy dates|date=February 2020}}
{{Infobox organization
| logo                     = MacArth primary logo stacked.svg
| logo_size                = 220px
| leader_title             = President
| leader_name              = [[John Palfrey]]<ref>{{Cite web|url=https://www.macfound.org/about/people/john-palfrey|title = President - MacArthur Foundation}}</ref>
| key_people               = [[John D. MacArthur]] (co-founder) <br /> [[Catherine T. MacArthur]] (co-founder)
| subsidiaries             = 
| footnotes                = 
| name                     = The John D. and Catherine T. MacArthur Foundation
| founded_date             = {{start date and age|1970}}<ref name="AboutOurHistory">{{Cite web |url=http://www.macfound.org/about/our-history/ |title=MacArthur Foundation: Our History |publisher=MacArthur Foundation |access-date=July 14, 2015}}</ref><ref>{{Cite news |last=Nicas |first=Jack |url=https://www.wsj.com/articles/SB10001424053111903374004576580873957522748 |title=The New Class of 'Geniuses' |date=September 20, 2011 |work=The Wall Street Journal |access-date=June 12, 2015}}</ref>
| founder                  = 
| location                 = [[Marquette Building (Chicago)|Marquette Building]], Chicago, Illinois, U.S.
| origins                  = 
| area_served              = 
| product                  = 
| focus                    = Climate change, nuclear challenges, non-profit journalism, local issues in Chicago
| method                   = 
| revenue                  = 
| endowment                = $8&nbsp;billion (2022)<ref>{{Official URL}}</ref>
| num_volunteers           = 
| num_employees            = 
| num_members              = 
| owner                    = 
| homepage                 = {{Official URL}}
| dissolved                = 
| type                     = [[501(c)3 organization]]
| tax_id                   = 23-7093598
}}

The '''John D. and Catherine T. MacArthur Foundation''' is a [[private foundation]] that makes grants and [[impact investment]]s to support [[non-profit organization]]s in approximately 117 countries around the world. It has an endowment of $7.6&nbsp;billion and provides approximately $260&nbsp;million annually in grants and impact investments.<ref>[https://www.macfound.org/media/article_pdfs/audited-financials-macarthurfoundation_fs-aug22.pdf JOHN D.AND CATHERINE T. MACARTHUR FOUNDATION Consolidated Financial Statements]$7.6 billion Net Assets</ref><ref name="inside">{{Cite news |url=http://www.insidephilanthropy.com/fundraising-in-chicago/macarthur-foundation-chicago-grants.html |title=MacArthur Foundation: Chicago Grants |work=Inside Philanthropy |access-date=June 3, 2015}}</ref><ref>{{Cite web |url=https://www.macfound.org/about/financials/ |title=Program Budgets |publisher=MacArthur Foundation |access-date=June 21, 2016}}</ref> It is based in [[Chicago]], and in 2014 it was the 12th-largest private foundation in the United States.<ref>{{Cite web |url=http://data.foundationcenter.org/#/foundations/all/nationwide/top:assets/list/2014 |title=Top 100 U.S. Foundations by Asset Size |publisher=Foundation Center |access-date=June 3, 2015}}</ref> It has awarded more than US$8.27&nbsp;billion since its first grants in 1978.<ref>{{Cite web |title=Financials - MacArthur Foundation |url=https://www.macfound.org/about/financials/ |access-date=2024-08-12 |website=www.macfound.org}}</ref>

The foundation's stated purpose is to support "creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world".<ref name=inside/><ref>{{Cite web |url=http://www.macarthur.org/about/ |title=About Us |publisher=MacArthur Foundation |access-date=June 21, 2016 |archive-url=https://web.archive.org/web/20150630203131/http://www.macarthur.org/about/ |archive-date=June 30, 2015 |url-status=dead }}</ref> MacArthur's grant-making priorities include mitigating [[climate change]], reducing jail populations, decreasing nuclear threats, supporting nonprofit journalism, and funding local needs in its hometown of Chicago.<ref>{{Cite news |last=Daniels |first=Alex |url=https://philanthropy.com/article/Q-A-Inside-MacArthur-s/234874 |title=Inside MacArthur's Rapid Strategic Shift to 'Big Bets' |date=January 11, 2016 |work=The Chronicle of Philanthropy |access-date=June 23, 2016}}</ref> According to the [[OECD]], the foundation's financing for 2019 development increased by 27% to US$109&nbsp;million.<ref>{{Cite web |url=https://www.oecd-ilibrary.org/sites/2dcf1367-en/1/3/3/18/index.html?itemId=/content/publication/2dcf1367-en&_csp_=177392f5df53d89c9678d0628e39a2c2&itemIGO=oecd&itemContentType=book |title=Development Co-operation Profiles – John D. and Catherine T. MacArthur Foundation |website=OECD iLibrary |date= |access-date= }}</ref>
The [[MacArthur Fellows Program]], commonly referred to as the "genius" award,<ref name=":0">{{Cite web |last=Montevideo |first=Mickey Y. |date=2011-10-03 |title=Alumna receives MacArthur Foundation's 'genius award' |url=https://news.uga.edu/macarthur-foundations-genius-award/ |access-date=2020-06-25 |website=UGA Today |language=en-US}}</ref>{{Efn|The MacArthur Foundation does not use the term "genius" to describe its fellows and has asked the media to stop using it.<ref>{{cite web |title=MacArthur Fellows Frequently Asked Questions |url=https://www.macfound.org/fellows-faq |website=MacArthur Foundation |access-date=16 October 2023}}</ref><ref>{{cite web |last1=Conrad |first1=Cecilia A. |author1-link=Cecilia Conrad |title=Five Myths About the MacArthur 'Genius Grants' |url=https://www.macfound.org/press/commentary/five-myths-about-macarthur-genius-grants |website=MacArthur Foundation |access-date=16 October 2023 |date=20 September 2013}}</ref><ref name=Collins>{{cite news |author1=Jim Collins |author1-link=James Collins (bioengineer) |title=It isn't easy being a genius |url=https://www.nytimes.com/2005/09/19/opinion/it-isnt-easy-being-a-genius.html |access-date=16 October 2023 |work=[[The New York Times]] |date=19 September 2005 |url-status=live |archive-url=https://web.archive.org/web/20150418105755/http://www.nytimes.com/2005/09/19/opinion/19collins.html |archive-date=18 April 2015}}</ref><ref>{{cite news |author1=Viet Thanh Nguyen |author1-link=Viet Thanh Nguyen |title=Don't call me a genius |url=https://www.nytimes.com/2018/04/14/opinion/sunday/dont-call-me-a-genius.html |access-date=16 October 2023 |work=[[The New York Times]] |date=14 April 2018}}</ref>}} annually gives $800,000 no-strings-attached grants to around two dozen creative individuals in diverse fields<ref name="myths">{{Cite news |last=Conrad |first=Cecilia |date=September 20, 2013 |title=Five Myths about the MacArthur 'Genius Grants' |newspaper=The Washington Post |url=https://www.washingtonpost.com/opinions/five-myths-about-the-macarthur-genius-grants/2013/09/20/833963b8-213f-11e3-b73c-aab60bf735d0_story.html |access-date=June 23, 2016}}</ref> "who have shown extraordinary originality and dedication in their creative pursuits".<ref name=":0" /> The foundation's ''100&Change'' competition awards a $100&nbsp;million grant every three years to a single proposal.<ref>{{Cite web |title=100&Change |url=https://www.100andchange.org/ |access-date=2020-11-19 |website=100&Change |language=en}}</ref>