Editorial: Ford Foundation Should Bail Out Namesake Company

Saying the Ford Foundation, in New York, “has gotten fat and famous,” an editorial in The Wall Street Journal suggests that the country’s second-largest grant maker should liquidate and surrender its $13-billion in assets to rescue the Ford Motor Company.

Doing so would be a move in line with the foundation’s mission, the editorial says, giving several examples why. Though the foundation now has “no formal connection” to the car company, the Journal writes, the former was founded in 1936 by the son of Henry Ford.