The John D. and Catherine T. MacArthur Foundation is a major grant-making private foundation based in Chicago that has awarded more than US$4 billion since its inception in 1978. It is now one of the ten largest private philanthropies in the United States with an endowment of approximately $5.2 billion (the value dropped by about $1.7 billion in 2008 due to the economic crisis of 2008). The foundation awards approximately $260 million annually in grants and low-interest loans in the United States and... read more