The Ford Foundation will invest $330 million over the next decade to create an international graduate study program designed to further the foundation’s goal of training a new generation of world leaders, the Associated Press reported Nov. 29.
The Ford Foundation International Fellowship Program marks the foundation’s largest initiative ever.
Roughly $280 million will be distributed to 350 graduate students a year over the next 10 years.
Another $50 million will support programs to improve undergraduate education.
The fellowships will be awarded to students from Africa, the Middle East, Asia, Latin America and Russia.
While U.S. citizens are ineligible, fellows can study at American universities.
Fellowship recipients are eligible to receive funding for up to 3 years of master’s or doctoral study at universities anywhere in the world, and will be selected for their leadership potential, academic excellence and commitment to national development.
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