1 00:00:02,520 --> 00:00:08,840 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The philanthropic arm of 2 00:00:08,880 --> 00:00:12,000 Speaker 1: the Ford Motor Company is the first to have donated 3 00:00:12,039 --> 00:00:15,400 Speaker 1: more than one hundred million dollars in partnership with Global Giving. 4 00:00:15,480 --> 00:00:18,520 Speaker 1: Here to discuss that milestone and the role of large 5 00:00:18,520 --> 00:00:22,040 Speaker 1: companies in charity is Mary Culler. She is the president 6 00:00:22,120 --> 00:00:24,800 Speaker 1: of Ford Philanthropy and it's great to have you, marry on. 7 00:00:25,720 --> 00:00:28,200 Speaker 1: I guess Giving Tuesday was yesterday, but we should always 8 00:00:28,240 --> 00:00:30,600 Speaker 1: be thinking about what we can do to help out 9 00:00:30,640 --> 00:00:35,280 Speaker 1: in global crises. Tell us first of all about Global Giving. 10 00:00:35,280 --> 00:00:38,120 Speaker 1: You've been in partnership with them for many years and 11 00:00:38,159 --> 00:00:39,080 Speaker 1: how you work together. 12 00:00:40,320 --> 00:00:42,839 Speaker 2: Well, good morning and nice to see you, Matt and Danny. 13 00:00:43,320 --> 00:00:46,080 Speaker 2: This is a historic milestone and what's really exciting is 14 00:00:46,120 --> 00:00:48,760 Speaker 2: Global Giving has been a partner of ours for years. 15 00:00:48,840 --> 00:00:52,479 Speaker 2: They really serve as the bridge for connecting with nonprofits 16 00:00:52,520 --> 00:00:54,560 Speaker 2: all across the world. And so when we think about 17 00:00:54,560 --> 00:00:57,480 Speaker 2: this milestone, it's not only about the money, but it's 18 00:00:57,520 --> 00:01:01,000 Speaker 2: the multiplier effect that a company liked Motor Company can 19 00:01:01,040 --> 00:01:05,200 Speaker 2: bring with our employees with the expertise we bring with 20 00:01:05,240 --> 00:01:08,279 Speaker 2: our vehicles, and of course we have this incredible dealer 21 00:01:08,440 --> 00:01:11,800 Speaker 2: network all across the globe that all get involved in 22 00:01:11,840 --> 00:01:13,240 Speaker 2: support of these nonprofits. 23 00:01:14,040 --> 00:01:18,319 Speaker 3: Mary, the good news is the contributions you're making to societies. 24 00:01:18,360 --> 00:01:20,919 Speaker 3: The bad news is how many different things it feels 25 00:01:20,959 --> 00:01:23,760 Speaker 3: like they're out there that need this kind of funding, 26 00:01:23,920 --> 00:01:27,200 Speaker 3: be it rising inequality, be it issues of climate change, 27 00:01:27,319 --> 00:01:29,680 Speaker 3: and by the way, all those things happening in very 28 00:01:29,680 --> 00:01:32,920 Speaker 3: many different places in the world. It can be enough 29 00:01:32,920 --> 00:01:35,480 Speaker 3: to kind of feel paralyzing. So how do you afford 30 00:01:35,760 --> 00:01:40,600 Speaker 3: filmthrop at Ford decide exactly where that money goes and 31 00:01:40,600 --> 00:01:41,920 Speaker 3: what projects to take on. 32 00:01:43,080 --> 00:01:45,160 Speaker 2: Well, I think that's a great question because there is 33 00:01:45,200 --> 00:01:47,040 Speaker 2: so much need and so what we try to do 34 00:01:47,120 --> 00:01:50,520 Speaker 2: at Ford Philanthropy is really bring our superpower to the table, 35 00:01:50,960 --> 00:01:54,120 Speaker 2: and so we have really focused on things like disaster relief, 36 00:01:54,240 --> 00:01:59,040 Speaker 2: community building because what we've learned is in partnerships with nonprofits, 37 00:01:59,120 --> 00:02:02,040 Speaker 2: we not only bring the philanthropic dollars, but we can 38 00:02:02,040 --> 00:02:06,200 Speaker 2: bring things like our vehicles. So imagine during a hurricane 39 00:02:06,360 --> 00:02:09,240 Speaker 2: or during some kind of disaster, there is a need 40 00:02:09,280 --> 00:02:12,120 Speaker 2: for nonprofits to have sort of an increase of vehicles 41 00:02:12,120 --> 00:02:13,720 Speaker 2: to get out and do the work they do. So 42 00:02:13,760 --> 00:02:16,320 Speaker 2: we have a loaner program through our dealers for that. 43 00:02:16,840 --> 00:02:20,240 Speaker 2: We have our people. We've extended our volunteer policy so 44 00:02:20,280 --> 00:02:23,200 Speaker 2: that people can deploy when there's a disaster and go 45 00:02:23,280 --> 00:02:26,040 Speaker 2: and actually you know, get in there and help. And 46 00:02:26,080 --> 00:02:28,320 Speaker 2: then the dealer network, As I said, what I've been 47 00:02:28,400 --> 00:02:31,720 Speaker 2: incredibly impressed by is that because we are more focused 48 00:02:31,720 --> 00:02:34,640 Speaker 2: in these areas together as a company, we've been able 49 00:02:34,680 --> 00:02:38,360 Speaker 2: to network together incredible impacts. So for example, you know, 50 00:02:38,400 --> 00:02:40,520 Speaker 2: we have dealers who are doing blood drives, we have 51 00:02:40,560 --> 00:02:43,680 Speaker 2: dealers who are doing food drives, all in sort of 52 00:02:43,720 --> 00:02:48,160 Speaker 2: support of this combined effort. And just recently, dealers across 53 00:02:48,200 --> 00:02:51,239 Speaker 2: the world actually did a food drive and there was 54 00:02:51,280 --> 00:02:54,720 Speaker 2: a donation of two million pounds of food. We've done 55 00:02:54,760 --> 00:02:57,200 Speaker 2: blood drives where the American Red Cross has said this 56 00:02:57,280 --> 00:03:00,400 Speaker 2: is so incredible because you're getting new blood donors. So 57 00:03:00,480 --> 00:03:03,200 Speaker 2: I think a company, if we can find our sweet 58 00:03:03,200 --> 00:03:06,000 Speaker 2: spot like we have in these areas, can bring the 59 00:03:06,000 --> 00:03:08,320 Speaker 2: full power of what you know, we can do to help. 60 00:03:08,680 --> 00:03:10,520 Speaker 1: Yeah. So I mean Ford has like something like one 61 00:03:10,600 --> 00:03:13,000 Speaker 1: hundred and seventy thousand employees, right, but if you include 62 00:03:13,040 --> 00:03:16,680 Speaker 1: the massive dealership network and the supplier network, it's going 63 00:03:16,760 --> 00:03:21,840 Speaker 1: to I imagine grow to millions. You're also very global right. 64 00:03:21,919 --> 00:03:25,440 Speaker 1: I know that you have production facilities for example, for 65 00:03:25,480 --> 00:03:29,040 Speaker 1: example in Valencia where you've been able to help out 66 00:03:29,080 --> 00:03:32,680 Speaker 1: with the horrible flooding that they had. You've been able 67 00:03:32,680 --> 00:03:36,320 Speaker 1: to help out in Turkey where they had awful earthquakes. 68 00:03:36,920 --> 00:03:42,120 Speaker 1: These global crises, do you feel a responsibility to respond 69 00:03:42,920 --> 00:03:44,560 Speaker 1: not just to what's going on in the US but 70 00:03:44,600 --> 00:03:45,280 Speaker 1: around the world. 71 00:03:46,120 --> 00:03:48,800 Speaker 2: Absolutely. And I think what's really great is because we 72 00:03:48,880 --> 00:03:52,120 Speaker 2: have this focused effort around is US relief. We have 73 00:03:52,160 --> 00:03:54,880 Speaker 2: a turnkey, you know kind of moment where we already 74 00:03:54,880 --> 00:03:58,440 Speaker 2: have our nonprofits established. You know, we have the dealers 75 00:03:58,480 --> 00:04:01,320 Speaker 2: sort of ready to go, we have ourmployees ready to volunteer. 76 00:04:01,760 --> 00:04:05,080 Speaker 2: And so recently, for example, during the Texas flooding, within 77 00:04:05,280 --> 00:04:08,640 Speaker 2: twenty four hours, the dealers were already activated, we had 78 00:04:08,720 --> 00:04:11,400 Speaker 2: vehicles on the ground helping our nonprofits, we had our 79 00:04:11,480 --> 00:04:14,920 Speaker 2: volunteers deployed, and we were doing everything we could to 80 00:04:15,000 --> 00:04:17,560 Speaker 2: help in that situation. And I think that's the power 81 00:04:18,000 --> 00:04:20,919 Speaker 2: of a company like Ford. You know, when our backs 82 00:04:20,960 --> 00:04:23,760 Speaker 2: against the wall, there's no better company to kind of 83 00:04:23,839 --> 00:04:26,599 Speaker 2: rise to the occasion. We've seen that throughout history, and 84 00:04:26,680 --> 00:04:29,719 Speaker 2: our commitment community is so great that if we can 85 00:04:29,760 --> 00:04:32,160 Speaker 2: find that sort of sweet spot where we can bring 86 00:04:32,200 --> 00:04:35,320 Speaker 2: the entire power of our company to bear. I think 87 00:04:35,360 --> 00:04:38,200 Speaker 2: we just have a much better opportunity to make a difference. 88 00:04:38,680 --> 00:04:45,000 Speaker 1: You know, the aim of the more libertarian administrations in 89 00:04:45,040 --> 00:04:47,960 Speaker 1: this country is to pull back on what the government 90 00:04:48,000 --> 00:04:52,120 Speaker 1: pays for because then the private charity will step in. 91 00:04:52,160 --> 00:04:54,640 Speaker 1: And I wonder if you feel more pressure on that 92 00:04:54,720 --> 00:04:58,000 Speaker 1: front lately as you cross this milestone. 93 00:04:58,160 --> 00:05:00,839 Speaker 2: Well, we've certainly gotten a lot more. And you know, 94 00:05:00,920 --> 00:05:02,920 Speaker 2: at the end of the day, there's not enough money 95 00:05:02,960 --> 00:05:05,640 Speaker 2: to sustain all the need, you know, as Danny said, 96 00:05:05,720 --> 00:05:07,800 Speaker 2: And so what we really try to do at Ford 97 00:05:07,800 --> 00:05:11,080 Speaker 2: Philanthropy is not only to bring whatever monetary resources we 98 00:05:11,120 --> 00:05:14,720 Speaker 2: can bring, but I think we have these incredible employees, 99 00:05:14,839 --> 00:05:18,160 Speaker 2: these incredible volunteers, and they bring their expertise. I mean, 100 00:05:18,200 --> 00:05:21,640 Speaker 2: for example, recently, food has been a real issue and 101 00:05:22,120 --> 00:05:24,960 Speaker 2: one of our employees was actually volunteering at a food 102 00:05:25,000 --> 00:05:27,800 Speaker 2: bank and she was with our supply chain group, and 103 00:05:27,920 --> 00:05:29,680 Speaker 2: she got there and she realized that the way they 104 00:05:29,680 --> 00:05:31,920 Speaker 2: had set up the entire supply chain for that food 105 00:05:31,920 --> 00:05:34,520 Speaker 2: distribution was not as efficient as it needed to be, 106 00:05:34,720 --> 00:05:36,760 Speaker 2: and so she kind of took it on as her 107 00:05:36,760 --> 00:05:39,279 Speaker 2: own personal project to help them and so they're much 108 00:05:39,320 --> 00:05:41,960 Speaker 2: more efficient, they're getting much more food out every day, 109 00:05:42,000 --> 00:05:44,960 Speaker 2: and so I think that's really the exciting thing is that, 110 00:05:45,000 --> 00:05:47,640 Speaker 2: you know, I'm proud of our employees who always look 111 00:05:47,640 --> 00:05:49,719 Speaker 2: for opportunities to give back and I think in a 112 00:05:49,760 --> 00:05:50,640 Speaker 2: really meaningful way. 113 00:05:50,720 --> 00:05:52,800 Speaker 1: Can I just quickly ask also how closely you work 114 00:05:52,839 --> 00:05:54,680 Speaker 1: with Bill Ford and the Ford family, because I know 115 00:05:54,760 --> 00:05:59,320 Speaker 1: he has been a proponent of the environment for many, 116 00:05:59,360 --> 00:06:01,719 Speaker 1: many decades now and has tried to do what he 117 00:06:01,800 --> 00:06:05,640 Speaker 1: can through obviously the Ford Motor Company assets that he owns. 118 00:06:06,240 --> 00:06:09,080 Speaker 2: Oh my gosh, there's no bigger champion than Bill Ford 119 00:06:09,160 --> 00:06:12,120 Speaker 2: on the community front. You know, he really is our 120 00:06:12,200 --> 00:06:16,480 Speaker 2: north star. You know, he established our volunteer program twenty 121 00:06:16,560 --> 00:06:20,720 Speaker 2: years ago. He's always looking around corners, he's always thinking ahead, 122 00:06:20,800 --> 00:06:23,760 Speaker 2: he's always looking for innovation. So he always challenges me 123 00:06:23,920 --> 00:06:27,240 Speaker 2: personally to look for innovation and philanthropy. And so I 124 00:06:27,320 --> 00:06:29,880 Speaker 2: couldn't be more proud to be a part of a 125 00:06:29,920 --> 00:06:33,000 Speaker 2: company that has a family like the Fords behind it. 126 00:06:33,360 --> 00:06:35,400 Speaker 3: Hey, Mary, so great to hear about the wonderful work 127 00:06:35,400 --> 00:06:39,280 Speaker 3: you're doing at Ford Philanthropy. That's Mary Kohler for philanthropy,