
Franklin A. Thomas
American businessman and philanthropist (1934–2021)
Franklin Augustine Thomas (May 27, 1934 – December 22, 2021) was an American businessman and philanthropist who was president and CEO of the Ford Foundation from 1979 until 1996. After leaving the foundation, Thomas continued to serve in leadership positions in American corporations and was on the board of the TFF Study Group, a nonprofit institution assisting development in South Africa.2
From Wikipedia’s article on Franklin A. Thomas (this version), CC BY-SA 4.0.
Born May 27, 1934, died Dec 22, 2021.1
About
Thomas was chairman of the nonprofit organization September 11th Fund from 2001 to 2004 and was involved in the Nelson Mandela Children's Fund, having served as the manager of its American office.
From Wikipedia’s article on Franklin A. Thomas, shared under CC BY-SA 4.0.2
Companies
- Ford FoundationChair 1979 to 199611
Early life and education
- Date not recordedColumbia University3
- Date not recordedColumbia Law School3
- Date not recordedFranklin K. Lane High School3
Franklin Augustine Thomas was born on May 27, 1934, in the Bedford-Stuyvesant neighborhood of Brooklyn. After the death of his father, his mother, Viola, an immigrant from Barbados, headed the household, where he was the youngest of six children, as a housekeeper and waitress. Thomas attended the Franklin K. Lane High School. He then graduated from Columbia College in 1956, where he was a star basketball player and the first African-American captain of an Ivy League team. He later graduated from the Columbia Law School in 1963 after serving as a navigator in the Strategic Air Command.
From Wikipedia’s article on Franklin A. Thomas (this version), CC BY-SA 4.0.
Career
Occupation: basketball player, businessperson.5
- 1979 to 1996Chair, Ford Foundation4
Thomas worked as an attorney for the Federal Housing and Home Finance Agency (now HUD) in 1963. Thomas was named Assistant U.S. Attorney for the Southern District of New York in 1964. He later served as Deputy Police Commissioner in Charge of Legal Matters for the New York City Police Department for two years, starting in 1965; he was the first African-American to hold the position. Thomas was the first president and chief executive officer of Bedford Stuyvesant Restoration Corporation (BSRC), a non-profit community development corporation, from 1967 to 1977. As president and CEO, Thomas led the organization renovating the exteriors of 3,682 buildings and 123 established businesses, and helped create 3,300 new jobs in the 96-block area. His successes at BSRC raised his profile nationally and he was well-regarded for his pragmatism and persuasiveness.
After leaving the Bedford Stuyvesant Restoration Corporation, Thomas headed a study of US policy toward South Africa for the Rockefeller Foundation recommending peaceful change. Alan J. Pifer, president of the Carnegie Corporation of New York, considered Thomas's direction of the study "brilliant." In 1979, Thomas became the first African-American to head a major foundation when he became president of the Ford Foundation, succeeding McGeorge Bundy. He was chosen out of 300 candidates; he had been a member of the Ford Foundation's board of trustees since 1977. His role came at a time where the foundations assets and resources were limited due to the stock market downturn in the 1970s and a large, cumbersome administration.
As president, he examined the organization's structure, financing, and grant-making practices, and initiated a six-part agenda that was intended to regain managerial and financial control which led to mass firings in 1982, prompting criticism from the trustees. During his tenure as president, he grew the foundation's portfolio of assets to over $6.5 billion; established new programs including the nation's largest community development support organization, Local Initiatives Support Corporation (LISC); and expanded its global reach. He also worked to improve the lives of women through the production of nonsexist textbooks, forming farm organizations in rural areas, increasing the number of female professionals at the Ford Foundation, and instituted paid paternal leave. In 1996, he left the Ford Foundation to concentrate on the problems and opportunities of South Africa as a consultant to the TFF Study Group, which built on his anti-apartheid efforts at the Ford Foundation.
In October 2001, Thomas was appointed the Chairman of the September 11 Fund, which was formed to support the victims, families, and communities affected by the September 11 attacks. He held the position until 2004, overseeing the collection of $534 million and awarding 559 grants totaling $528 million.
Thomas was elected to the American Philosophical Society in 2006.
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Board of directors
Thomas was one of eight Citigroup Inc. directors who served on the boards of multiple corporations at the same time.
Thomas served on the board of directors of Cummins, Inc., Lucent Technologies, Inc., Alcoa CBS, and PepsiCo, Inc.
He was also the second African American to be elected to the Board of Trustees of Columbia University, after fellow Columbia College alumnus M. Moran Weston.
From Wikipedia’s article on Franklin A. Thomas (this version), CC BY-SA 4.0.
Personal life
Thomas married Dawn Conrada, later divorcing in 1972. The couple had four children: two boys and two girls. From 1971 to 1974, Thomas was romantically involved with Gloria Steinem after she interviewed him for an article in New York magazine. He later married Kate Roosevelt Whitney. Whitney is the daughter of James Roosevelt, granddaughter of Franklin D. Roosevelt and Harvey Cushing.
From Wikipedia’s article on Franklin A. Thomas (this version), CC BY-SA 4.0.
Awards
- Date not recordedFour Freedoms Award – Freedom from Want10
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataFranklin A. Thomas on Wikidata
- 2WikipediaFranklin A. Thomas on Wikipedia
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- 11WikidataFord Foundation, Chair
- 12Wikimedia CommonsFranklin A. Thomas photo by Bernard Gotfryd, Public domain