Encyclopedia > John D. and Catherine T. MacArthur Foundation
The John D. and Catherine T. MacArthur Foundation is a private, independent grantmaking institution. It is most widely known for its significant support of the Public Broadcasting System and for the MacArthur Fellowship Program, also known as the "genius awards". It was founded by John D. MacArthur.
Dr. John Corbally was the first president of the foundation, serving from 1980 till 1989.
MacArthur Fellowship
Main category: MacArthur Fellows
The MacArthur Fellowship (sometimes nicknamed the "genius grant") is an award issued by the MacArthur Foundation each year, to typically 20 to 40 citizens or residents of the USA, of any age and working in any field, who "show exceptional merit and promise for continued and enhanced creative work". As of 2002, the monetary award consists of an unrestricted grant of $100,000 per year, issued quarterly for five years.
Current recipients
List of MacArthur Fellows organized by terms of their awards.
The Foundation's President is Jonathan F. Fanton, formerly President of the New School for Social Research.
William T. Kirby, JohnMacArthur's attorney, along with Paul Doolen, MacArthur's CFO, suggested that the MacArthurs create a foundation to be endowed by their vast fortune.
John Corbally was the second president of the foundation, who served from 1980 until 1989.
John Donald MacArthur (March 6, 1897 – January 6, 1978) was an American businessman and philanthropist who established the JohnD. and CatherineT. MacArthurFoundation, benefactor in the MacArthur Fellowships.
Because of MacArthur's extraordinary vision and leadership, Bankers Life created altogether new financial markets: Bankers Life is today a leader in long term care insurance in the U.S. The company is today publicly held with a capitalization of approximately $6 billion.
MacArthur's sister-in-law was the esteemed actress Helen Hayes.
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