In June 2020, the foundation announced a major strategic shift declaring that it would prioritise social justice in its grantmaking. Mellon's research group has investigated doctoral education, collegiate admissions, independent research libraries, charitable nonprofits, scholarly communications, and other issues to ensure that the foundation's grants would be well-informed and more effective. Some of the recent publications of this effect include
Equity and Excellence in American Higher Education,
Reclaiming the Game: College Sports and Educational Values,
JSTOR: A History,
The Game of Life: College Sports and Educational Values, and
The Shape of the River. Mellon's endowment fluctuates in the range of $5 to $6 billion, and its annual grant-making amounts to about $300 million. According to Alexander, Mellon supports the “work, experiences, and visions of disabled artists." In July 2024, the Ford and Mellon Foundations named 20 "Disability Futures Fellows," including a
Broadway composer, a
Marvel video game voice actress, and a three-time
Pushcart Prize-nominated poet. ==Projects and initiatives==