If you've ever wanted to apply for a job heading a $2 billion foundation, now's your chance.

The Ford Foundation has begun its search for a new president to replace McGeorge Bundy and it is making the search very public today with an advertistment that "invites nominations and applications for the position of president."

The applications and nominations, the advertisement says, "should include a resume, references, and as much other relevant information as possible."

The job description says the foundation's president, with the assistance of some 450 staff members at the New York headquarters and other abroad, "leads in proposing the foundation's philarthropic objectives, operating policies, and program and management budgets."

The president also "directs the staff . . . in evaluating grant applications and in recommending to the board of trustees grant making programs."

Bundy, named to the presidency in 1966, announced several years ago he intended to step down in 1979. The advertisement says the new president is expected to take office in mid-1979, which foundation spokesman Richard Magat said was according to the original schedule.

Magat said the advertisement's purpose is "to widen the net" as the foundation looks for its new leader.

The advertisement appears today in The New York Times and will run later in The Washington Post, Wall Street Journal, Chronicle of Higher Education and Los Angeles Times.

The advertisement asks that applications be sent to Alexander Heard, chancellor of Vanderbilt University and chairman of the foundation's search committee, at the foundation's headquarters.

So a propective president of knows what he's getting into, the advertisement includes two paragraphs describing the foundation, which was chartered in 1936 "dedicated to the advancement of human welfare."

The private, nonprofit foundation says recent major efforts have been made "to help advance equal opportunity, alleviate urban problems, insure fiarness and efficiency in the administration of justice, and improve the performance of schools, colleges and universities.

"In addition, the foundation has supported the development of public television, policy research on energy, resources, land use, and environmental pollution."

One thing the ad doesn't mention is salary. When Bundy started he was paid $75,000 a year.