Ford Foundation commits $25M to Detroit, $75M more possible
Ford Foundation has pledged $25 million to an economic development fund that the Community Foundation for Southeast Michigan is quietly assembling — and may reach $100 million when complete.
Ford Foundation has pledged $25 million to an economic development fund
that the Community Foundation for Southeast Michigan is quietly
assembling — and may reach $100 million when complete.
Excerpt:
William Hanson, director of communications and technology, declined to
comment on the economic development fund the Community Foundation is
pulling together but said, “Michigan philanthropy can bring significant
resources — both financial and intellectual — to the table, so it makes
a lot of sense for foundations to consider collaborating on critical
issues.”
Read the entire article here.
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