Tuesday, January 20, 2015
Ford Foundation's Work Doesn't End with 'Grand Bargain'
Saying its $125 million “grand bargain” commitment to Detroit was a beginning, not an end, the Ford Foundation is pledging $10 million in grants to the city for 2015.
The New York-based foundation provided the largest donation — $125 million — to the grand bargain, part of the city’s 2014 bankruptcy plan to shield city-owned art and shore up city pensions. That same year it granted an additional $14.75 million to charities and nonprofits in Metro Detroit....