Monday, June 15, 2015
Ford Foundation Board Making Rare Detroit Visit
There are also plans for a "grand bargain" reunion during the three-day visit, a gathering of top leaders in national and local philanthropy who collaborated to create a $816 million, 20-year commitment from foundations, private companies and state taxpayers to shore up Detroit's pensions funds and avert a bankruptcy fire sale of city-owned art.
Ford Foundation President Darren Walker said all 16 trustees will be in Detroit on Tuesday for a board meeting in the city. Trustees will also be meeting individually with nonprofit organizations that receive grant money from the foundation....