The Detroit News reports:
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.
There's more:
But for nearly 30 years Ford Foundation ties to Michigan were strained. Henry Ford II quit the board in 1977. In his resignation letter, he criticized the foundation, saying that it was supporting projects critical of American business and had forgotten that the fruits of capitalism had provided its financial base.
In 2005, then-Michigan Attorney General Mike Cox launched an investigation into the foundation, because it was chartered in Michigan, examining its governance, potential conflicts of interest and thin record of giving to its hometown and state.
Is the Ford Foundation a subversive organization?
