Detroit Three Contribute $26M To Detroit Grand Bargain Fundraiser

Cameron Aubernon
by Cameron Aubernon

As part of the overall strategy of lifting Detroit out of bankruptcy, the Detroit Three have signed on to provide the Detroit Institute of Arts with a $26 million contribution to be distributed over the next 20 years.

Detroit Free Press reports Ford and General Motors each contributed $10 million, while Fiat Chrysler Automobiles threw in $6 million to the pot. Toyota added $1 million, and a group of suppliers gave the museum $2.2 million.

The total contributions made up part of the $100 million DIA had sought for its part of a grand bargain fundraising effort at the center of Detroit’s restructuring plan, an effort totalling $816 million that would go to reduce employee pension cuts and save the museum’s collection from the auction block.

The Detroit Three’s contribution took some time to work out, as their respective charitable foundations normally commit to one-time and short-term donations. Thus, the trio came together to meet with other foundations to understand how best to go about throwing down for the cause, as well as with Judge Gerald Rosen, the judge who helped put the grand bargain together. By April, Ford committed its $10 million, with GM and its foundation splitting their contribution, and FCA directly adding its $6 million.

Cameron Aubernon
Cameron Aubernon

Seattle-based writer, blogger, and photographer for many a publication. Born in Louisville. Raised in Kansas. Where I lay my head is home.

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  • Petezeiss Petezeiss on Nov 13, 2014

    Why? The DIA may as well be in the path of the Kilauea lava flow.

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    • Alexndr333 Alexndr333 on Nov 13, 2014

      @petezeiss "I have no information, but have developed a clear, unassailable opinion." Gotta love the internet. Why don't you go out and learn something on the subject before engaging your keyboard? Is that so hard?

  • -Nate -Nate on Nov 13, 2014

    What I want to hear is Mayoral and Council Members taking pay cuts ~ _NOT_ the Rank and File Employees money being STOLEN ~ do not forget : they ALREADY PAID for their pensions . -Nate

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    • MBella MBella on Nov 15, 2014

      @dtremit The problem was that Mr. 500k sold that ballot measure as free admission. It wasn't really free, just made every household in the the three Detroit metro counties pay up front, whether they visit or not. This art gallery should be run by admissions, and charitable donations such as those in the article. If they can't run the place on that, then the market has spoken. I would rather pay for some firefighters than give $500k to this dirtbag.

  • Duaney Duaney on Nov 13, 2014

    Since all of Detroit's financial problems stem from gross mismanagement, is this money going down the same rabbit hole?

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    • Bball40dtw Bball40dtw on Nov 13, 2014

      @28-Cars-Later COMMENT EATEN AGAIN!!!! Anyway, I will be happy if Detroit is known for anything that doesn't include looking like Beruit from 1982, but without a civil war.