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GENERAL MOTORS FOUNDATION TO CUT FUNDING FOR ARTS GROUPS

Submitted by admin on January 20, 2009

The General Motors Foundation has decided to cut its support for metro Detroit’s top cultural institutions, putting Michigan’s nonprofit community on notice that it could lose millions in funding as the auto industry struggles to survive, the Detroit Free Press reports.

In 2007, the most recent year for which figures are available, the foundation awarded nearly $12 million to Michigan-based organizations—and $31.4 million globally—in areas such as arts and culture, social service, education, and health care. According to GM Foundation chair Rod Gillum, the amount of money the foundation has set aside for charitable causes in 2009 is “nowhere near as big” as the 2007 total, and any nonprofit previously funded by GM should be making contingency plans. Read More.