AS DETROIT STRUGGLES, FOUNDATIONS SHIFT MISSION
Submitted by Tommer on March 23, 2009
The long economic decline of Detroit has prompted Hudson-Webber and other foundations in the region to change how they operate. Faced with sharply declining resources and exploding need, they are being forced to pick winners and losers, engaging in what Larry M. Gant, a professor of social work at the University of Michigan, calls “triage.”
“Insolvent organizations need to be dissolved, weak ones need to be merged and acquired, and only the strongest should receive the stimulus they need to become more financially sound,” Dr. Gant said. “It’s simple in theory but hard in practice.” Read More