Led by a handful of foundations set to significantly increase giving following the deaths of their wealthy founders, family-run philanthropies are upping their impact in the Detroit metropolitan area, The Detroit News writes.
The Ralph C. Wilson Jr. Foundation will announce grants today to 20 southeastern Michigan charities as it begins spending down the $1 billion-plus legacy from its founder. Mr. Wilson, a Detroit native who owned the Buffalo Bills, died in 2014 and willed most of the proceeds from the football team's sale by his estate to the foundation.
The region is also expected to see major investment by the A. Alfred Taubman Foundation after the sale of its late namesake's $500 million art collection is completed early next year. The Erb Family Foundation, the Max M. & Marjorie S. Fisher Foundation, and the William Davidson Foundation, all formed in the last decade, are channeling additional private wealth into Detroit-area causes under the leadership of their founders' heirs.