policy making

Philanthropic Funding for Community and Economic Development: Exploring Potential for Influencing Policy and Governance

February 17, 2021 // 0 Comments

By Dale Thomson (University of Michigan-Dearborn) | Retired business executives donated $70 million to the City of Kalamazoo to help it respond to increasing fiscal stress. Four foundations purchased a 178-acre industrial site along Pittsburgh’s riverfront to redevelop as a mixed-use site with high sustainability standards. In Detroit, a riverfront park is being redeveloped with a $50 million donation from a local foundation. These stories suggest that, in the age of fiscal austerity, philanthropy is playing an increasingly prominent role in helping cities provide core services and promote community and economic development (CED). Read More