Detroit Institute of Arts is currently owned by its beleaguered city; supporters want to make it a nonprofit before the pillagers arrive.
"Some of the city’s most powerful leaders are working furiously to fashion a grand bargain in which nonprofit foundations would put up $500 million to spin off the Detroit Institute of Arts from the city, and that money would be used to reduce pension cuts and help rebuild city services. The DIA would be established as a nonprofit, independent of city ownership and the foundations. The proposal would save the DIA’s irreplaceable treasures from creditors seeking billions of dollars from the bankrupt city. The goal is to ensure that the museum never again falls prey to the city’s financial woes or politics." -- John Gallagher, Mark Stryker and Nathan Bomey, the Detroit Free Press