Skillman Foundation pledged $3.5m to help defray cost of healthcare commitments to retired Detroit workers, hopes to save art museum in process.
"The Detroit Free Press reports that a locally based philanthropy has pledged $3.5 million to help defray healthcare cuts to retired workers as part of the city’s deal to rescue the Detroit Institute of Arts (DIA) and ease the impact of the city’s bankruptcy on current and former workers. The Skillman Foundation, whose primary mission is improving the lives of children, agreed to contribute money toward the health care costs for retirees. The retirees’ city-paid insurance benefit was cut by about 90 percent. Federal mediators announced the pledge, saying that the contribution, along with those already made, brings the total commitment of the foundation community to the bailout plan to approximately $370 million." -- Larry Kaplan, the Nonprofit Quarterly