Nearly $27 Million More Raised for Detroit's Art

  • July 16, 2014 21:57

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Van Gogh self-portrait
Detroit Institute of Arts

Companies and foundations are pledging almost $27 million toward the Detroit Institute of Arts’ commitment to raise $100 million as part of a “grand bargain” that will help the city emerge from bankruptcy, support pensioners and protect the museum’s art collection for the public.

The $26.8 million comprises $10 million from Roger S. Penske and Penske Corporation, $5 million from DTE Energy, $5 million from Quicken Loans and the Rock Ventures Family of Companies, $2.5 million from BCBSM, $1 million from Meijer, $1 million from Comerica Bank, $1 million from JPMorgan Chase, $800,000 from Consumers Energy and $500,000 from Delta Air Lines Foundation.

The pledges bring the DIA to almost 80 percent of its grand bargain goal.

Read more at CBS


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