It's hard to believe, but just 30 years ago, metro Detroit had no endowed family foundations. In recent years, however, names like Erb, Fisher, Davidson, Taubman, and Wilson have become well known to the people of metro Detroit—and for not how members of those families made their fortunes, but for how they are giving them away.
"The patriarchs of several major philanthropic Metro Detroit families have died in the last two years, leaving survivors, younger generations and foundation employees to carry on their legacies," writes Jennifer Chambers in a recent feature in the Detroit News on the increasing economic and social impacts family foundations are making on metro Detroit.
"The impact of family foundations will be felt far and wide in the next decade, with billions of dollars coming into Detroit and the region, said Mariam Noland, president of the Community Foundation for Southeast Michigan."
Read more in the
Detroit News.
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