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W.K. Kellogg Foundation donating money to save art in Detroit
BATTLE CREEK, Mich. (NEWSCHANNEL 3) - The W.K. Kellogg Foundation is giving $40-million to prevent the sale of Detroit art and help city retirees.
That brings the total money raised so far, to save both, to $370-million.
The group says it wants to continue to attract financial support from foundations and individuals.
In the meantime, Governor Rick Snyder is trying to win approval for $350 million from the state.
The city-owned art at the Detroit Institute of Arts could be vulnerable in Detroit's bankruptcy.
At the same time, Detroit's pension funds are short by $3.5 billion.