Trickle-down effect: GM Foundation slashes arts and cultural funding
This year's giving will be nowhere near that amount. A final budget hasn't been established, but the GM Foundation has told groups like the Detroit Symphony Orchestra, the Detroit Institute of Arts, the Michigan Opera Theater, and Mosaic, a youth group, not to expect any funding this year. An executive from the foundation said that bridge loan money won't be used for philanthropy -- that doesn't mean the arts won't get any funding; it just lets them know that they'll need to start looking elsewhere for alms.
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