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3-year guarantee for Gilbert funding in Detroit helps nonprofits

Whether it's eviction defense, home repair or a new wealth accelerator program, the programs will have three years of runway to prove that they're deserving of more investment.

3-year guarantee for Gilbert funding in Detroit helps nonprofits | Crain s Cleveland Business

From Crain's Detroit Business: Since Cavaliers owner Dan Gilbert and his wife, Jennifer, pledged to spend $500 million in Detroit over 10 years, a pattern of funding has started to emerge. In cases where the Gilbert Family Foundation and Rocket Community Fund have placed time limits on their spending, at least seven commitments have been made with three-year guarantees.

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