Credit John McNeill / WMUK
The privately funded foundation that supports services in the City of Kalamazoo got a major boost on Wednesday, July 28.
On the steps of City Hall, Mayor David Anderson announced that the it has has received a very large anonymous gift. The City of Kalamazoo has received a $400-million to fund the Foundation for Excellence.
The donation brings the foundation s endowment up to the goal of half-a-billion dollars.
The city says FFE allowed the city to cut property tax rates in 2017. Anderson says the new gift will keep tax rates low and city services funded. It means the capacity to keep our property taxes lower. That s huge.
What Does Kalamazoo $400M Endowment Mean? Start with Lower Taxes
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What Does Kalamazoo $400M Endowment Mean? Start with Lower Taxes
wkmi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wkmi.com Daily Mail and Mail on Sunday newspapers.