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Historic announcement for Kalamazoo Foundation for Excellence Wednesday; $400 million dollar endowment gift

Historic announcement for Kalamazoo Foundation for Excellence Wednesday; $400 million dollar endowment gift By Jim McKinney Jul 28, 2021 | 2:45 PM KALAMAZOO MI (WKZO AM/FM) – Kalamazoo Mayor David Anderson, flanked by Foundation for Excellence board members, City Commissioners and city staff, announced Wednesday that the Foundation For Excellence (FFE) has received a $400 million dollar gift. Officials say this is a donation that will allow FFE to continue its mission in perpetuity. “This is a historic moment for Kalamazoo,” City Manager Jim Ritsema said. “This announcement means dependability, ensuring the city will sustainably thrive and equitably serve all residents.” Before the announcement, the Foundation had invested about $120 million dollars thus far in budget stabilization, community projects and property tax savings.

Former Three-Time Kalamazoo Mayor Ed Annen, Jr Dead at 70

Former Three-Time Kalamazoo Mayor Ed Annen, Jr. Dead at 70 Published: July 28, 2021 Former Kalamazoo mayor Edward Annen Jr., who died today at the age of 70. Annen served the city as mayor three different times. This photograph is from the DooDah Parade, in the early 1990 s, where he served as one of the judges. (TSM-Kalamazoo archive) Vanished Kalamazoo reported this morning that former Kalamazoo mayor Edward Annen, Jr. died early Wednesday. He was 70 years old. Annen served three times as Kalamazoo s mayor. (At that time, the top vote-getter in the election of city commissioners was named mayor, until the method of choosing a mayor was changed several years ago, and separated from the Commission election.)

Kalamazoo City Foundation Gets A Big Boost

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.

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