Fundraising campaign by Bill and Lisa Ford for youth nonprofits exceeds goal
An effort by Ford Motor Co. Executive Chair Bill Ford and his wife, Lisa Ford, to raise a minimum $10 million by the end of June to help youth nonprofits has vastly exceeded its original goal.
The MCS Children’s Endowment Initiative announced Monday that thanks to the community's generosity, over $19 million was raised. The funds will go toward establishing permanent endowments for 10 youth-serving nonprofits in metro Detroit.
The fundraising campaign was created by the Fords to mark the grand reopening of Michigan Central Station. It is also a partnership with Detroit-based The Children's Foundation, which will hold the new endowments for the 10 beneficiary organizations.
More: Bill and Lisa Ford launch $10M campaign to set up endowments for 10 Detroit youth groups
Applications for the endowments are now being accepted. Eligible organizations must be a nonprofit that serves youths and young adults up to age 24, as well as their families. Applications are due Aug. 1 and full details and instructions can be found at YourChildrensFoundation.org
More: Michigan Central Station: What you'll see on the tour
"Today, we take the next step toward implementing a different approach to philanthropy, creating a more equitable landscape for 10 youth-serving organizations,” Andrew Stein, CEO of the Children’s Foundation, said in a statement. “We are excited to start accepting applications and beginning the process to ensure the permanence of these organizations that serve children in our community.”
This article originally appeared on Detroit Free Press: Campaign by Bill, Lisa Ford for youth nonprofits vastly exceeds goal
