UM: Donation

By

Crain’s Detroit Business reports that the Ford Fund has notified UM it will delay the final payment in a $4 million pledge for at least a year. The $800,000 from Ford’s philanthropic arm was expected next June. Says Jefferson Porter, UM associate vice president for development: ”It may have been more of a cash management issue. And we’ll manage. The most distressing thing for us is knowing Ford is not doing well, and if they need us to work with them we can do that.” [Source]