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Group ends bid to annex field near Liriodendron Mansion into Bel Air limits, has sold property, town says

Group ends bid to annex field near Liriodendron Mansion into Bel Air limits, has sold property, town says
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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.

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