Kellogg Foundation to help in Detroit bankruptcy


FILE - In Dec. 10, 2013 file photo visitors look at the Detroit Industry Murals by the Diego Rivera at the Detroit Institute of Arts in Detroit. Michigan Gov. Rick Snyder plans to announce Wednesday, Jan. 22, 2014 that he and state legislative leaders are supporting a plan to commit state money that would match $330-plus million in commitments to date from national and local foundations to bolster pension plans and prevent the sale of valuable city-owned art. (AP Photo/Carlos Osorio, File) | Zoom

DETROIT (AP) - The W.K. Kellogg Foundation is giving $40 million to prevent the sale of Detroit art and help city retirees, raising the pool of money to $370 million.

The announcement was made Tuesday by a coalition of foundations. The group wants to continue to attract financial support from foundations and individuals while Michigan Gov. Rick Snyder tries to win approval for $350 million from the state.

City-owned art at the Detroit Institute of Arts could be vulnerable to sale in Detroit's bankruptcy. At the same time, Detroit's pension funds are short by $3.5 billion.

Detroit emergency manager Kevyn Orr has until March 1 to propose a plan to take the city out of bankruptcy.


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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