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Kalamazoo Community Foundation receives its largest gift ever

by
Kalamazoo Community Foundation
Kalamazoo Community Foundation

KALAMAZOO (WKZO) -- The Kalamazoo Community Foundation is celebrating the largest gift it's ever received. A resolution's been approved by the Kalamazoo County Probate Court allowing the distribution of 23 million dollars for the Foundation, thanks to a deal that's been worked out with some area companies.

Community Foundation President Carrie Pickett-Erway says the money is from a trust set up by the late Doctor William E Upjohn that was used to give out excellence awards to employees of the W.E. Upjohn Company. Now, because of changes over the years to the Upjohn Company, a large portion of that money's instead going to the Community Foundation, as that's what Doctor Upjohn had requested would happen should his company ever seize to function. The Kalamazoo Community Foundation will get 23 million dollars of what's in the trust, while the remaining 21 million will continue to be awarded to Pfizer employees.

The Kalamazoo Community Foundation will use the money to continue handing out grants and other support to local community projects and non profits. It'll mean an extra 810 thousand dollars to award each year.

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