Foundation pays out $293M
It’s been quite a year for one of the region’s largest foundations.
The Battle Creek-based W.K. Kellogg Foundation continued to establish its reputation as one of the largest philanthropic organizations in the country last year, reporting major grant and commitment numbers for the last fiscal year in announcing the release of its annual report last week.
The foundation said it paid grant expenditures of $293,562,818 to its 2,004 active projects and made $179,392,220 in new commitments to 563 new projects during its past fiscal year, Sept. 1, 2012 through Aug. 31, 2013.
In Michigan, the foundation made 128 new commitments, totaling $48 million: approximately $13 million in Battle Creek, $15 million in Detroit and $8 million in Grand Rapids.
The foundation also made new commitments to other states and cities in the country: $21 million in Mississippi, $13 million in New Mexico and $10 million in New Orleans.
Additionally, $67 million was committed throughout the U.S., and its international commitments totaled $20 million, including $10 million in Mexico and $5 million in Haiti.