Incorporated in Detroit but headquartered in New York since 1953, the Ford Foundation has remained committed to its home city, investing more than $527 million in Detroit since its establishment in 1936. Recent grants have supported community development work led by the Detroit Local Initiatives Support Corporation and the RiverWalk project, which has revitalized abandoned factory sites into a park and a three-mile promenade along the city’s riverfront. In 2014, the foundation pledged $125 million over a 15-year period to the city's “Grand Bargain,” a partnership to help resolve Detroit’s bankruptcy.
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