Because GM no longer will. The Detroit Symphony Orchestra, Music Hall, the Michigan Opera Theatre and the Detroit Institute of Arts, among others, will all lose major operating support this year. Other foundations are bound to scale back support as well. Endowments have shrunk along with the stock market, and charitable contributions fall as jobs are lost. Some of our most important cultural institutions -- and many of the smaller, more local ones -- could be lost to the economic downturn if new benefactors don't emerge.
Friday, January 9, 2009
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