Foundation for Excellence

"Structural budget challenges have for many years impeded the City’s effort to make its vision a reality. The Foundation For Excellence is a unique innovation by the City of Kalamazoo and private donors to address systemic challenges to the prosperity of the city. The Foundation will provide $70.3 million to stabilize the city’s budget, lower its property tax rate, and for $10 million of aspirational community projects per year through 2019. During this period, a community fundraising effort will be launched to create a fully endowed foundation that can sustain this funding in perpetuity."