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Historic Preservation Commission approves restructured O'Connor Fund and $35,000 grant budget
Summary
The Kalamazoo Historic Preservation Commission voted unanimously Dec. 10 to move part of the O'Connor funds into a Field of Interest at the Kalamazoo Community Foundation and approved a $35,000 budget for grant-making under the new structure.
The Kalamazoo Historic Preservation Commission voted unanimously Dec. 10 to approve a restructuring that moves a portion of the O'Connor spendable funds into a Field of Interest (FOI) at the Kalamazoo Community Foundation and to allocate $35,000 for grant-making under the restructured arrangement.
Commission staff and foundation advisers described the FOI as a non-endowed account that will remain invested while allowing the Kalamazoo Community Foundation to issue checks directly to grantees; the commission will serve as the advisory committee that recommends awards to the foundation. "We need to…
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