I’ve got a pal in Kalamazoo

Did you hear about the philanthropists in Kalamazoo, Michigan?

The city of Kalamazoo, Michigan recently approached two local philanthropists about their financial struggles—and the philanthropists responded positively. As previously reported in NPQ, local residents William D. Johnston, who chairs a private wealth management company, and retired drug company CEO William Parfet proposed the creation of a foundation to support the city and pledged $70 million over the next three years to help solve many municipal finance issues in Kalamazoo.

That’s exactly opposite what we do in El Paso, where the taxpayers fund projects for our philanthropists.

Weird, huh?

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