Ann Arbor Business Review,
11/15/2007
Leaders at the Ann Arbor Community Foundation hope to tap some residents' assets - a new study commissioned by midwestern community foundations say residents' assets could make substantial endowments.
Excerpt: Cheryl Elliott, president and CEO of the AAACF, said her nonprofit wants residents to consider giving 5 percent of their estate as an endowed gift to the foundation. That would equal about $263 million over 10 years.
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