The biggest part of the foundation and Adams’ efforts are on renter help and homeownership support, areas where Adams says they need input and help from policy experts, government officials, and business owners.
“We recognize there’s a lot of power in demystifying Detroit’s economy. So, if we can prioritize industries that offer better paying jobs and establishing workforce development programs that attract those industries, we can get the city’s median income up,” Adams said.
Mayor Mike Duggan at the announcement for the Gilbert Family Foundation’s investment supporting the Detroit Housing Network, and the city’s launch of the Detroit Housing HelpLine.
For example, an initial $15-million foundation investment eliminated property-tax debt owed by an estimated 20,000 low-income Detroit homeowners. This alone preserved an estimated $400 million in wealth and home equity in the city, foundation officials say. Now, these homeowners are eligible for other city and state programs to help maintain their homes.
There also are unique funding opportunities that turn Detroit into a magnet for innovation. There’s the Pensole Lewis College Detroit, which the foundation funded with $10 million over five years to give Detroiters pathways to jobs in high-demand industries such as design. There’s also the foundation’s $1.5 million investment in the Seed and Bloom initiative to support BIPOC Detroit artists and grow the arts and art organizations within the city’s neighborhoods.
“What’s unique about us is the cohort of people we’re helping – whether it is funding the founding of the Pensole Lewis College Detroit or the Apple Developer Academy, we’re working with Detroit’s most economically vulnerable residents to stabilize and then wrap around them with these services and programs,” Adams said.
It’s a philanthropic approach that Dan and Jennifer Gilbert established when he moved Quicken Loans to Detroit in 2010. The couple established the Gilbert Family Foundation in 2015 in part to raise funds for medical research – their son, Nick, lived with neurofibromatosis before his death in May 2023 – but also to build equity and opportunity for Detroit residents.
Ultimately, Adams says the foundation seeks to challenge conventional thinking. By asking different questions and funding innovative programs, they believe Detroit will prosper.
“We’re doing something that no other foundation in the state of Michigan is doing,” Adams said. “It’s heavy. It’s hard. But we’re doing it.”