Crain’s Detroit Business’s Sherri Welch reports that the Jamie Daniels Foundation has partnered with Children’s Hospital of Michigan to administer its funds:
Children’s Hospital of Michigan Foundation will administer a new fund created by Detroit Red Wings announcer Ken Daniels and his family to combat opioid abuse in the wake of the overdose death of his son.
The fund builds on several the $120 million foundation, independent of its namesake hospital, is now managing as it evolves into a broader community foundation for children.
The aim is to manage philanthropic assets that support children for donors and other nonprofits, in addition to making annual grants of about $6 million focused on community benefit, pediatric research and medical education from its own assets.
“There are more opportunities to fund programs that support our mission than we have funds for,” said foundation Chairman Matt Friedman, co-founder of public relations firm Tanner Friedman.
Taking on the functions of a community foundation “allows us as a foundation to have a larger footprint and a greater impact,” he said.