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How A Property Tax Transformed The Detroit Institute Of Art And What It Does
This model of financial support has not only allowed the DIA to weather the storm of the past year, but has also given the museum the ability to reinvest in our endowment. Through robust fundraising, strong returns, and by not needing to draw from the operating endowment, it has more than doubled in the past five years, from $124 million to $305 million. The millage has provided the DIA much needed breathing room to build its endowment so that the museum will eventually become financially independent. – Hyperallergic