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Quicken Loans Community Fund with The Gilbert Family Foundation

Sharing that the Quicken Loans Community Fund and Gilbert Family Foundation announced a $1.2 million investment to address the ongoing impact of COVID-19 in Detroit. Here is the funding breakdown:

  • A $500,000 total investment that includes $250,000 donations by both the Quicken Loans Community Fund and Gilbert Family Foundation into the United Way for Southeastern Michigan COVID-19 Community Response Fund that will support vulnerable populations and the nonprofits serving those in need amid the coronavirus pandemic.
  • A $250,000 investment by the Gilbert Family Foundation to the United Community Housing Coalition to address housing instability, including mortgage, rental and utility assistance, as well as additional issues exacerbated by the effects of coronavirus on the community.
  • $450,000 to be provided as flexible investments by the Quicken Loans Community Fund for small businesses and existing grant partners to ensure they can maintain operations in the weeks ahead.

We are also matching team member donations in each of our home cities (Detroit, Cleveland, Phoenix and Charlotte) to go to local nonprofits providing vital services to local residents throughout the coronavirus pandemic. 

Of that $450,000 flexible fund from the Quicken Loans Community Fund, $100,000 was invested into TechTown’s Detroit Small Business Stabilization Fund, which supports the needs of small businesses impacted by COVID-19 and accelerates access to needed capital. I’m including both releases below my signature. Please let me know if you have any questions!


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