During their homecoming celebration, the Detroit Youth Choir members were honored at Campus Martius after an incredible run on NBC's "America's Got Talent". DYC finished the television series in second place, falling short of the $1 Million dollar prize.
At the celebration, a group of Detroit-based foundations and members of the business community announced a $1 million endowment to recognize the Detroit Youth Choir, following their tremendous accomplishment.
An endowment fund is an investment fund established by a foundation that makes consistent withdrawals from invested capital. The capital in endowment funds, often used by universities, nonprofit organizations, churches and hospitals, is generally utilized for specific needs or to further a company's operating process.
"We are incredibly proud of what the Detroit Youth Choir achieved during their time on America's Got Talent and we look forward to what's next for them," said Tonya Allen, president & CEO of The Skillman Foundation. "This fund is a way for Detroiters to celebrate and grow the genius of our children."
The fund, which will be established at the Community Foundation for Southeast Michigan, will provide support to the Detroit Youth Choir in perpetuity. As the endowment grows, grants will allow the organization to serve youth to further its purpose to provide positive youth development including training in vocal performance arts along with mentorship and building life and social skills.
Foundations and businesses contributing to the Detroit Youth Choir endowment as of today include:
- Skillman Foundation
- The Kresge Foundation
- W. K. Kellogg Foundation
- Ballmer Group
- Community Foundation for Southeast Michigan
- DTE Energy Foundation
- Max M. & Marjorie S. Fisher Foundation
- Bank of America
- Huntington Bank
- Dakkota Integrated Systems
"The Detroit Youth Choir brought our entire region together to support Detroit's kids," said Wendy Lewis Jackson, Kresge Foundation, Detroit Program managing director. "They represented the city with class and soul, and their success will continue to inspire children in Detroit for years to come. For that, we hope they feel profound pride."
"The Detroit Youth Choir has shown the world the tremendous impact it is having on the lives of young people in our city and this extraordinary financial commitment is the best recognition possible of that," said Mayor Mike Duggan. "Thanks to these generous funding partners, the Detroit Youth Choir and the rest of America can see just how Detroit shows its support for its young people."