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Kellogg Foundation will give $40 million to prevent sale of Detroit art, help pensioners

A visitor to the Detroit Institute of Arts walks past The Wedding Dance, a oil painting by Flemish artist Pieter Bruegel the Elder with an estimated value of $100-200 million Wednesday Jan. 22, 2014. Today Michigan Gov. Rick Snyder pledged $350 million in state funds over two decades to boost Detroit pension funds and protect the DIA art from any sale to satisfy creditors of the bankrupt city. (AP Photo/ Daniel Mears The Detroit News )

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A visitor to the Detroit Institute of Arts walks past The Wedding Dance, a oil painting by Flemish artist Pieter Bruegel the Elder with an estimated value of $100-200 million Wednesday Jan. 22, 2014. Today Michigan Gov. Rick Snyder pledged $350 million in state funds over two decades to boost Detroit pension funds and protect the DIA art from any sale to satisfy creditors of the bankrupt city. (AP Photo/ Daniel Mears The Detroit News )

DETROIT - The W.K. Kellogg Foundation is giving $40 million to prevent the sale of Detroit art and help city retirees, raising the pool of money to $370 million.

The announcement was made Tuesday by a coalition of foundations. The group wants to continue to attract financial support from foundations and individuals while Michigan Gov. Rick Snyder tries to win approval for $350 million from the state.

City-owned art at the Detroit Institute of Arts could be vulnerable to sale in Detroit's bankruptcy. At the same time, Detroit's pension funds are short by $3.5 billion.

Detroit emergency manager Kevyn Orr has until March 1 to propose a plan to take the city out of bankruptcy.

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