The Parade Company revealed the winner of the Skillman Foundation float contest.

In addition to the California Endowment, the Bush, Kellogg, Mellon, and Rockefeller foundations and the UJA-Federation of New York are recent entries into the bond market. Suzanne Shank, who sits on Skillman’s Board of Directors, co-founded Siebert Williams Shank, which served as a manager on several of the recent foundation bond offerings. AdThe foundations’ debt offerings came in the form of social bonds, which allow investors to try to improve society and shoot for market returns simultaneously. Advocates of the foundation bond offerings say the time is right. Unlike nonprofits, whose finances have been crushed during the pandemic, foundations have continued to enjoy strong investment returns for their endowments from the stock market.

DETROIT – With a few days left before the annual America’s Thanksgiving Parade, the Skillman Foundation and Parade Company unveiled the winner of the foundation’s float design contest. “The Skillman Foundation is happy to have been able to sponsor a float designed by young people for 29 years in a row,” said Tonya Allen, CEO and president of Skillman Foundation. “We’re excited about it and we’re glad that the Parade Company could pull off this fantastic day despite the pandemic.”The float was designed by 13-year-old John Baker IV. “I’m very fortunate that it got picked because all of the other honorable mentions were amazing,” he said. On Thanksgiving morning, coverage begins at 6 a.m. on WDIV-Local 4 and ClickOnDetroit.com with a special edition of Local 4 News Today hosted by Rhonda Walker, Evrod Cassimy and Brandon Roux.