The W.K. Kellogg Foundation announced that it will donate $40 million to a fund established to help save the Detroit Institute of Arts’ finest works from being sold at auction and avoid cuts to municipal pensions. The fund, which was created after the city of Detroit filed for bankruptcy in July 2013, now totals $370 million. Detroit is currently over $18 billion in debt and creditors are seeking repayment.

Following the bankruptcy filing, Kevyn Orr, Detroit’s emergency manager, asked Christie’s to appraise the 2,781 city-owned works housed in the Detroit Institute of Arts. The auction house estimated the works to be worth anywhere from $452 million to $886 million. The Institute has opposed any sale, stating that its art is held in a charitable trust and cannot be part of any auction to help pay for Detroit’s substantial debts.

The Kellogg Foundation, which was founded in 1930 by breakfast cereal pioneer Will Keith Kellogg in Battle Creek, Michigan, provides funds for the promotion of the welfare, comfort, health, education, and safeguarding of children and youth, regardless of sex, race, creed or nationality.