First Retail Production 2025 Cadillac ESCALADE IQ EV Raises $550,000 for Detroit Children's Fund
SHERIDAN, WYOMING – October 29, 2024 – SHERIDAN, WYOMING – October 29, 2024 – The first retail production 2025 Cadillac ESCALADE IQ EV was auctioned for $550,000 at the 2024 Detroit Grand Prix, with all proceeds benefiting the Detroit Children's Fund.
The nonprofit will receive the full amount raised for the vehicle, which was purchased by Michelle and Dan Gilbert.
“We are grateful to General Motors, Cadillac, and the Gilberts for this generous donation, which will help us continue our mission to improve educational equity in Detroit,” said Jack Elsey, executive director of the Detroit Children's Fund. “This gift will support our efforts to provide students with the resources they need to succeed in school and in life.”
Cadillac has been a strong supporter of the Detroit Children's Fund for many years. In 2023, the brand donated $1 million to the organization to support its work in providing educational opportunities for Detroit students.