A recent Center for Effective Philanthropy Grantee Perception Report finds The Kresge Foundation ranks higher than its peers among nonprofits for its impact on grantee fields, public policy and grantee organizations. The survey, conducted in late 2014, also points to areas that grantees indicate Kresge can improve, including providing clarity and consistency of communications and strengthening grantee relationships.
The Kresge Foundation announced today that it has hired two new program officers: Neesha B. Modi has joined as program officer with the Detroit Program while Rebecca C. Villarreal has been named program officer with the foundation’s Education Program.
The Opportunity Finance Network (OFN), the nation’s leading network of community development financial institutions (CDFIs), held its 2015 conference this week in Detroit, drawing more than 1,200 people, the biggest convening ever in OFN’s history.
Kresge Foundation President Rip Rapson is turning up the heat on environmental funders who have yet to voluntarily disclose their diversity data as a step toward making the green movement more inclusive and reflective of the communities they serve. In an opinion piece published by the San Francisco Chronicle, Rapson laid out the case for funders, environmental groups and other nonprofits to share the makeups of their staff and boards.
Kresge Foundation President and CEO Rip Rapson is among nine people named 2015 Michiganians of the Year by The Detroit News.
Chera D. Reid has been named Director of Strategic Learning, Research and Evaluation at the Kresge Foundation, President and CEO Rip Rapson announced.
Metropolitan Detroit artists are invited to apply for $25,000 Kresge Artist Fellowships in Live Arts and Film & Music. Fellowships are funded by The Kresge Foundation and administered by the Kresge Arts in Detroit office at the College for Creative Studies. Kresge Artist Fellowships are awarded to emerging and established artists whose commitment to artistic achievement, in contemporary or traditional forms, is evident in the quality of their work.
On Tuesday, LISC, with Kresge Foundation support, announced a second $100 million of investment in the Healthy Futures Fund (HFF), money that will expand housing opportunities and improve access to quality health care and other programs that support health in low-income communities across the nation. Kresge’s investment in this round of funding includes a $2.5-million loan guarantee made through the Social Investment Practice, as well as a $916,000 grant, paid over two years, from the foundation’s Health Program.
FAQ available for Kresge Innovative Projects: Detroit grant opportunity to support neighborhood-based revitalization
Kresge’s Detroit Program has created a Frequently Asked Questions document for the second round of the Kresge Innovative Projects: Detroit grant opportunity.
Food-oriented initiatives that contribute to economic revitalization, cultural expression and health in low-income communities are eligible for a new grant opportunity announced by the Kresge Foundation today. Kresge will award up to 20 planning grants of up to $75,000 each in the first quarter of 2016 as part of the initiative “Fresh, Local & Equitable: Food as a Creative Platform for Neighborhood Revitalization."
Kresge Foundation Poised to Be the Next Great Social Justice Philanthropy, New Philamplify Report Finds
The Kresge Foundation is on the path to becoming the next great social justice funder, according to a new report from Philamplify, an initiative of the National Committee for Responsive Philanthropy (NCRP) that evaluates the impact of grantmakers in the United States.
A new online series launching this week features stories of people making change in cities with the goal to demystify the process of converting ideas into action.
To continue the revitalization of Detroit’s neighborhoods, Kresge’s Detroit Program is seeking a second round of applications for a three-year, $5 million initiative to fund Detroit-based nonprofits in transformative projects across the city. As in its first year, Kresge Innovative Projects: Detroit grants totaling $1.5 million will be made citywide on a competitive basis. Implementation grants of between $50,000 and $150,000 will be awarded to shovel-ready projects that can begin in early 2016 and be completed within 12-18 months of the grant award.
Smart money: Report finds building for climate resilience can leverage strong financial returns on investment
Real estate projects designed to withstand the effects of climate change can provide substantial returns on investment and an array of other benefits, according to a new report, “Returns on Resilience: The Business Case.”
Analysis: Kresge grantmaking initiative holds lessons, guidance for arts groups seeking to build stronger capitalization practices
A series of Kresge Foundation grants designed to help arts-related nonprofits better understand their financial situation and improve their balance sheets resulted in positive changes within organizational practices, according to an analysis by Nonprofit Finance Fund released today.
The Kresge Foundation and Oakland University officials announced a $2 million student-managed investment fund that complements a new course designed to teach the essentials of portfolio management, stock selection and portfolio evaluation. One of the largest of its kind in Michigan, the fund has been carved out of Kresge’s $3.5 billion investment portfolio and is intended to provide real-world investment experience to OU undergraduates while exposing them to local career opportunities in investment management.
Review: Public housing as a platform for social services can contribute to low-income families’ stability, independence
Public housing facilities are ideal locations for on-site services that help low-income and vulnerable families achieve stability and independence, concludes a briefing paper from the Urban Institute. Partnerships between public housing agencies and human services providers that offer relevant and accessible counseling, assistance with parenting skills and health and other supportive services is a sound model for helping move residents from dependence to independence, according to the brief.
Kresge Foundation staff, trustees and guests celebrated the opening of a 16,000-square-foot addition to the foundation's headquarters in Troy, Mich., during a ribbon-cutting ceremony Sept. 16, 2015.
The Kresge Foundation Board of Trustees approved an ambitious plan to invest $350 million by 2020 through the foundation’s Social Investment Practice, making clear that using a variety of investment tools is central to bringing enhanced opportunities to low-income people in America’s cities. The $350 million represents approximately 10 percent of the foundation’s corpus as of 2015.
Strong Families Fund to finance decade-long pilot pairing affordable housing, intensive social-services coordination for low-income families
A number of banks and philanthropic partners, led by The Kresge Foundation, the Robert Wood Johnson Foundation, KeyBank and Goldman Sachs, have committed more than $70 million to launch the Strong Families Fund, the largest pilot pay-for-performance project to finance social-services coordination and quality, affordable housing for low-income families.