A year ago, the long-awaited Detroit Future City framework was released to rousing applause from a room of 250 Detroiters, a cross-section of leaders from politics and business to community activism and philanthropy.
The Kresge Foundation Board of Trustees and staff thank David W. Horvitz for eight years of service. Horvitz is the chairman, president and CEO of WLD Enterprises, a private investment firm. He joined the foundation in December 2005 and in 2006 assumed leadership of its Investment Committee. The committee, a small group of trustees and outside investment professionals, guides the management of Kresge’s endowment.
The mayors from 10 major U.S. cities today announced they will undertake a united effort to boost energy efficiency in the buildings in their communities. The move could cut as much climate change pollution as generated by 1 million to 1.5 million passenger vehicles every year and lower energy bills by nearly $1 billion annually.
Massachusetts Gov. Deval Patrick today announced the launch of the nation’s largest financial investment in a pay for success (PFS) initiative, which is designed to reduce crime, save taxpayers money and improve outcomes for hundreds of young men who are on probation or leaving juvenile justice systems.
When the Colorado Coalition for the Homeless opens its new 54,000-square-foot health care facility in Denver this spring, the nonprofit will double the size of the community health center it is replacing and create 78 new supportive housing apartments on the building’s upper level.
At a White House summit on higher education, Kresge joined with other philanthropic, public- and private-sector partners in committing to new efforts to help low-income students reach college and ensure they succeed once they get there.
Kresge among philanthropies helping Detroit honor its commitments to retirees and preserve art assets
A foundation working group, which includes the Community Foundation for Southeast Michigan, William Davidson Foundation, Fred A. and Barbara M. Erb Family Foundation, Ford Foundation, Hudson-Webber Foundation, Kresge Foundation, John S. and James L. Knight Foundation, McGregor Fund and Charles Stewart Mott Foundation today issued the following statement.
Women today make up half of the U.S. workforce and represent two-thirds of the primary or co-breadwinners in American families. American women also make up nearly two-thirds of the country’s minimum-wage workers and one in three live at or near the brink of poverty. In a new media project, the Shriver Report examines changes in American families and the failure of government, business and other institutions to adapt.
Iconic Detroit photographer and educator Bill Rauhauser has been named the 2014 Kresge Eminent Artist. Rauhauser has devoted more than 60 years to “being there” – being present and engaged on the city’s streets, inside the studio and inside the classroom. He joins five other artists who have since 2008 received the award and $50,000 prize in recognition of professional achievements, contributions to the cultural community and dedication to Detroit and its residents.
EDITOR’S NOTE: This article was written by Kimberlee R. Cornett, director of Kresge’s Social Investment Practice, for the U.S. Department of Housing and Urban Development’s online publication “The Edge.” David Osborne and Ted Gaebler’s 1993 book “Reinventing Government: How the Entrepreneurial Spirit Is Transforming the Public Sector” was acclaimed for lighting the way to a smarter, leaner government. One of the book’s key points is that governments should “stop rowing and start steering.”
Today South Africans and people from around the world remembered South Africa's first black president as a healer. The trustees and staff of The Kresge Foundation join with all those who feel the loss of this remarkable leader. As we reflect on Mandela's life, we are humbled by his accomplishments, particularly in the face of the personal sacrifice and hardships he endured.
'We hope for a swift and fair resolution,' Kresge CEO says in response to Detroit’s eligibility to file for bankruptcy
Foundation's Rip Rapson issues a statement following federal court ruling For the city of Detroit, the decision issued today by U.S. Judge Steven Rhodes that the city is eligible to pursue Chapter 9 bankruptcy is a watershed event. The judge weighed weeks of testimony, voluminous filings and the human consequences involved to reach the conclusions he shared this morning. As an institution, we respect the decision the judge has reached, and we put our trust in the reorganization process.
Kresge Foundation President Rip Rapson on Saturday presented the foundation’s 2013 Eminent Artist with a commemorative monograph celebrating his life and work.
Since 2009, nearly 1 million veterans and their families have used the benefits of the Post-9/11 GI Bill. But ensuring that eligible veterans are college- and career-ready remains a challenge, and institutions face a new influx of students as more troops return from Iraq and Afghanistan. The American Council on Education has enhanced its online site for higher education institutions working to meet the needs of those veterans.
At the fourth annual Municipal Arts Society Summit for New York City on Oct. 17-18, 100 individuals – leaders in community development, urban planning, design, infrastructure, preservation and cultural development – met for two days at Jazz at Lincoln Center to discuss the attributes of a globally competitive city.
More than half of employers would prefer a job candidate with a traditional degree from an average school to a candidate with an online degree from a top university. Meanwhile, most community college students agree that online courses require more discipline on the part of students than in-person classes, but the same students are split on whether online courses teach the same amount or less material than in-person classes.
A nationwide survey shows that “food hubs” are growing to meet the need for local food distribution infrastructure. Businesses or organizations that manage the aggregation, distribution and marketing of food products, food hubs provide a way for small and midsized growers to connect with restaurants, schools, grocery stores and other wholesale customers.
The Kresge Foundation is pleased to announce Cynthia L. Kresge, physician assistant and community leader, and Maria Otero, an economist and former undersecretary of state for the U.S. Department of State, have joined the 11-member board of trustees.
NCB Capital Impact and The Kresge Foundation announced the launch of the Woodward Corridor Investment Fund, developed to invest in transformative real estate projects that advance the physical redevelopment of Detroit’s Woodward Corridor. With the support of MetLife, Inc., PNC Bank, Prudential, Calvert Foundation, Living Cities and the Max M. & Marjorie S.
Study by Kresge Trustee Phillip Clay examines contemporary role of historically black colleges and universities, and the challenges they face
America’s traditionally black colleges and universities are facing extraordinary challenges and must change institutional practices if they are to thrive into the 21 st century, Phillip L. Clay, a member of The Kresge Foundation’s Board of Trustees, concludes in a study. Rising costs, fewer well-prepared applicants and competition from other schools are pressing the traditionally black institutions, Clay writes in “Historically Black Colleges and Universities: Facing the Future.”