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LeFlore: We need remedies that purposefully correct injustice in community development

June 19, 2024

Study highlights role for minority depository institutions From the beginning of our country’s history, Black communities have been disinvested in — often intentionally. For much of the 20th century redlining and other exclusionary policies forbade lending in Black communities, segregating our cities. While laws such as the Fair Housing Act…

Beautiful African American family with two children carrying boxes in a new home. Cheerful mother and father holding boxes while entering new home with happy son and daughter helping parents relocating in new house.

The Social Impact of MDI Mortgage Lending

June 19, 2024

The Social Impact of MDI Mortgage Lending, a new Kresge-supported paper from the National Bankers Association, BankBlack and the Hip Hop Caucus, explores lending by minority depository institutions (MDIs) from 2019 to 2022, highlighting the social impact of MDI mortgage lending, particularly as compared to lending from other types of…

Beautiful African American family with two children carrying boxes in a new home. Cheerful mother and father holding boxes while entering new home with happy son and daughter helping parents relocating in new house.

Kresge awards more than $6M in grants to expand student success in South Africa

June 18, 2024

The Kresge Foundation today announced a new suite of grants, totaling $6,362,685, or over R 116 million, dedicated to bolstering South Africa’s higher education institutions. The record investment of grant support for Siyaphumelela (which means “we succeed” in isiXhosa) will effectively be the third iteration of funding for the network…

James L. Bildner and Maria Otero to retire from Kresge Board of Trustees

June 12, 2024

Kresge Foundation Board Chair Cecilia Muñoz today announced that two long-serving trustees – James L. Bildner and Maria Otero – are retiring from the foundation’s Board of Trustees. “We are so sorry to see them go; Jim and Maria provided welcome counsel and crucial governance to the foundation during some…

Kresge President Rip Rapson and Trustees Maria Otero and James Bildner stand next to each other in a restaurant.