Mission, Money & Markets
The Kresge Foundation's Social Investment Practice team — and its partners and colleagues — shares lessons learned and the newest thinking on impact investing each month.
Mission, Money & Markets: A case study in using MRIs to further higher education goals
MRI in AdmitHub aims to scale and optimize how colleges deliver student advising supports
PosiGen shows the market how to deploy single-family solar solutions with equity
$5 million investment will help innovative solar energy company expand within and beyond Louisiana, Connecticut and New Jersey
Mission, Money & Markets: How access to a PPP loan is helping a Detroit artist haven thrive
In this Q&A with Detroit Artists Market’s Matt Fry, learn how a nonprofit accessed the Paycheck Protection Program through a mission-oriented financial institution, backed by a Kresge program-related investment loan.
Mission, Money & Markets: Nonprofit Guide to accessing capital through the 2020 CARES Act
In light of COVID-19, many nonprofits are desperately seeking additional funding to respond to and adapt to the new environment. The new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes streams of funding that may help. This guide is designed to provide highlights of for each of the loan opportunities to help nonprofits access capital to meet their most urgent needs.
Mission, Money & Markets: Changes to little-known banking law could suck billions out of poorer communities
CRA, the Community Reinvestment Act, was designed to expand access to credit and capital in lower-income neighborhoods, and it did. But now two federal agencies are considering re-writing the rules in a way that would significantly weaken a law that accounts for tens of billions of dollars of loans and philanthropic support every year.
Mission, Money & Markets: Expanding solar+storage solutions to communities on the front lines of climate change
The lack of reliable power has direct health consequences for vulnerable communities. Recognizing the devastating impact of power outages on historically underserved communities, The Kresge Foundation and Clean Energy Group began a collaborative process involving many stakeholders to discuss the need for a comprehensive financing strategy to bring solar+storage systems to affordable housing and critical community facilities in low- and moderate-income (LMI) neighborhoods.
Mission, Money & Markets: New website showcases community development finance system
Online resource DevelopStrongCities.org helps visualize how communities thrive and tells the story of community development finance systems.
Mission, Money & Markets: Kimberlee Cornett offers reflections on a decade at Kresge
Kimberlee Cornett reflects on a nine-year long career leading Kresge's Social Investment Practice. "Nine years and 75 deals later, I’m proud of the foundation’s adoption of a full spectrum of tools — from grants to guarantees — and the way the Social Investment Practice works side-by-side with Program staff."