Kresge contributes $100 million to the Grand Bargain, a $300-plus million effort to help Detroit meet its pension obligations, preserve the collection of the Detroit Institute of Arts, and facilitate a speedy return to solvency.

An internal cross-team working group for New Orleans and the Gulf Coast is established. The Social Investment Practice is formally established; the foundation’s first social investment was made in 2008.

The Detroit Future City framework is introduced. The comprehensive blueprint for the city’s future engaged 150,000 residents to understand and guide the city in its policy, planning and fiscal decision-making to create a shared, achievable new vision for the city. It is funded in large part by the Kresge and Kellogg foundations.

Kresge, Morgan Stanley and LISC establish the $100 million Healthy Futures Fund. The Fund uses Low-Income Housing Tax Credits and New Market Tax Credits to support the construction of 500 affordable housing units with integrated health services and eight federally qualified health centers that will serve an estimated 75,000 people.

ArtPlace, a funder collaborative working alongside the National Endowment for the Arts, is established with Kresge support to accelerate Creative Placemaking across the U.S. using investments in the arts and other creative efforts to advance revitalization in cities. The ten-year, $150 million collaboration among a number of foundations, federal agencies, and financial institutions operates from … Continue reading 2010

Kresge adopts five values to guide its work: Creativity, Opportunity, Respect, Partnership, and Stewardship.

Amidst a backdrop of Detroit’s bankruptcy, the $30.25 million Woodward Corridor Investment Fund launches to provide critically needed real estate financing in Detroit. Kresge, NCB Capital Impact MetLife, Inc., PNC Bank, Prudential, Calvert Foundation, Living Cities & Max M. & Marjorie S. Fisher Foundation will provide capital to projects that are mixed-use, mixed-income, transit-oriented and … Continue reading 2013

Construction wraps up on the 16,000-square-foot expansion to the Kresge headquarters in Troy.

Kresge begins to help Marygrove College through substantial financial issues. This work accelerates over the coming years with a commitment to chart a path forward for the campus to return to its educational roots and bolster surrounding neighborhoods.

Marygrove welcomes its first high school freshman class to the new The School at Marygrove.