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Social Investment Practice

We work across Kresge’s seven program teams to strengthen neighborhoods and improve the quality of life in America’s cities by addressing barriers to capital.

Social Investment Practice Funding Opportunities
Our Commitment

$350M

 In 2015, Kresge committed 10% of its corpus through 2020 to social investments

About the Practice

We use the full spectrum of capital tools to address the financial barriers that confront communities of color and other underserved communities.

We work alongside our seven program teams to unlock capital for those places and projects that improve equitable outcomes. Our work supports an often under-resourced community-development financial system and includes program-related investments (PRIs) loans, equity investments, strategic deposits, and unfunded guarantees, which reduce risk for other investors.

Social investing at Kresge dates to the financial crisis of 2008. In 2015, Kresge’s Board of Trustees approved a $350 million impact investing pool to be deployed through 2020. A goal to leverage $1 billion from other investors was surpassed in 2019. We seek to partner with banks, other foundations, and government sources, and frequently partner with Community Development Financial Institutions (CDFIs) and mission-aligned intermediaries. We also work with our endowment partners to deploy mission-related investments (MRIs) from Kresge’s corpus.

What We Invest In

We partner with each of Kresge’s program teams to find barriers to capital impeding progress in their sectors and obscuring pathways to opportunity. Then, we find capital solutions to topple those barriers. Whether through investing in solar+storage solutions, affordable housing. place-based community development or minority entrepreneurship, our work always supports the strategies of Kresge’s seven Program teams. Through a small grantmaking budget, we support field building efforts in community development finance, especially those that address racial equity in our Program sectors. (Data through 2019)

American Cities

$35 million

Arts & Culture

$15 million

Detroit

$36.4 million

Education

$5.5 million

Environment

$38.4 million

Health

$58.4 million

Human Services

$55.4 million


Social Investment Practice Initiatives and Special Funds

While our work typically involves bespoke deals with program teams, advancing their tightly focused strategies, we have worked via a small number of general initiatives to unlock capital for communities that need it.

Mission Money Markets Blog

Kresge’s Social Investment Practice team, its partners and colleagues share lessons learned and the newest thinking on impact investing each month. You can also subscribe to receive these blogs via email.

Kresge staff is working remotely, and our offices are closed until further notice.  See our promise to partners during COVID-19.
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