Resource Investing in Opportunity Act – LOI Qualifications Form June 11, 2018 Applicants who are submitting a Letter of Inquiry to The Kresge and Rockefeller Foundations for the Investing in Opportunity Act must fill out this qualification form and include it as a cover sheet.
Resource Kresge Learning and Evaluation June 11, 2018 A summary of the foundation’s Learning and Evaluation strategy, its premise and approach to collecting and sharing knowledge gained and lessons learned by Kresge’s programs and practices in their work. Updated June 2018.
News & Views Foundation mourns passing of former trustee Jill Ker Conway June 7, 2018 Jill Ker Conway, former president of Smith College and a trustee of the Kresge Foundation from September 1988 to June 2001, died this week at the age of 83. Conway, a native of Australia who moved to the United States in 1960, wrote three acclaimed memoirs, among other books, and championed…
News & Views Kresge welcomes Drexel University President John Fry to board of trustees June 6, 2018 We at The Kresge Foundation are proud to announce John Fry as the newest addition to our Board of Trustees. As with each trustee we select, we look to John for unique skills that complement our other board members charged with guiding our 94-year-old national foundation in its work to…
News & Views 18 neighborhood groups share $1.5 million from Kresge for projects across Detroit May 25, 2018 The Kresge Foundation today announced $1.5 million in grants for 18 new projects and planning efforts to revitalize neighborhoods across Detroit. The grants are the first to be awarded in the $6 million, three-year relaunch of Kresge Innovative Projects: Detroit. In the city’s Virginia Park neighborhood, vacant lots will become…
Resource New Jersey Community Capital May 21, 2018 In this short case study, learn how and why the Kresge Social Investment Practice made an investment in New Jersey Community Capital to provide capitalization and credit support for a $12 million New Jersey Creative Placemaking Fund managed by NJCC.
News & Views Mission, Money & Markets: A needed piece of community development infrastructure, the ‘Guarantee Bank’ May 15, 2018 Unfunded guarantees have helped Kresge leverage its balance sheet, make financial commitments to reduce or mitigate risk, and drive social impact, all while keeping funds fully invested in our corpus earning an average of 7.5 percent each year. Kresge’s CIO Rob Manilla recently wrote in our “Mission, Money & Markets”…
Resource Human Services Organizations: Partnering for Better Community Health May 15, 2018 This report from the Healthy Outcomes Initiative explores how collaboration between human services organizations and health systems can help people and communities achieve better health outcomes. The Kresge-funded, multi-year project focused on social determinants of health such as economic stability, education, housing, safe neighborhoods and food access.
Resource Capital Impact Partners May 14, 2018 In this short case study, learn how and why the Kresge Social Investment Practice made an investment in Capital Impact Partners (CIP). This 2016 program-related investment loan will allow CIP to partner with the Memphis Medical District Collaborative to raise a flexible debt fund to support real estate development, small-business development and transit-oriented…
News & Views Prudential Financial, Inc., Ballmer family, and Kresge Foundation invest in largest U.S. pay-for-success fund to date May 12, 2018 Prudential Financial, Inc., Steve and Connie Ballmer, and The Kresge Foundation today announced $40 million in investment commitments to The Community Outcomes Fund, a fund to scale pay-for-success (P4S) investments in the United States. The fund, which is being raised and managed by New York-based Maycomb Capital, matches private…