News & Views Senior Environment officer honored by conservation organization October 10, 2017 Kresge Senior Program Officer Jalonne White-Newsome was honored as Michigan “Advocate of the Year” by the Michigan League of Conservation Voters (MLCV) in an Oct. 5 ceremony in Detroit. In her acceptance speech, White-Newsome credited her parents and family for providing role models of activism on behalf of their community,…
News & Views Kresge Arts & Culture grantees gather to share, learn and help move Creative Placemaking forward on a national scale October 3, 2017 Kresge Foundation Arts & Culture Program partners gathered last week to explore strategies for effectively blending arts, culture and design into local development plans and projects across the nation. The foundation hosted representatives of nine grantee organizations and other partners from its Arts & Culture Program National Networks focus area…
News & Views Mission, Money & Markets: The power of the guarantee September 28, 2017 Kresge has used guarantees in its social investing practice for years. With a $350 million commitment to social investments by 2020, we set a goal of issuing $150 million of guarantees. While we look for opportunities to use guarantees to accelerate the foundation’s programmatic work and leverage capital to create…
News & Views Introducing “Mission, Money & Markets,” new article series on social investing September 27, 2017 This article series focuses on Kresge's social investing: what’s working – and what’s challenging – in our impact investing work.
News & Views Mission, Money & Markets: Municipal bonds and the trend toward social justice September 27, 2017 A few socially focused municipal bond funds and related initiatives gaining traction. However, the municipal market has historically had a weak and under-developed lens on non-financial factors such as social outcomes.
News & Views Mission, Money & Markets: Community Development Finance in America – A Glass Half Full September 27, 2017 One area where the U.S. has excelled at supporting low-income people and communities is in financing community development.
News & Views Mission, Money & Markets: Water-systems initiative will invest in green infrastructure, solutions to climate-related storms and flooding September 27, 2017 Challenges in the water sector affect us all. Is there a role for capital solutions to address this issue?
News & Views Mission, Money & Markets: Capital for communities and efficient, impactful opportunities for investors September 27, 2017 In 2016, our Social Investment Practice made a commitment to invest $30 million through a standard loan offering in Community Development Finance Institutions (CDFIs) and Development Finance Agencies (DFAs) working in ways aligned with Kresge program strategies to expand opportunity and equal access to capital in America’s cities.
News & Views Mission, Money & Markets: Gnarly problems like generational poverty require new approaches September 27, 2017 Social Investment Officer Aaron Seybert spent a month traveling through Europe as a German Marshall Memorial Fellow, looking for relevant takeaways to bring back to Kresge and specifically to his work on the Social Investment Practice.
News & Views Mission, Money & Markets: Investment in Cincinnati authority supports micro commercial redevelopment September 27, 2017 In 2016, Kresge made its first investment into a Development Finance Agency, with a $5 million program-related investment to the Greater Cincinnati Redevelopment Authority. Kresge Social Investment Managing Director Kimberlee Cornett interviewed GCRA’s President and CEO Laura Brunner to find out how this unique organization became a recipient of an…