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…
Resource Addressing Basic Needs Security in Higher Education September 25, 2017 This research brief outlines three studies led by Dr. Sara Goldrick-Rab at Temple University designed to help identify effective approaches to secure and address postsecondary students’ basic needs, so more students can stay on track to graduate. Bunker Hill Community College near Boston will provide first-year students with access to needed…
News & Views Kresge awards $550,000 to study effectiveness of basic needs interventions at community colleges September 24, 2017 The Kresge Foundation’s Education and Human Services Programs announced today a $550,000 grant to support a series of research studies led by Temple University, designed to help identify effective approaches to secure postsecondary students’ basic needs, so more students can stay on track to graduate. Today, the project’s lead researcher, Temple professor…
News & Views Kresge, Lumina Foundations designate 17 cities as Talent Hubs September 24, 2017 The Kresge Foundation joined in partnership with the Lumina Foundation today to announce the designation of 17 communities across the country as Talent Hubs. These cities earned this new designation by meeting rigorous standards for creating environments that attract, retain, and cultivate talent, particularly among today’s students, many of whom…
News & Views Unlocking flow of capital to water sector requires smart, integrated strategies September 19, 2017 Unlocking the flow of capital to accelerate improvements to water infrastructure that advance climate resilience and protect urban low-income communities from flooding requires integrated strategies for investments and grantmaking, concludes a recently released analysis. The Climate Resilient & Equitable Water Systems Capital Scan provides a roadmap for effectively utilizing capital…
News & Views Grants catalyze innovative food-oriented development projects in 23 communities September 18, 2017 2017 FreshLo Awardees Innovative approaches to economic development, cultural expression and health are at work in 23 U.S. communities with The Kresge Foundation’s investment of $4.6 million in grants to develop pioneering food-oriented initiatives in low-income communities. Nonprofit organizations and coalitions from across the nation were awarded $200,000, two-year grants to…
News & Views Greensboro, Cheyenne and Charleston (W.Va.) are top winners in Kresge FAFSA Completion Challenge September 12, 2017 Twenty-two of the largest U.S. cities collectively raised FAFSA completion rates by 4.43 percent in the two-year period ending with the 2016-17 school year, and eight of those cities have won a share of $300,000 through the Kresge FAFSA Completion Challenge. Through a $1.6 million grant, Kresge’s partner the National…