News & Views 21 Detroit community development organizations share $3 million from Kresge September 11, 2017 The Kresge Foundation will support 21 community development organizations across the city of Detroit with $1 million in annual grants announced today for the next three years. “Groups on the frontlines of the city’s revitalization told us that operating support for their day-to-day operations is the most important contribution we…
News & Views BUILD Health Challenge awards second round of grants September 11, 2017 The BUILD Health Challenge this week announced a second round of grants supporting 19 community collaborations around the country that aim to transform health in low-income communities. The challenge, funded by 12 organizations including The Kresge Foundation, seeks to: promote health equity; reduce per capita health spending; shift resources and attention from…
News & Views FAFSAstories.org debuts today to help students find advice for getting financial support for college September 10, 2017 “I just want to say one thing: have a positive mind. Fill out the FAFSA. There is nothing to be afraid of. It is free money you are getting.” – Quote from Rashid from Columbus, Ohio. The Kresge Foundation today launched FAFSAStories.org, a digital story bank featuring the voices of 22…
Resource Greater Cincinnati Redevelopment Authority September 7, 2017 In this short case study, learn how and why the Kresge Social Investment Practice made an investment in the Greater Cincinnati Redevelopment Authority. This 2016 transaction is intended to help the Authority develop micro business districts with neighborhood-serving small businesses in Cincinnati neighborhoods where there is also housing development in…
Resource Propel Nonprofits September 7, 2017 In this short case study, learn how and why the Kresge Social Investment Practice made an investment in Propel Nonprofits (previously the Nonprofits Assistance Fund.) This 2016 transaction focused on capacity building support that would help stabilize and shift business models and leadership mindsets for organizations leading Creative Placemaking work…
Resource California Community Foundation September 7, 2017 In this short case study, learn how and why the Kresge Social Investment Practice made an investment in the California Community Foundation. This 2016 transaction supported efforts to expand permanent supporting housing in Los Angeles to deal with the nation’s worst homeless epidemic.
Resource Colorado Coalition for the Homeless September 7, 2017 In this short case study, learn how and why the Kresge Social Investment Practice made an investment in the Colorado Coalition for the Homeless. This 2013 transaction helped the Coalition expand its service and add capacity to handle an influx of patients needing care due to the passing of the Affordable…
News & Views Mission, Money & Markets: Investment in Cincinnati authority supports micro commercial redevelopment September 6, 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. This week, 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…
News & Views Health deputy director selected for Integrated Capital Fellowship program September 6, 2017 RSF Social Finance has named Health Program Deputy Director Chris Kabel to the inaugural cohort of 24 financial professionals participating in its Integrated Capital Fellowship, an intensive program designed to provide the education and strategies practitioners need to help values-driven philanthropists and investors deploy capital for social and environmental benefit. “We’re very…
News & Views We stand with DREAMers September 5, 2017 America, from its earliest days, has always been a nation of immigrants. We at The Kresge Foundation are proud of that heritage. That’s why we are alarmed and saddened by President Trump’s decision to end DACA (Deferred Action for Childhood Arrivals). This action pulls the rug out from under young…