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Positioning your university for investment: The university and urban renewal

October 22, 2008

I. The Challenge We Face Over the next two days, we will explore the issue of how universities can strengthen their long-term mission and financial sustainability by creating more varied and robust relationships with their communities. When I first came to South Africa in 2006, I was impressed by the…

Kresge Arts in Detroit: Foundation makes $8.8 million investment in local artists and arts-related organizations

October 21, 2008

The multi-faceted effort is designed to support the arts ecosystem in metropolitan Detroit. TROY, Mich. – Surrounded by Mexican muralist Diego Rivera’s larger-than-life frescos depicting Detroit’s industrial might and serenaded by jazz music from the Harvey Reed Quartet, Rip Rapson, president of The Kresge Foundation, unveiled an $8.8 million investment…

Kresge invests $8.8M in local arts and arts organizations

October 16, 2008

Welcome everyone. I am Rip Rapson, president of The Kresge Foundation. I am delighted by the turnout tonight. Press conferences and receptions such as this are new for Kresge. We are, as most of you know, a national, private foundation located in metropolitan Detroit. Sebastian Kresge, a longtime Detroiter who…

Kresge invests $8.8M in local arts and arts organizations

October 16, 2008

Kresge Artist Fellowships, an annual Eminent Artist Award and multiyear operating support to small, medium and large arts and cultural organizations are highlights of The Kresge Foundation’s $8.8 million investment in arts in Wayne, Macomb and Oakland counties. (Announcement at Detroit Institute of Arts reception.)

Living Cities Funds Strategic and Innovative Approach to Foreclosure Crisis in Detroit

July 17, 2008

Reprinted with permission from Living Cities: The National Community Development Initiative. TROY, MICHIGAN – Foreclosures, like the subprime lending that precipitated them, have been heavily concentrated in vulnerable neighborhoods. The resulting vacant and abandoned properties threaten values of neighboring homeowners, invite crime, and discourage further investment. In response, Living Cities,…

MIT’s Chancellor, Phillip L. Clay, Joins The Kresge Foundation Board of Trustees

July 3, 2008

Clay brings an extensive background in education, housing and urban development. Troy, Michigan – The Kresge Foundation is pleased to announce Phillip L. Clay, a prominent leader in higher education, a noted researcher and author, and an influential advisor on U.S. housing policy and community-based development, has joined its board of…

Kresge President and CEO Rip Rapson discusses new values-centered grantmaking

June 20, 2008

TROY, Mich. – For more than 83 years, the Detroit-based Kresge Foundation has helped build the country’s nonprofit infrastructure, from libraries and schools to food banks and community centers. This $3.9 billion private foundation recently unveiled a new values-centered approach to its grantmaking as its way of responding to the…

The new values-centered grantmaking

June 20, 2008

Kristina Moore, communications director for the National Committee for Responsive Philanthropy, interviews Rip Rapson about The Kresge Foundation’s new approach to grantmaking, the challenges it faced in implementing the changes and lessons learned.