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Kresge Foundation Hires New Program Officers to Detroit and Education Program Teams

November 24, 2015

The Kresge Foundation has hired two new program officers: Neesha B. Modi has joined as program officer with the Detroit Program while Rebecca C. Villarreal has been named program officer with the foundation’s Education Program. “Neesha brings keen insight and strong expertise in nonprofit management and community development to her…

From listening to action: The Kresge Foundation Responds to Grantees’ Assessment of the Foundation’s Responsiveness, Transparency and Effectiveness

November 18, 2015

The Kresge Foundation enlisted the Center for Effective Philanthropy in the spring of 2014 to conduct a Grantee Perception Report (GPR). The report, which is compiled from a comprehensive “customer satisfaction” survey, is widely commissioned by foundations to gather actionable feedback from grantees and declined applicants and to promote transparency…

Kresge Innovative Projects: Detroit – Information Session (PPT)

November 18, 2015

Slides presented at an information session for Round 2 of Kresge Innovative Projects: Detroit at TechTown in Detroit on November, 13, 2015.  This is a three-year, $5 million initiative to fund Detroit-based nonprofits in transformative projects across the city.

Conference of community development financial institutions focuses on expanding opportunity

November 12, 2015

The Opportunity Finance Network (OFN), the nation’s leading network of community development financial institutions (CDFIs), held its 2015 conference this week in Detroit, drawing more than 1,200 people, the biggest convening ever in OFN’s history. Other speakers included: Sen. Gary Peters (D-Mich.), Detroit Mayor Mike Duggan, Director of the CDFI…

Turning up the heat on environmental funders to address diversity ‘monoculture’

November 12, 2015

Kresge Foundation President Rip Rapson is turning up the heat on environmental funders who have yet to voluntarily disclose their diversity data as a step toward making the green movement more inclusive and reflective of the communities they serve. In an opinion piece published by the San Francisco Chronicle, Rapson…

Kresge president honored as a Michiganian of the year

November 12, 2015

Kresge Foundation President and CEO Rip Rapson is among nine people named 2015 Michiganians of the Year by The Detroit News, which credited Rapson with “putting Detroit at the center of the Kresge Foundation’s concerns” and helping forge the grand bargain to quickly resolve Detroit’s municipal bankruptcy in 2013-14.

Investors, including Kresge, bring another $100M to Healthy Futures Fund

November 12, 2015

The fund uses Low-Income Housing Tax Credits and New Market Tax Credits to expand access to health care and affordable housing for low-income residents. It has supported the construction of 400 affordable housing units, as well as federally qualified health centers (FQHCs) that will serve an estimated 40,000 people.