Resource Kresge Community Finance RFP March 31, 2016 Kresge Community Finance is a $30 million program-related investment (PRI) finance offering to certified Community Development Finance Institutions (CDFI) and quasi-public or private Development Finance Agencies (DFA) expanding opportunities for low-income people in America’s cities. The foundation will select applications through a competitive Request-for-Proposals (RFP). Successful nonprofit applicants also will receive…
News & Views Kresge invests $2M in Living Cities to support new Blended Catalyst Fund March 30, 2016 The Kresge Foundation today announced a $2 million investment through its Social Investment Practice in Living Cities’ newly launched Blended Catalyst Fund, a $31 million impact investing debt fund that will test innovative approaches to solving urban problems. The Blended Catalyst Fund combines philanthropic and commercial debt under the premise…
News & Views Detroit revitalization advocate Laura Trudeau to retire after 40 year career March 29, 2016 The Kresge Foundation today announced that Laura Trudeau, managing director of its Detroit Program, will retire at the end of the year. Trudeau, 62, joined the foundation in 2001 and has played a central role in nearly every significant revitalization project in the city of Detroit over the past 15…
News & Views Trio of brochures highlight Kresge history, headquarters, Detroit office March 25, 2016 A trio of new brochures – available for download – chronicle The Kresge Foundation’s history, sustainable headquarters campus and its downtown Detroit office. The publications mark the recent opening of a new wing to Kresge’s headquarters in Troy. History of the Foundation and its Headquarters traces the evolution of the…
Resource Midtown Detroit Office March 24, 2016 Overlooking Woodward Avenue in the bustling Midtown district, The Kresge Foundation’s Detroit office is an expression of the organization’s commitment to reinvigorating the city and its people.
News & Views Online platform to support neighborhood projects launches in Detroit March 16, 2016 Detroiters working to improve their neighborhoods have a new ally with the opening today of ioby Detroit, the local office of a national organization that combines online fundraising with community organizing to support citizen leaders in small-scale projects that can have big impacts. New York-based ioby (In Our Backyards) today announced…
News & Views $1.5 million from Kresge supports 21 projects in neighborhoods across Detroit March 14, 2016 The Kresge Foundation today announced grants totaling $1.5 million to 21 nonprofits for projects or planning efforts to revitalize Detroit neighborhoods. The project and planning grants span the city and include converting abandoned buildings and vacant lots for new purposes, park rehabilitations and engaging high school students in entrepreneurship and…
News & Views The Urban Higher Education Ecosystem Solution March 10, 2016 Infographic: The Urban Higher Education Ecosystem Solution #UHEE @Kresgefdn
News & Views Kresge partnering with NCAN to launch $1.6M FAFSA completion initiative for cities March 8, 2016 The Kresge Foundation today announced a $1.6 million grant to the National College Access Network (NCAN) to launch the 2016-17 FAFSA Completion Challenge Grant Initiative, which will award up to 20 U.S. cities with grants up to $55,000 to support their efforts to raise FAFSA completion rates. FAFSA, the Free…
News & Views Aaron Seybert Joins Social Investment Practice at The Kresge Foundation March 2, 2016 The Kresge Foundation announced that Aaron Seybert has joined the Social Investment Practice as a social investment officer. Kresge’s Social Investment Practice works to strengthen neighborhoods and improve quality of life in America’s cities by deploying capital in the form of debt, equity, guarantees and deposits to further the foundation’s…