News & Views Kresge grantmaking initiative holds lessons, guidance for arts groups seeking to build stronger capitalization practices October 6, 2015 A series of Kresge Foundation grants designed to help arts-related nonprofits better understand their financial situation and improve their balance sheets resulted in positive changes within organizational practices, according to an analysis by Nonprofit Finance Fund released today. The Kresge-commissioned analysis focused on 36 grants made through Kresge’s Arts &…
News & Views Research explores how arts and culture organizations can use their deep roots to drive equitable community growth January 9, 2019 How can arts and culture organizations orient themselves as anchor institutions – like health care facilities, colleges and others deeply rooted in communities – to drive equitable economic growth? Kresge’s Arts & Culture Program and the Institute for a Competitive Inner City (ICIC) aim to answer that question through research and…
News & Views Expanded Arts and Culture grant opportunity stresses cross-sector efforts February 24, 2015 Proposals that win support under the program’s Strong, Healthy Places theme will integrate arts and culture in community revitalization by bringing together disciplines such as health, environment, human services, education, arts and culture and community development.
News & Views New incubation program opens to help social impact orgs ready for Opportunity Zone funds November 28, 2018 The Kresge Foundation announced today a $390,000 grant to Calvert Impact Capital that will support the Opportunity Zones Incubator, a technical assistance program for social impact entities that are interested in or exploring taking a Qualified Opportunity Fund to market. Kresge selected five mission-aligned organizations that are exploring ways to direct…
News & Views Mission, Money & Markets: The best kept secrets of the CDFI sector May 22, 2019 The default image of a CDFI is a nonprofit, unregulated loan fund. In fact, half of the 1,100 certified CDFIs are not nonprofit, unregulated loan funds. Almost 30% are credit unions and about 20% are for-profit banks, bank holding companies, or venture capital funds.
News & Views Arts & Culture team names new senior program officer January 24, 2018 The Kresge Foundation is pleased to welcome Tatiana Hernandez as senior program officer with the foundation’s Arts & Culture Program. Hernandez was most recently the Arts Director at the Hemera Foundation in Boulder, Colorado where she developed a program exploring the intersection of creativity and reflective practices. Previously, as program…
News & Views Kresge grants $2.6 million to organizations confronting COVID-19 in Detroit, New Orleans and Memphis April 16, 2020 Foundation also waives $1M in interest payments for 6 months on active PRIs The Kresge Foundation announced a combined $2.6 million in grants in Detroit, New Orleans and Memphis in a round of funding in response to the COVID-19 pandemic on Thursday. Among other uses, $1.55 million in Detroit grant…
Resource The Saving Power of Community Creativity July 15, 2021 As communities begin shifting from COVID-19 immediate response efforts to long-term recovery, now is the time to recognize the true value that arts, culture and Creative Placemaking organizations bring to community revitalization. In a report from the Center for Community Progress and Metris Arts Consulting titled The Saving Power of Community Creativity, community leaders who…