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…
Resource ‘101 Ways to Save the Planet’ podcast featuring Stacey Barbas November 10, 2020 In an episode of the podcast “101 Ways to Save the Planet” Stacey Barbas, senior program officer for health at The Kresge Foundation, talks about the foundation’s Fresh, Local & Equitable initiative (FreshLo). FreshLo seeks to improve access to healthy food, ignite entrepreneurship, spur economic development and integrate arts, culture and community-engaged…
News & Views Kresge Foundation announces awardees of new grantmaking initiative in Memphis June 14, 2017 The Kresge Foundation announced today that 10 organizations will receive a total of $1.3 million in grant support to boost opportunity for residents of Memphis. “Today marks a significant acceleration of Kresge’s commitment to Memphis,” said Chantel Rush, program officer with the American Cities Practice, who helped oversee the grantee…