As managing director of The Kresge Foundation’s Social Investment Practice, Kimberlee Cornett works closely with the foundation’s program teams to make capital and financing available to organizations working on key, strategic priorities of the foundation. She identifies capital gaps and then structures loans, loan guarantees and alternative financing through banks, community development financial institutions and specialized lenders to meet specific project needs.
“By bringing financing to bear on a problem, we unlock new sources of capital that are essential to measurably move the needle,” Kimberlee says.
Prior to joining Kresge in 2009, Kimberlee worked at Maryland-based Enterprise Community Investment, a real estate investment services company for affordable housing and community development. From 2000 to 2007, she served as vice president of the firm’s investment management division and closed on $1 billion in equity investments in affordable housing projects. Later, as vice president of national equity initiatives, she led business development efforts for the company’s debt and equity products.
Kimberlee was appointed a White House Fellow by President Clinton and served at the Small Business Administration. Previously, she led a Habitat for Humanity start-up affiliate and worked at a shelter for homeless women and children in Washington.
A graduate of Hood College in Maryland, she earned a master’s degree in organizational development at Marymount University in Virginia.
Photo: Douglas Schaible