Kresge Foundation opened their new foundation office at Woodward Avenue, Detroit. They joined the Detroit-based foundations such as Hudson-Webber Foundation, Community Foundation for Southeast Michigan, McGregor Fund, and Skillman Foundation.
According to the senior program director of Kresge's Detroit program, it is a great location for them to be closer to their work in Detroit.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, Â cannot be tackled by questioning the return on investment.