Foundation Grants
Community Vital Signs
About Us
In 1924, Sebastian Kresge founded the Kresge Foundation, "one of the oldest foundations in the United States, and the largest in Detroit," as the Detroit Free Press puts it.
Today, the foundation is one of the largest private philanthropies in the country with an endowment of nearly $4 billion, and it's planning to celebrate its 100th anniversary in Detroit in 2024, the Detroit News reports.
"Our centennial year will not only commemorate the Kresge Foundation's arc of accomplishment since its establishment in 1924, but also afford an opportunity to reflect on our future trajectory and impacton Detroit, on the nation, and on the practices of philanthropy," Kresge President and CEO Rip Rapson says in a press release.
The foundation has given more than $5.1 billion in grants since its founding, and more than $1 billion of that has been invested in Detroit, the Free Press reports.
Kresge invested in all 50 states and Washington, DC, as well as 18 countries.
"Here's to a century of work that equipped the Kresge Foundation for this moment, and to the next century that will be shaped by what we hope to achieve," Rapson says.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
Foundation: Changemakers
They're young, they're bold, and they're solving some of Nigeria's most pressing problems. Nine young people in their teens and early 20s have been named "Young Changemakers" by the social...more
"Scores of youths and women who are unemployed are neither unintelligent nor lazy but are financially handicapped and lack enterprise development assistance needed to set up and grow their...more
Jensyn Hallett grew up in rural Arkansas, where men were typically the breadwinners and held sway over financial decisions. "However, witnessing the strength and resilience of women like my mom...more
When Iowa resident Anna Steil Kerns started dancing at age 9, she didn't like it. "I didn't like it," she tells KCCI. "I had to work really hard in order to make it my second year. I...more
"We speak at length about the guest experience and take pride in the outstanding service and world-class welcome that we offer," says Michael Magner, president of the Irish Hotels...more
Idaho's Innovia Foundation is celebrating its 50th anniversary this year, and it's giving back in a big way. The foundation has awarded $446,000 in grants to 48 nonprofit organizations in North...more
If you can't make it to Belchertown's Farmers and Artisans Market on Sunday, you can always head to Leverett Elementary School on Monday. That's because the school has been awarded $13,000 in...more
Foundation: Nebraska Community Foundation
The small town of Leigh, Neb., is getting a big boost in its coffers thanks to a group of former residents and their families. Last year, 14 families and individuals (all Leigh High School alumni...more
If you're an artist who's never had an exhibition at the Metropolitan Museum of Art, you may want to consider getting in touch with the museum before it closes its doors for good in 2024, the New...more
"We are very grateful for their steady support over the years." So says Laurel Harry, executive director of the Rowan County Literacy Council, which recently received a $5,000 grant from the...more
Social Entrepreneurship
Spotlight
Role Philanthropy Plays in Impact Investing
CEO of the Community Development Financial Institution (CDFI) Nonprofit Finance Fund and impact investment book author, Antony Bugg-Levine, explains the role of how philanthropy serves as a catalyst in impact investments.