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How This 100-Year-Old Foundation Helped Save Detroit
Foundation: Gates Foundation, Rockefeller Philanthropy Advisors, Kresge Foundation, Rockefeller Foundation
Detroit's Kresge Foundation turned 100 this month, and while the foundation's $4.3 billion endowment is sizable, it's less than a tenth of the size of the Bill and Melinda Gates Foundation, per Rockefeller Philanthropy Advisors.
Still, the foundation, named after Kmart founder Sebastian Spering Kresge, is known for its work in cities around the world, including a $100 million contribution to Detroit's "Grand Bargain" to help the city out of bankruptcy in 2013, reports the Detroit Free Press.
Kresge President Rip Rapson tells Fortune that the foundation's focus has shifted in recent years from infrastructure projects to helping cities and communities in need.
"We want to be a force for good in the world," he says.
"We don't want to be in the business of trying to solve the problems of the world.
We want to be in the business of helping people solve the problems of the world."
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Selected Foundation News
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Students involved with the Dickinson County CEO (Creating Entrepreneurial Opportunities) recently awarded the groupa€™s $1,000 grant to the 4:10 Irish Den in Chapman.High school students in...more
Governor Kelly Announces Nearly $11M for Community Improvements.24 rural Kansas communities will receive a share of nearly $10.9 million through the Community Development Block Grant (CDBG)...more
Foundation: Pine Bluff Area Community Foundation
The Arkansas Game and Fish Commission will close all access to Cane Creek Lake in Lincoln County Feb.10-12.The University of Arkansas at Pine Bluff's Alumni Endowment Scholarship applications are...more
Foundation: Community Foundation of Sarasota County
Sarasota County Schools facilitates the kindergarten through 12th grade Controlled Open Enrollment/School Choice process.The K-12 School Choice enrollment window for the 2025-2026 school year opens...more
Steinbach Arts Council announces additional performance of Fiddler on the Roof.Free culinary workshop series for participants aged 16 and older.Southeast Open Judged Exhibit will showcase artistic...more
Foundation: Community Foundation of Middle Tennessee
Horse Play, Inc.offers recreational and therapeutic riding opportunities to children with physical, mental, developmental, and emotional challenges in Coffee, Franklin, Bedford, and Lincoln...more
Destination Door County's Community Investment Fund has awarded over $1.9 million in grants since the program began in May 2023.Destination Door County President and CEO Jon Jarosh says it has been...more
Foundation: Berrien Community Foundation
Lincoln Township Library will be expanding its new digital lab thanks to a grant from the Berrien Community Foundation.Library Director Joelle Wake tells us they've been awarded a $10,000 For Good...more
Lincoln County group distributes $3.5M to fire, flood victims.The Community Foundation of Lincoln County, through its Shelter Fund, has been at the forefront of helping Ruidoso residents get back on...more
Foundation: Community Foundation for Greater New Haven
GNH/LNV Community Event Calendar | Derby Neck Library - Sunday Lower Naugatuck Valley Community Events Calendar.Sponsored by The Community Foundation for Greater New Haven and The New Haven...more
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Vilcek Foundation
Gates Foundation
Rockefeller Foundation
Barr Foundation
Pine Bluff Area Community Foundation
Community Foundation of Sarasota County
Community Foundation of Middle Tennessee
Berrien Community Foundation
Community Foundation for Greater New Haven
Northern Chautauqua Community Foundation
Social Entrepreneurship
Spotlight
Why This Book Needs to be Read By Every Social Entrepreneur
Pedagogy of the Oppressed, a 1970s book by author Paulo Freire, envisions a world not as a given reality, but as “a problem to be worked on and solved.” That mentality is often applied to the greatest social entrepreneurs.