The Kresge Foundation is a private, national foundation based in Detroit was established since 1924 by Sebastian Spering Kresge.
The foundation supports seven specifically defined programs: Arts and Culture, Community Development, Detroit, Education, Health, and Human Services. They partner with those organizations and individuals commited to the needs of poor people and communities.
The hallmark of their work as a foundation is creating opportunities for low-income people.
Kresge Foundation committed $22 million in investments to two goal-aligned investment managers.Kresge has authorized up to $25 million of its total $150 million in guarantee capacity to this single...more
Kresge Innovative Projects: Detroit initiative relaunched with $6 million for three years.25 organizations earn up to $150,000 for projects.Projects include a combined art gallery-cafe in Mexicantown...more
The philanthropic guarantee model is something Kresge is looking at to ... "Guarantees are a less-utilized, but powerful tool by philanthropy (that) are highly efficient at crowding in capital...more
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.