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.
Nor does it require serving one or more of the United Nations' 17 “Sustainable Development Goals,” a global framework for impact investing. “The...more
The program was funded with a $135,000 grant from The Kresge Foundation and is believed to be one of the first of its kind in Detroit. It got its start...more
"Investors sometimes wonder if their impact investment was actually living up to its name," says Le Houerou.The Brief's Big 7: Global investment firms adopt IFC principles seeking a market standard...more
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, cannot be tackled by questioning the return on investment.