The Kresge Foundation

The Kresge Foundation

The Kresge Foundation

Overview
Date Founded

1924

Headquarters

3215 W BIG BEAVER RD TROY MI 48084-2818

Charitable Causes

Private Independent Foundations
Education Research & Support
Philanthropy, Voluntarism, and Grantmaking Foundations

Employees (Worldwide)

101 - 250

Industries

Social Interest
Investment Services & Portfolio Management
Internet Software & Services

Company Description

The Kresge Foundation is a $3.1 billion private, national foundation headquartered in Metropolitan Detroit, in the suburb community of Troy. The goals and aspirations of seven narrowly defined programs guide its grantmaking and investing. In 2012, the Board of Trustees approved 410 awards totaling $130.5 million; $150.3 million was paid out to grantees over the course of the year. The way we work Kresge has redefined itself as a strategic philanthropy, having completed a historic transition that began in 2007. Long known for its exclusive use of the challenge grant to help local communities raise the funds necessary for major construction and renovation projects, it now employs an array of funding methods to address and advance a set of narrowly defined programmatic objectives. “The brilliance of Sebastian Kresge is best exhibited in his guiding wish that the foundation ‘promote human progress,’” explains Elaine D. Rosen, chairwoman of the Board of Trustees. “It is the responsibility of the board and staff to interpret his maxim and to take the foundation where it needs to go to be relevant in the 21st century. Redefining ourselves as a strategic philanthropy represents our efforts to fulfill this responsibility.”

Website

http://www.kresge.org

Contact Data
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In The News
PR Newswire
October 4, 2019
PetSmart Charities Appoints Kimberlee Cornett as President
Philanthropy News Digest
October 1, 2019
Four Foundations Join Forces to Award $12.2 Million for Detroit Arts
PR Newswire
September 25, 2019
Common App Awarded Grants from the Kresge Foundation and the Michelson 20mm Foundation to Help Serve Underrepresented Students; Funding to provide support for evaluation of evidence-based college access interventions, scholarship application solutions, an
Detroit Free Press
September 21, 2019
Detroit Youth Choir to get $1 million after all; Mayor Duggan gives them keys to city, says there should have been 2 'AGT' top prizes
Targeted News Service
September 12, 2019
Cecilia Munoz Joins MacArthur Board

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Executives & Employees
See More
Rip Rapson

President & Chief Executive Officer

Amy Robinson

Chief Financial Officer

Robert J. Manilla

Vice President & Chief Investment Officer

Sheryl M. Madden

Deputy Chief Financial Officer & Controller

Elizabeth A. Goldsberry

Managing Director Investment Office

Donna Lynn Snider

Managing Director Investment Office

Lois R. DeBacker

Managing Director Environment

Wendy L. Jackson

Managing Director Detroit

Benjamin S. Kennedy

Vice President, Place-Based Programs Managing Director American Cities

William F. L. Moses

Managing Director Education

Board of Directors
Crystal Y. Coleman

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The Kresge Foundation
Advisors & Consultants
Senior Advisor
Maria Rosario Jackson

Senior Advisor Arts & Culture at The Kresge Foundation
Non-Profit Donations & Grants
$1M - $3M
2018
HonorHealth Foundation

$798K - $3.99M
2018
Toronto General & Western Hospital Foundation

$750K
2016
North End Workforce Readiness Center

Non-Profit Donations & Grants Received
$1M - $3M
2018
HonorHealth Foundation

Investments
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Fluxx Labs, Inc. develops software for management ecosystem. Its products include Grantmaker, Grantseeker and impact intelligence. The company was founded by Jason Ricci, Andrew Lee, Eric Hansen and Kerrin Mitchell in 2010 and is headquartered in San Francisco, CA.

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