Troy, Michigan, August 25, 2009 — The Kresge Foundation’s grantmaking continues to seek a balance between responding to the immediate hardships arising from the economic downturn and the longer-term challenges of addressing enduring social, environmental, and economic problems. At its second-quarter board meeting in June, Trustees awarded 73 grants totaling $26 million for nonprofit organizations in 23 states, the District of Columbia, and Ireland.
Troy, Mich., July 16, 2009 — My last post in February about the foundation’s response to the economic downturn described our plan to review requests from our capital challenge grantees to help them complete their capital campaigns. We have since extended additional assistance in a number of forms – from providing more time to complete the campaign to pursuing a different mix of revenue sources within the fundraising goal.
May 22, 2009 — The Kresge Foundation announced today that it is raising the bar on green building requirements for challenge grants awarded to applicants in the higher-education sector.
TROY, Mich., April 9, 2209 — Signaling the importance of affirming and strengthening philanthropic support for nonprofits in times of crisis, the trustees of The Kresge Foundation awarded nearly $73 million in grants in the first quarter of 2009. The awards represent the largest quarterly commitment in the 85-year-old foundation's history. It also reflects the foundation's continuing effort to build-out its longer-term strategies to fortify the essential components of healthy, vibrant communities while identifying ways to help improve the life circumstances of low-income citizens in the here-and-now.
Foundations can play several key roles in helping re-stabilize cities, said Rip Rapson, president of the Troy-based Kresge Foundation.