Kresge foundation
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $6.0m | Debt | |
$33.1m | Grant | ||
Total Funding | $33.1m |
Recent News about Kresge foundation
EditThe Kresge Foundation is a prominent private foundation based in the United States, dedicated to advancing equitable community development and clean energy solutions. Established in 1924, the foundation operates nationally and focuses on four key cities: New Orleans, Memphis, Fresno, and Detroit. Kresge's mission is to promote inclusive practices in urban development, arts and culture, education, and human services, particularly for low-income populations. The foundation collaborates with a variety of partners to create pathways for individuals to improve their life circumstances and integrate into the economic mainstream.
Kresge serves a diverse range of clients, including community organizations, educational institutions, and cultural entities. It operates in the philanthropic sector, providing grants and strategic investments to drive social change. The foundation's business model revolves around leveraging its endowment to fund initiatives that align with its mission of fostering equity and opportunity.
Revenue is generated through investment returns on its endowment, which is then allocated to various programs and grants. Kresge's approach is characterized by a balance of proven strategies and innovative solutions to address systemic challenges.
Keywords: philanthropy, community development, clean energy, equity, education, arts, culture, low-income, urban development, grants.