Earlier this month, Kresge hosted Our Urban Future: The Next Era of Making Change in America’s Cities, a summit in Detroit convening 350 changemakers from more than a dozen cities. We sought to address some of the most significant issues of our day: racial repair and healing, climate adaptation and mitigation, economic mobility and abundance. The discussions were deeply substantive and insightful. Beyond the content, being with a forward-thinking and imaginative group of changemakers was refreshing and meaningful. There is something magical about experiencing fellowship and shared purpose — together. At Kresge, we plan to process what we heard at the summit over an extended period. We're excited to incorporate participants' insights into our existing efforts. Stay tuned for further updates on lessons learned. In the meantime, this video recap captures some of the action and insights. — Kresge American Cities Program Managing Director Chantel Rush Tebbe
The Kresge Foundation
Philanthropic Fundraising Services
Troy, Michigan 54,186 followers
Expanding opportunity in America's cities
About us
The Kresge Foundation was founded in 1924 to promote human progress. Today, Kresge fulfills that mission by building and strengthening pathways to equity and opportunity for low-income people in America’s cities, seeking to dismantle structural and systemic barriers to equality and justice. Using a full array of grant, loan, and other investment tools, Kresge invests more than $160 million annually to foster economic and social change. For more information visit Kresge.org.
- Website
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https://kresge.org/
External link for The Kresge Foundation
- Industry
- Philanthropic Fundraising Services
- Company size
- 51-200 employees
- Headquarters
- Troy, Michigan
- Type
- Nonprofit
- Founded
- 1924
- Specialties
- Education, Detroit, Arts & Culture, Health, Human Services, Social Investing, Environment, American Cities, Opportunities, and Cities
Locations
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Primary
3215 W Big Beaver Rd
Troy, Michigan 48084, US
Employees at The Kresge Foundation
Updates
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The Kresge Foundation reposted this
As we all gear up for an important one-month sprint to the November elections, we can all agree that getting out the #vote is of the essence, regardless of party affiliation or ideological orientation. Despite the growing number of attempts at enacting voting restrictions - including constraints on mail-in ballots and mail ballot drop boxes - there is the occasional ray of light encouraging #voting: The Michigan Secretary of State recently unveiled new designs developed by Detroit young people for the iconic “I Voted” stickers. Here they are: https://lnkd.in/gQYMGdvN
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Kresge Investment Office Managing Director Venus Phillips, CFA, CAIA, was named to Pensions & Investments’ (P&I) 2024 class of Influential Women in Institutional Investing. The list of 60 women, who collectively manage $59 trillion in investable capital, exemplifies the commitment to improving outcomes for beneficiaries and promoting greater representation across the industry, writes P&I President and Publisher Nikki Pirrello. Phillips leads investment recruiting efforts and champions Kresge’s ‘25% by ’25’ pledge to have 25% of the foundation’s U.S. assets invested with firms owned or managed by women and people of color by 2025. Congratulations!
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Congratulations to Kresge's Sheryl Madden on joining the MICPA Board of Directors.
Members! Join us in welcoming a new addition to the MICPA Board of Directors, Sheryl Madden, CPA, deputy CFO and controller of The Kresge Foundation! As MICPA Professional Ethics Committee Chair, FASB NFP Advisory Committee Member and advocate for the profession, Sheryl brings a wealth of experience and insight to the association’s board. Welcome Sheryl!
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The Kresge Foundation reposted this
We could not be more thrilled that the Community Foundation for Southeast Michigan has named Nicole Sherard-Freeman as its new president. She will be succeeding Richard DeVore, who has served with deep distinction for nearly three years and who has decided to retire. Nicole will be beyond fabulous. Congratulations Nicole!
Nicole Sherard-Freeman named as New President; Ric DeVore to Retire
cfsem.org
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At this year's Detroit Homecoming, Rip Rapson spoke with Knight Foundation President & CEO Maribel Perez Wadsworth about the next decade of philanthropy in Detroit. He asks, "How does our civic culture approach its most difficult questions?" One way is through collaboration. Rapson touted the collaboration between philanthropies working in Detroit including, The Skillman Foundation, Knight Foundation, Ford Foundation, Ralph C. Wilson, Jr. Foundation and many others. "Collaboration is not an episodic thing. It has to be cultivated. It's like a muscle... It's been a long and slow process, but you keep working at it. It's never done, to be sure. The challenges and opportunities are constantly changing. But the opportunities to connect with the philanthropic community in Detroit are quite powerful." Watch now on YouTube: https://lnkd.in/gXWcqsCS
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Today, our longtime Environment Program Managing Director Lois DeBacker is retiring after 33 years in philanthropy and 16 years at Kresge. We will miss her for many reasons, including her sense of humor! She's pictured here at her send-off earlier this week with T-shirts and a prop rubber chicken, a team inside joke. Join us in wishing Lois all the best as she enters this new stage of life. Thank you, Lois, for your years of service advancing climate change mitigation, adaptation, and justice!
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Two weeks ago, we brought hundreds of changemakers to Detroit to convene at a centennial summit, Our Urban Future: the Next Era of Making Change in America's Cities. We are so thankful to those who contributed their insights — on economic equity, racial repair, and climate action — during that time. Read a full recap here: https://bit.ly/47JVbm7 Photos featuring Dr. Michael McAfee, Jessica Paz-Cedillos, Asali DeVan Ecclesiastes, Monica Valdes Lupi, JD, MPH, Judy Monroe, Rip Rapson, Chantel Rush Tebbe, Mikeya Griffin, and Leona Medley among others!
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We’re very proud to partner with Opportunity Finance Network on a new fellow position that will advise this national network of CDFIs on climate finance development. Joe Evans will continue his work with our Social Investment Practice on behalf of Kresge’s Environment Program throughout this fellowship.
Taking a moment to share this news as well as to thank my colleague and friend Joe Evans for his willingness to take on this role. Joe is the longest-tenured member of our team and one of the most experienced program-related investment portfolio directors in our sector. He's also one of the country's foremost experts in community development climate finance having invested in CDFI's, green banks, installers, TA providers, engineering firms, charging station providers, weatherization, numerous trade associations, and many others too numerous to count. When Joe and I spoke about this opportunity we both agreed we would look back at this time as the birth of the community development climate finance movement and it will be as important or maybe even more important than other seminal moments like the creation of the LIHTC or the founding of the CDFI Fund. That realization led us to ask what more can we do to support our partners? The unfortunate answer for my team is to send Joe out on loan to help OFN build the infrastructure the sector will need over the next decade to truly bring climate into everything we do in community development finance. It will be painful for our team but we are retaining 50% of his time to continue the investment work and will look forward to welcoming him back in a few years knowing how much knowledge and experience he will bring back to the team. I'm really grateful to work for an organization that is willing to invest not only its financial capital but also its human capital in the success of our partners. I'm looking forward to seeing everything Joe and OFN accomplish together and if you see him at Climate Week in NY, please congratulate him. https://lnkd.in/gAGWW9By
Opportunity Finance Network and Kresge partner on fellowship to drive innovation in climate finance - Kresge Foundation
https://kresge.org
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In our recently released special Centennial annual report edition, Kresge President & CEO Rip Rapson explores the six roles that philanthropy can play in city transformation: "Over the 18 years in which I’ve had the privilege of serving as president of the foundation, we’ve come to an understanding of how to meet (the) challenge: being additive rather than redundant … being expansive without losing focus … calibrating between reasonable risk and aspirational audacity … using the full suite of tools of private philanthropy. As we see it, Kresge plays six fundamental roles — engaging tasks that we do well and calling on tools that we use with skill — which we blend, stack, and combine with the freedom that few of our counterparts in other sectors enjoy." Read more about the six roles in his full letter: https://lnkd.in/e_i-3dVS Learn how to order your copy of the annual report while supplies last or download a PDF version: https://lnkd.in/eAWH7UKP