Kresge Foundation Commits $350 Million to Social Investments
Submitted by Steve on September 17, 2015
The Kresge Foundation Board of Trustees approved an ambitious plan to invest $350 million by 2020 through the foundation’s Social Investment Practice, making clear that using a variety of investment tools is central to bringing enhanced opportunities to low-income people in America’s cities. The $350 million represents approximately 10 percent of the foundation’s corpus as of 2015. As the foundation expands its use of these types of investments, it will continue to align them with its six program areas — Arts & Culture, Education, Environment, Health, Human Services and Community Development in Detroit — and make nearly $140 million in grants each year.