TROY, MI

Kresge Foundation

Quick Facts

EIN: 381359217
Location: TROY, MI
Category: Philanthropy & Grantmaking
Total Assets: $4B
Annual Income: $9.6M
IRS Ruling Year: 1928
Organization Type: Corporation
Tax Deductibility: Contributions are deductible

About This Foundation

Kresge Foundation is a private corporation based in TROY, MI. The foundation received its IRS ruling in 1928. It holds total assets of $4B. Annual income is reported at $9.6M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

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Financial Overview

Total Giving

$236.4M

2023+10%

Total Assets

$4.1B

2023+1%

Fair Market Value

$4.1B

2023

Net Worth

$3.9B

2023

Grants Paid

$185M

2023

Contributions

2023

Net Investment Income

$285.1M

2023

Distribution Amount

$194.2M

2023

Total Giving by Year

$174.9M

$156.4M

$170.6M

$194.3M

$170.4M

$214.5M

$168.6M

$238.3M

$214.6M

$236.4M

Asset Growth

$3B

$3.3B

$3.5B

$3.7B

$3.8B

$4.2B

$4.7B

$4B

$4.1B

Investment Portfolio (2023)

Total: $1.5B

Corporate Stock: $1.2B

Corporate Bonds: $280.9M

Other Investments: $2.5B

Cash: $1.6M

Corporate Stock (30%)

Corporate Bonds (7%)

Other Investments (63%)

Cash (0%)

Expense Breakdown (2023)

Grants Paid$185M

Pension & Benefits$6.1M

Officer Compensation$3.5M

Travel & Conferences$3.3M

Depreciation$1.4M

Occupancy$997K

Interest$518K

Accounting Fees$455K

Legal Fees$237K

Printing & Publications$126K

Revenue Sources (2023)

Capital Gains (Net): $271.5M
Dividends: $4.7M
Other Income: $1.9M
Interest: $1.6M

Financial Details (2023)

Total Revenue: $279.7M
Total Expenses: $236.4M
Exempt Purpose Expenses: $197.3M
Required Distribution: $194.2M
Undistributed Income: $0
Grants Approved (Future): $87.4M
Total Liabilities: $127.6M
Excise Tax: $4M

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$54.3M

Average Grant

$1.1M

Median Grant

$748K

Grant Range

Min$500K

Max$3.7M

Median: $748K

Smallest grantLargest grant

Geographic Distribution of Grants

VT: $735K (1)

MN: $600K (1)

MI: $18.7M (12)

NY: $3.1M (4)

MA: $1.9M (3)

IL: $1.1M (2)

CA: $5.4M (7)

VA: $700K (1)

MD: $4.7M (3)

DC: $9.9M (10)

TN: $1.6M (2)

NC: $620K (1)

SC: $3.7M (1)

LA: $1M (1)

MI$18.7M (12)

DC$9.9M (10)

CA$5.4M (7)

MD$4.7M (3)

SC$3.7M (1)

NY$3.1M (4)

Past Grantees

Recipient	Location	Amount	Year
The Blackbaud Giving FundMATCHING GIFT	Charleston, SC	$3.7M	2023
Community Foundation For Southeast MichiganTHIS GRANT WILL FUND THE KRESGE EDUCATION FUND, A DONOR ADVISED FUND AT THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN, WHICH WILL HOUSE GENERAL OPERATING SUPPORT FUNDING FOR THE MARYGROVE CONSERVANCY.	Detroit, MI	$3M	2023
Invest Detroit FoundationTHIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS.	Detroit, MI	$2.5M	2023
Vose River Charitable FundTO SUPPORT UNIVERSITY OF SOUTH FLORIDA COLLEGE OF PUBLIC HEALTH (COPH) TO SERVE AS THE NEW NATIONAL PROGRAM OFFICE (NPO) FOR THE RE-BOOT OF THE EMERGING LEADERS IN PUBLIC HEALTH INITIATIVE. USF WILL LEAD THE DESIGN AND IMPLEMENTATION OF THE NEW TRAINING, SELECT AND SUPPORT FUTURE COHORTS OF PUBLIC HEALTH DEPARTMENTS, PROVIDE AND COORDINATE TECHNICAL ASSISTANCE, AND COLLABORATE WITH THE HEALTH PROGRAM ON EVALUATION AND LEARNING ACTIVITIES.	Bethesda, MD	$2.5M	2023
Detroit Future CityDETROIT FUTURE CITY IS REQUESTING A GRANT OF $2,000,000 FOR 2023 GENERAL OPERATING SUPPORT. FUNDING WILL SUPPORT STRATEGIC PRIORITIES IDENTIFIED THROUGH ITS CURRENT STRATEGIC PLANNING PROCESS AND AIMED AT IMPROVING QUALITY OF LIFE FOR ALL DETROITERS.	Detroit, MI	$2M	2023
The Brookings InstitutionTHROUGH ITS FEDERAL-LOCAL BRIDGE FOR LEARNING AND IMPACT, BROOKINGS METRO WILL FORGE NEW INSIGHTS THAT (1) HELP LOCAL LEADERS SHAPE THE NEXT GENERATION OF PLACE-BASED ECONOMIC DEVELOPMENT, (2) INFORM STATE INFRASTRUCTURE DECISION-MAKING AND GOVERNANCE INNOVATIONS, (3) PROMOTE EQUITABLE CLIMATE RESILIENCE, AND, GENERALLY, LEVERAGE UNPRECEDENTED FEDERAL INVESTMENT TO REBUILD MORE PROSPEROUS, JUST, AND RESILIENT COMMUNITIES.	Washington, DC	$2M	2023
Marygrove Conservancy Support CorporationTHIS GRANT PROVIDES FUNDING FOR THE MARYGROVE CONSERVANCY SUPPORT CORPORATION (MCSC) TO FUND THE NEW MARKET TAX CREDITS TRANSACTION FOR THE MARYGROVE EARLY EDUCATION CENTER.	Detroit, MI	$2M	2023
Wayne State University Research & Technology Park In The City Of DetroitTHIS GRANT PROVIDES PROJECT SUPPORT AND REGRANTING FUNDS TO CO.ACT DETROIT TO ACT AS THE GRANTMAKING INTERMEDIARY FOR KRESGE INNOVATIVE PROJECTS: DETROIT ROUND 8.	Detroit, MI	$1.9M	2023
Downtown Detroit Partnership IncTO SUPPORT DOWNTOWN DETROIT PARTNERSHIP, (DDP) TO MANAGE THE COMMUNITY ENGAGEMENT CONSULTING PROJECT AND SERVE AS THE LEAD ORGANIZATION FOR THE DEVELOPMENT OF A COMPREHENSIVE DESIGN FRAMEWORK FOR THE TRANSFORMATION OF INTERSTATE 375 (I-375) AND ITS CONNECTING SECTION OF INTERSTATE 75 (I-75) IN DOWNTOWN DETROIT.	Detroit, MI	$1.9M	2023
College For Creative StudiesTO CONTRIBUTE TO THE VIBRANCY OF DETROIT COMMUNITIES BY PROVIDING CRITICAL SUPPORT TO INDIVIDUAL ARTISTS IN THE TRI-COUNTY REGION.	Detroit, MI	$1.8M	2023
Enterprise Community Partners IncTHIS GRANT PROVIDES SUPPORT TO ENTERPRISE COMMUNITY PARTNERS FOR A CDO FUND THAT WILL PROVIDE OPERATING SUPPORT TO DETROIT COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THREE YEARS.	Columbia, MD	$1.7M	2023
New Venture FundTHIS PROJECT GRANT SUPPORTS THE NEW VENTURE FUND TO SERVE AS THE INTERMEDIATE FOR A FUNDER COLLABORATIVE FOCUSED ON CULTURE AND CREATIVITY AS DRIVERS OF EQUITABLE COMMUNITY CHANGE.	Washington, DC	$1.7M	2023
Urban InstituteTO SUPPORT LEARNING IN AND ACROSS CITIES ON HOW TO ACHIEVE SHARED PROSPERITY BY HELPING LOCAL LEADERS ALIGN FEDERAL INVESTMENTS WITH LOCAL GOALS; BUILDING A NEW URBAN PRACTICE THROUGH ACTIONABLE RESEARCH, STRATEGIC ADVISING, AND THOUGHT LEADERSHIP; AND LEVERAGING AND EXPANDING URBANS OWN LEARNING AND DISSEMINATION CIRCLE ON ECONOMIC HEALTH, EQUITY, AND CLIMATE ACTION.	Washington, DC	$1.5M	2023
PolicylinkTHIS CROSS-TEAM OPERATING GRANT SUPPORTS POLICYLINK'S MISSION AND WINNING ON EQUITY INITIATIVES.	Oakland, CA	$1.2M	2023
Lincoln Institute Of Land PolicyTO PROVIDE OPERATING SUPPORT TO THE CENTER FOR COMMUNITY INVESTMENT, WHICH WORKS TO OVERCOME HISTORIC PATTERNS OF DISINVESTMENT TO IMPROVE ECONOMIC OPPORTUNITY AND RACIAL EQUITY.	New York, NY	$1.1M	2023
Amalgamated Charitable Foundation IncRENEWAL SUPPORT FOR COMMUNITIES FIRST FUND TO ADVANCE THE EQUITABLE IMPLEMENTATION OF FEDERAL INFRASTRUCTURE FUNDING. COMMUNITIES FIRST FUND WILL BRING COMMUNITY PARTNERS, GOVERNMENT, AND PHILANTHROPIC LEADERS TOGETHER THROUGH REGIONAL CONVENINGS TO CREATE THE ENABLING CONDITIONS FOR TRANSFORMATIVE AND SYSTEMIC CHANGE FOR MORE JUST AND EQUITABLE INFRASTRUCTURE OUTCOMES.	Washington, DC	$1.1M	2023
National Performance Network IncTHIS PROJECT GRANT SUPPORTS THE NATIONAL PERFORMANCE NETWORKS FIELD BUILDING AND RACIAL JUSTICE EFFORTS THROUGH ITS NEWLY CREATED DEPARTMENT OF RACIAL JUSTICE AND MOVEMENT BUILDING.	New Orleans, LA	$1M	2023
National League Of Cities Institute IncTHE LOCAL INFRASTRUCTURE HUB BOOTCAMP PROGRAM IS AN ONLINE CURRICULUM FOR SMALL TO MID-SIZED CITIES, DESIGNED TO DELIVER HIGH-QUALITY APPLICATIONS FOR THIRTY PROGRAMS FROM THE BIPARTISAN INFRASTRUCTURE LAW (BIL).	Washington, DC	$1M	2023
Community Foundation For Southeast MichiganTHIS GRANT PROVIDES PROJECT SUPPORT TO THE NEW ECONOMY INITIATIVE TO CREATE THE SMALL BUSINESS SUPPORT NETWORK, WHICH WILL BUILD AND STRENGTHEN THE ECOSYSTEM OF INCLUSIVE ENTREPRENEURSHIP AND ECONOMIC GROWTH IN METRO DETROIT.	Detroit, MI	$1M	2023
Social And Environmental Entrepreneurs IncCLIMATE CHANGE, HEALTH & EQUITY INITIATIVE PEER-LEARNING SUPPORT	Calabasas, CA	$959K	2023
Daisa Enterprises LlcTHIS GRANT WILL SUPPORT THE BACKBONE STAFFING AND FACILITATION OF THE EQUITABLE FOOD ORIENTED DEVELOPMENT (EFOD) COLLABORATIVE, A POWERFUL JUSTICE-FIRST FRAMEWORK FOR EQUITABLE FOOD SYSTEMS DEVELOPMENT AND INVESTMENT.	South Hadley, MA	$898K	2023
Community Lift CorpBUILDING SUPPORT FOR MEMPHIS COMMUNITY DEVELOPMENT SECTOR AND IMPLEMENTING THE MEMPHIS 3.0 PLAN.	Memphis, TN	$810K	2023
The New SchoolTHE PURPOSE OF THIS CROSS-TEAM GRANT BETWEEN HUMAN SERVICES AND DETROIT IS TO SUPPORT THE NEXT PHASE OF THE PARTNERSHIP WITH THE INSTITUTE ON RACE, POWER AND POLITICAL ECONOMY AT THE NEW SCHOOL (THE INSTITUTE).	New York, NY	$800K	2023
Urban Renaissance Partners IncTO PROVIDE FUNDING TOWARDS THE CONSTRUCTION OF AN EARLY CHILDHOOD EDUCATION CENTER IN THE SOUTH CITY NEIGHBORHOOD OF MEMPHIS AND CONTRIBUTE TO THE PHYSICAL REVITALIZATION OF THE COMMUNITY.	Memphis, TN	$750K	2023
The Center For Cultural PowerTHIS PROJECT GRANT SUPPORTS THE CONSTELLATIONS CULTURE CHANGE FUND AND INITIATIVE.	Oakland, CA	$750K	2023
Community Services UnlimitedON BEHALF OF THE EQUITABLE FOOD ORIENTED DEVELOPMENT (EFOD) COLLABORATIVE, COMMUNITY SERVICES UNLIMITED REQUESTS A 3-YEAR GRANT OF $2,235,000 TO SUPPORT THE FIELD OF EFOD PRACTITIONERS AND ORGANIZATIONS ACROSS THE U.S. FUNDS WILL SUPPORT THE DEVELOPMENT OF THE EFOD FUND, REGRANTING TO EFOD ORGANIZATIONS THROUGH A PARTICIPATORY PRACTITIONER-LED PROCESS, AND WILL SUPPORT ONGOING ENGAGEMENT AND CONNECTION THROUGH THIS POWERFUL JUSTICE-FIRST FRAMEWORK OFFERING THE OPPORTUNITY TO DRIVE A NEW MODEL OF	Los Angeles, CA	$745K	2023
Craft Emergency Relief FundTHIS PROJECT GRANT SUPPORTS THE CRAFT EMERGENCY RELIEF FUNDS EMERGENCY RELIEF AND RECOVERY EFFORTS IN SUPPORT OF ARTISTS WORKING IN CRAFT DISCIPLINES ACROSS THE UNITED STATES.	Montpelier, VT	$735K	2023
Race ForwardBUILDING A MULTIRACIAL DEMOCRACY AND A RACIALLY EQUITABLE SOCIETY.	New York, NY	$700K	2023
American Public Human Services AssociationTHE PURPOSE OF THE GRANT IS TO CONTINUE TO SUPPORT THE PARTNERSHIP WITH THE AMERICAN PUBLIC HUMAN SERVICES ASSOCIATION (APHSA) FOCUSED ON PERSON CENTERED SYSTEM CHANGE DRIVEN BY THE PUBLIC SECTOR.	Arlington, VA	$700K	2023
Michigan College Access NetworkGENERAL OPERATING SUPPORT TO INCREASE COLLEGE ATTAINMENT IN MICHIGAN.	Lansing, MI	$700K	2023
CulturesourceTO PROVIDE GENERAL OPERATING SUPPORT FOR CULTURESOURCE AS THE KEY INTERMEDIARY RESOURCING BOTH ARTISTS AND ARTS AND CULTURE ORGANIZATIONS IN METROPOLITAN DETROIT.	Detroit, MI	$673K	2023
Us Water AllianceTHIS GRANT SUPPORTS THE U.S. WATER ALLIANCES WORK TO SCALE AND STRENGTHEN THEIR WATER EQUITY NETWORK (WEN), INTEGRATE ARTS AND CULTURAL PRACTICES INTO WEN, HELP WATER UTILITIES ADOPT NEW GREENHOUSE GAS EMISSION MITIGATION PRACTICES, AND HOST A SUCCESSFUL KRESGE CREWS CONVENING IN CONJUNCTION WITH THE ONE WATER SUMMIT.	Oakland, CA	$645K	2023
Mdc IncTHIS GRANT WILL BUILD ON CURRENT EFFORTS OF THE HUMAN SERVICES TEAMS PARTNERSHIP WITH MDC TO SUPPORT THE AGENDA TO CENTER RACIAL EQUITY AND RACIAL JUSTICE TO ADVANCE MULTIGENERATIONAL FAMILY SOCIAL AND ECONOMIC SUCCESS ACROSS THE SOUTH.	Durham, NC	$620K	2023
Starfish Family Services IncTHIS GRANT PROVIDES AN OPERATING SUBSIDY TO STARFISH FAMILY SERVICES FOR THE ONGOING OPERATIONS OF THE MARYGROVE EARLY EDUCATION CENTER (MARYGROVE EEC).	Inkster, MI	$600K	2023
Climate And Clean Energy Equity FundBUILDING THE CAPACITY OF GRASSROOTS ORGANIZATIONS TO ADVANCE EQUITABLE CLIMATE AND CLEAN ENERGY POLICIES	Washington, DC	$600K	2023
Borealis PhilanthropyGENERAL OPERATING SUPPORT FOR THE DISABILITY INCLUSION FUND AT BOREALIS PHILANTHROPY.	Minneapolis, MN	$600K	2023
Constitution Hill TrustTHIS GRANT WILL SUPPORT A PUBLIC ARTWORK PROGRAMME AND PLACEMAKING INITIATIVE AT CONSTITUTION HILL IN ORDER TO MAKE THE PRECINCT MORE LEGIBLE, ACCESSIBLE AND INVITING TO VISITORS AND PASSERBY AND TO DRAW THEM TO THE WE THE PEOPLE EXHIBITION.	Johannesburg	$600K	2023
IffTHIS GRANT PROVIDES PROJECT SUPPORT TO IFF TO MANAGE THE IMPLEMENTATION OF THE HOPE STARTS HERE FRAMEWORK.	Chicago, IL	$591K	2023
Southern California GrantmakersTHE PURPOSE OF THIS GRANT TO SUPPORT A GUARANTEED INCOME (GI) PROGRAM IN THE COUNTY OF LOS ANGELES, DESIGNED TO PROVIDE 1000 PEOPLE WITH $1000 A MONTH FOR THREE YEARS, PROVIDING A UNIQUE OPPORTUNITY TO EXAMINE HOW GUARANTEED INCOME COULD MITIGATE POVERTY AND RACIAL WEALTH GAPS IN LOS ANGELES COUNTY AND NATIONWIDE.	Los Angeles, CA	$550K	2023
National College Attainment NetworkADDRESSING THE COVID-19-RELATED DECREASE IN COLLEGE ENROLLMENT, AND GENERAL OPERATING SUPPORT	Washington, DC	$550K	2023
Central Valley Community FoundationTHIS GRANT PROVIDES GENERAL OPERATING SUPPORT FOR THE CENTRAL VALLEY COMMUNITY FOUNDATION (CVCF) TO SUPPORT THE DRIVE INITIATIVE AS A BACKBONE ORGANIZATION.	Fresno, CA	$550K	2023
Iff (Detroit Office)THIS GRANT PROVIDES PROJECT SUPPORT TO IFF TO SUPPORT AND STRENGTHEN DETROITS EARLY CHILDHOOD FACILITIES INFRASTRUCTURE BY CONNECTING THE EARLY CHILDHOOD AND COMMUNITY DEVELOPMENT SYSTEMS, DEVELOPING PROOF POINTS, POLICY ADVOCACY AND STORYTELLING, AND TECHNICAL ASSISTANCE.	Detroit, MI	$540K	2023
Third Sector New England IncTHIS GRANT WILL PROVIDE SUPPORT TO THE EMERGING LEADERS IN PUBLIC HEALTH (ELPH) INITIATIVE BY OFFERING CAPACITY BUILDING AND LEGAL TECHNICAL ASSISTANCE TO THE TEAMS AND EMPOWERING THEM IN THEIR ROLES TO USE PUBLIC HEALTH LAW AND POLICY MORE EFFECTIVELY TO ENHANCE THE HEALTH OF THEIR COMMUNITIES. THE NETWORK WILL ALSO BE AVAILABLE TO PROVIDE SUPPORT TO THE CLIMATE CHANGE, HEALTH & EQUITY INITIATIVE (CCHE) IMPLEMENTATION PARTNERS TO ADVANCE THEIR WORK IN ACHIEVING HEALTH EQUITY THROUGH CLIMATE CHA	Boston, MA	$535K	2023
Big Cities Health CoalitionPROMOTE AND ACHIEVE BCHCS MISSION OF ADVANCING EQUITY AND HEALTH FOR PRESENT AND FUTURE GENERATIONS.	Takoma Park, MD	$501K	2023
Health Leads IncBUILDING ON LESSONS LEARNED FROM COVID-19 THROUGH ITS VACCINE EQUITY COLLABORATIVE, HEALTH LEADS WILL SUPPORT A HEALTH EQUITY COMMUNITY COLLABORATIVE WHICH WILL FOCUS ON DRIVING LONGER-TERM, SUSTAINABLE CHANGES TO LOCAL AND NATIONAL PROCESSES, PRACTICES, AND POLICIES TO ERADICATE RACIAL HEALTH INEQUITIES.	Boston, MA	$500K	2023
Living Cities Blended Catalyst Fund LlcTHE PURPOSE OF THIS GRANT IS TO PROVIDE GENERAL OPERATING SUPPORT FOR LIVING CITIES TO ADVANCE LOCAL AND NATIONAL EFFORTS TO CLOSE THE RACIAL WEALTH GAPS BY SHIFTING THE FLOW OF CAPITAL OF ALL TYPES.	Washington, DC	$500K	2023
Inner-City Muslim Action NetworkTHIS PROJECT GRANT SUPPORTS THE INNER-CITY MUSLIM ACTION NETWORK'S STRATEGY TO EXPAND ARTS AND CREATIVE PLACEMAKING EFFORTS AS PART OF ITS GO GREEN ON RACINE.	Chicago, IL	$500K	2023
Opportunity Agenda IncTHE GRANT WILL PROVIDE THE INFRASTRUCTURE THAT WILL BE LEVERAGED TO PROVIDE TRAINING, COLLABORATION, AND EXPERIMENTATION OPPORTUNITIES FOR LEADERS BUILDING NARRATIVE POWER TO INCREASE PUBLIC SUPPORT FOR IMMIGRANTS.	New York, NY	$500K	2023
Center On Budget And Policy PrioritiesTHIS GRANT WILL PROVIDE CONTINUED FUNDING TO THE CENTER FOR BUDGET AND POLICY PRIORITIES (CBPP) TO SUPPORT THE WORK OF ITS HOUSING AND INCOME SECURITY TEAM TO RESEARCH, DEVELOP, AND PROMOTE THE IMPLEMENTATION IMPROVEMENTS TO TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF), CHILD SUPPORT, HOUSING, AND OTHER ECONOMIC SECURITY PROGRAMS INCLUDING EMERGING INITIATIVES SUCH AS GUARANTEED BASIC INCOME PILOTS.	Washington, DC	$500K	2023
Institute For Market Transformation IncSUPPORTING COMMUNITY ENGAGEMENT IN THE DESIGN AND IMPLEMENTATION OF BUILDING RETROFIT POLICIES	Washington, DC	$500K	2023

990-PF Filings

Tax Period	Return Type	View
2023-12	990PF	View Filing
2022-12	990PF	View Filing
2021-12	990PF	View Filing
2020-12	990PF	View Filing
2018-12	990PF	View Filing
2017-12	990PF	View Filing
2016-12	990PF	View Filing