Kresge Foundation

Organization Overview

Kresge Foundation is located in Troy, MI. The organization was established in 1928. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kresge Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Kresge Foundation generated $288.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $168.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Kresge Foundation has awarded 8,547 individual grants totaling $1,249,547,486. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Deloitte Tax Llp
$409,800
Emerging Markets Inc
$275,000
Bny Mellon Asset Servicing
$1,056,802
One Cloud Services Llc
$224,673
Trista Harris Consulting Llc
$222,500
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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,500
Interest on Savings $40,858
Dividends & Interest $389,561
Net Rental Income$0
Net Gain on Sale of Assets $286,347,083
Capital Gain Net Income $123,696,723
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,370,510
Total Revenue $288,149,512

Grants Awarded

Over the last fiscal year, Kresge Foundation has awarded $231,660,344 in support to 1,178 organizations.

Grant RecipientAmount

FOUNDATION FOR DETROITS FUTURE

Org PageRecipient Profile

Detroit, MI

PURPOSE: DETROIT RETIREE-ART TRUST

$10,000,000

THE BLACKBAUD GIVING FUND

Org PageRecipient Profile

Charleston, SC

PURPOSE: MATCHING GIFT

$3,775,921

Washington, DC

PURPOSE: THIS 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.

$3,500,000

Washington, DC

PURPOSE: THIS 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.

$2,500,000

NATIONAL COLLEGE ATTAINMENT NETWORK

PURPOSE: ADDRESSING THE COVID-19-RELATED DECREASE IN COLLEGE ENROLLMENT, AND GENERAL OPERATING SUPPORT

$2,032,000

Detroit, MI

PURPOSE: THIS GRANT SUPPORTS THE EXPECTED ANNUAL SHORTFALL IN OPERATING REVENUE FOR THE QLINE ALONG WITH THE ECONOMIC REALITIES OF A SUSPENSION OF SERVICE THAT BEGAN IN LATE MARCH 2020 BECAUSE OF THE COVID-19 PANDEMIC.

$2,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Kresge Foundation has recieved totaling $75,000.

Awarding OrganizationAmount
Community Catalyst Inc

Boston, MA

PURPOSE: SUPPORT HEALTH ISSUES

$75,000
View Grant Recipient Profile

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