For nearly 100 years, Kresge’s work to advance human progress has centered on two simple entry points to create change: investing in people and places.
Our 2022 annual report features five stories that showcase what investing in people and places looks like today. Origin stories for each of our eight Program and Practice areas share how we got here.
Letters from our President & CEO Rip Rapson and our Board Chair Cecilia Muñoz outline where we’ve been, and where we go next. Our financial report offers a transparent view of how we allocate our resources.
The Stories
Five highlights of how we invested in People + Places in 2022.
HOPE Toledo Promise
How one multi-generational family is supported to achieve college success
Memphis Medical District Investment Fund
A $30M boost for vibrancy and inclusive development in Memphis neighborhoods
Prosperity Now
Transforming human service organizations into power brokers to drive racial wealth equity
Resilient Eastside Initiative
Building hubs so Detroiters can mitigate climate change and find community
American Cities
2022 Key Activities
- Investing in the Local Infrastructure Hub
- Supporting the development of the Local Government ARPA Investment Tracker
- Serving on the Biden-Harris Administration’s Economic Opportunity Coalition
- Investing in the Central Valley Community Foundation’s Fresno Future of Food Innovation Coalition
- Investing in the Memphis Medical District Collaborative’s community revitalization efforts
55
New Grants
$19M
In New Approved Grants
12
Active Social Investments Totalling $43m
Arts & Culture
2022 Key Activities
- Grants augmenting creative practices in local and national funder collaboratives
- Investing in regional hubs of Creative Placemaking focused on racial equity
- Forming a new Creative Placemaking Resource with the National Endowment for the Arts
- Convening the Building and Supporting Equitable Development (BASED) grantees
- Multi-year grants awarded to sunsetting Culture of Justice initiative partners
56
New Grants
$15.8M
In New Approved Grants
6
Active Social Investments Totalling $12.8M
Detroit
2022 Key Activities
- Opening of renovated elementary school and launch of grades K-2 on Marygrove Conservancy campus
- $1.3 million in grants to 28 community-based projects through Kresge Innovative Projects: Detroit+
- Supporting the development of the $19.5 million Detroit Food Commons
- A new $2.5 million program to finance green energy updates for Detroit residents and nonprofits
- The commemoration of the 40th anniversary of Vincent Chin’s murder
99
New Grants
$34.5M
In New Approved Grants
22
Active Social Investments Totalling $168M
Education
2022 Key Activities
- Enhancing student voices through investments in student voting outreach and admissions practices
- Supporting efforts to restore pre-COVID college enrollment patterns
- Investments addressing college affordability and promoting debt relief and forgiveness
- Launching the Thrive Leaders Network to support BIPOC leaders
- Education Managing Director Bill Moses serving on the President’s Commission on HBCUs
78
New Grants
$25M
In New Approved Grants
3
Active Social Investments Totalling $3.6M
Environment
2022 Key Activities
- Exceeded the Climate Funders Justice Pledge with 39% of grant dollars going to BIPOC-led organizations
- Contributing to a $1.8 million fund that works to decarbonize buildings
- Funding organizations that are building climate resilient and equitable water systems
- Three grantees selected to become formal EPA Environmental Finance Centers
- Using grants and social investments to bring clean-energy investments to low-wealth communities
57
New Grants
$15.4M
In New Approved Grants
17
Active Social Investments Totalling $38.5M
Health
2022 Key Activities
- Supporting federal efforts to strengthen public health systems
- Awarded $1.1 million in grants to support the Advancing Health Equity Through Housing initiative
- Launched a multi-million-dollar initiative to promote Equitable Food Oriented Development
- Launched the next generation of the Emerging Leaders in Public Health initiative
- Expanded investments in organizations serving the health needs of BIPOC communities
65
New Grants
$25M
In New Approved Grants
16
Active Social Investments Totalling $31.2M
Human Services
2022 Key Activities
- Consulting with federal and state officials to elevate two-generation economic advancement efforts
- Developing a full suite of human services field-building tools and innovator resources
- Investing in partnerships between human service organizations and community colleges
- Investing in basic/guaranteed income pilot programs in cities
- Exploring anti-racist narratives about poverty, race, and family economic mobility
72
New Grants
$20M
In New Approved Grants
10
Active Social Investments Totalling $22.7M
2022 Key Activities
- Issued five commitments totaling $7 million to advance community solar solutions
- Created a strategic approach to investing in community ownership models
- Contributed to launch of $11 million Ebiara Fund to support Detroit’s BIPOC developers
Social Investment Practice