Kresge Foundation Meets Economic Downturn Head on, Awarding a Record $63.6 Million in Grants in Fourth Qu... ( Grants advance foundation's strategic...)

Kresge Foundation Meets Economic Downturn Head on, Awarding a Record $63.6 Million in Grants in Fourth Quarter 2008

Date:2/11/2009

Grants advance foundation's strategic objectives in 30 states, particularly in the areas of community development, health and the environment.

TROY, Mich., Feb. 11 /PRNewswire-USNewswire/ -- The state of the economy did not deter the trustees of The Kresge Foundation from awarding $63.6 million in grants at its fourth-quarter board meeting in December, making the quarter, together with the $181 million in grants for 2008 as a whole, the most generous in the foundation's 85-year history.

"If ever there was a time for Kresge to put its resources on the line to help nonprofit organizations serving the poor and disadvantaged," says Elaine D. Rosen, chair of the board, "it is now. The magnitude of the economic contraction demands we be both creative and aggressive in our grantmaking."

The foundation made 125 awards in the fourth quarter to organizations in 30 states and the District of Columbia, plus Canada, Great Britain and South Africa. This complements 2008 grants made in the third quarter, the second quarter and the first quarter, in its six fields of interest - health, environment, community development, arts and culture, education and human services.

A complete list of the fourth quarter grant awards is provided below.

Detroit Program

The foundation made 19 grants to advance the five strategic objectives of Kresge's community development work in metropolitan Detroit, its home town: strengthening the downtown, revitalizing city neighborhoods, re-tooling the regional economy, supporting arts and culture, and enhancing the environment.

A $4 million grant to the College for Creati
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