News and analysis
March 24, 2013

Kresge Seeks to Do More Without Spending More

The Kresge Foundation is investing in advocacy, giving low-interest loans to nonprofits, and offering funds from its endowment as backing for grantees to secure credit

Douglas Schaible

Ariel Simon, the Kresge Foundation’s first chief strategy officer, will help oversee a fund to create housing and health centers for low-income people.

The Kresge Foundation, whose $3.2-billion endowment has dropped 20 percent from its 2007 high, is trying to do more with less.

The foundation’s latest effort to help its troubled home city, Detroit, is a good example of how Kresge seeks to expand...

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