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Kresge Foundation
AddedFeb 13, 2024
UpdatedJun 28, 2026
Kresge Foundation

Kresge Foundation

Operating

Kresge Foundation: A leading US philanthropic organization, investing in urban opportunities and community development.

Founded
1924
Location
Troy, MI, US
Overview
Compare
Employees
Website

Founded in 1924, the Kresge Foundation is a philanthropic private foundation headquartered in Troy, Michigan. Its core mission is to expand opportunities in America's cities through strategic grantmaking and investments. The foundation focuses on arts and culture, education, environment, health, human services, and community development. With an endowment of $4.3 billion as of June 2021, Kresge Foundation aims to create lasting impact and equitable opportunities in urban areas.

Notable figures associated with the Kresge Foundation include its founder Sebastian S. Kresge and various influential board members and executives over the years. The foundation has achieved significant milestones, such as commemorating its centennial with a major celebration and actively addressing social injustices through targeted community development initiatives. Its overall impact is profound, being one of the wealthiest charitable organizations globally and a key player in fostering urban revitalization and equity.

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Kresge Foundation - Quick Facts

What organizations are similar to Kresge Foundation?

Organizations similar to Kresge Foundation include Charles Stewart Mott Foundation, Boston Foundation, Cleveland Foundation and Richard King Mellon Foundation.

When was Kresge Foundation founded?

Kresge Foundation was founded in 1924.

Where is Kresge Foundation's headquarters located?

Kresge Foundation's headquarters is located in Troy, MI, US.

When was Kresge Foundation's last funding round?

Kresge Foundation's most recent funding round was for $33.1M (USD) in January 2020.

How much has Kresge Foundation raised to-date?

As of Jan 28, 2020, Kresge Foundation has raised a total of $40.1M (USD).

How many employees does Kresge Foundation have?

Kresge Foundation has 143 employees as of Feb 5, 2024.

Kresge Foundation - Classification

Ownership
  • Private
Geographic Exposure
  • United States
Revenue
  • Recurring
Customer
  • Non-Profit
Main Product
  • Grantmaking
  • Investing
NAICS
  • 813000Religious, Grantmaking, Civic, Professional, and Similar Organizations
  • 813900Business, Professional, Labor, Political, and Similar Organizations
  • 813920Professional Organizations
  • 810000Other Services (except Public Administration)
SIC
  • 8600Membership Organizations
  • 8690Membership Organizations, Not Elsewhere Classified
ISIC
  • 7210Research and experimental development on natural sciences and engineering
Show 8 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541000Professional, Scientific, and Technical Services
  • 541700Scientific Research and Development Services
  • 541710Research and Development in the Physical, Engineering, and Life Sciences
  • 541715Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
SIC
  • 8733Noncommercial Research Organizations
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8730Research, Development, And Testing Services