The Kresge Foundation
|Key people||Rip Rapson|
|Focus(es)||A number of topics|
The Kresge Foundation is a U.S. philanthropic private foundation headquartered in Troy, Michigan.  The goals and aspirations of seven programs guide its grantmaking and investing. Those programs are Arts & Culture, Community Development, Detroit, Education, Environment, Health, and Human Services. 
The philanthropy partners with organizations committed to creating opportunity for low-income people in America's cities.
In 2012, the foundation's Board of Trustees approved 410 awards totaling $130.5 million; $150.3 million was paid out to grantees over the course of the year. Kresge's Social Investment Practice made another $10 million available to organizations whose efforts support foundation goals through program-related investments. 
Kresge redefined itself as a strategic philanthropy, after completing a historic transition that began in 2007. Long known for its exclusive use of the challenge grant to help local communities raise funds for major construction and renovation projects, it now employs an array of funding methods to address and advance a set of narrowly defined programmatic objectives. It awards grants and makes program-related investments. Some grants are awarded for a single year; others are for multiple years. Some of its programs accept applications on an ongoing basis. Others proactively invite or solicit applications.
In January 2013, the foundation pledged $150 million to aid in the implementation of a long-ranging, comprehensive framework for Detroit's future, also known as The Detroit Future City plan.
The Foundation's beginnings
In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
- Contact Page The Kresge Foundation. Retrieved on July 21. 2011.
- Programs The Kresge Foundation. Retrieved on Aug. 24. 2011.
- "Kresge Foundation Pledges $150 Million To Implement Detroit Future City Framework". Huffington Post. Retrieved 20 March 2013.