The Kresge Foundation: Building Sustainable Cities through Blended Capital
Questions:
How can social finance re-imagine cities in crisis? What are the tools and strategies philanthropy requires at its disposal to deploy the full spectrum of capital?
Brief:
"Building Sustainable Cities through Blended Capital" examines The Kresge Foundation's journey of integrating social investing into its grantmaking to expand opportunities in America's cities. The case study discusses the Foundation's evolving approach to risk in this transition; how to create buy-in on strategic shifts from board members, staff, investor partners, and community; and takes a deep dive into the blended capital stack behind the Woodward Corridor Investment Fund in Detroit.