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The Kresge Foundation

Profile

Last profile update: 04/12/2017
Last grant data update: 05/06/2017

At A Glance

The Kresge Foundation

3215 W. Big Beaver Rd.

Troy, MI United States 48084-2818

Telephone: (248) 643-9630

URL: kresge.org

Type of Grantmaker

Independent foundation

Additional Descriptor

EIN

381359217

BRIDGE Number

1820024314

Background

Incorporated in 1924 in MI - Founded by the late Sebastian Spering Kresge for the “promotion of human progress.” Kresge amassed a fortune as founder and chairman of the board of the S.S. Kresge Co., a 5-and-10-cent syndicate operating through the U.S., Canada, and Puerto Rico (now known as K-Mart Corp.). The foundation is not affiliated or associated with K-Mart or any other organization. The foundation received distributions of cash and securities from the estate of the late Clara K. Kresge totaling $7,533,191 in 1983 and $11,773,896 in 1984

Purpose and Activities

The foundation seeks to strengthen nonprofit organizations by catalyzing their growth, connecting them to their stake holders, and challenging greater support through grants. The foundation believes that strong, sustainable, high capacity organizations are positioned to achieve their missions and strengthen communities. Grants are awarded to nonprofit organizations operating in the fields of education, health and long-term care, human services, arts and humanities, public affairs, and science, nature, and the environment.