Kresge Foundation announces $150 million commitment to revitalize Detroit
January 14, 2013
The Kresge Foundation, a private national organization that was started in 1924 by Sebastian Spering Kresge, recently announced that it will continue its work to revitalize its hometown, Detroit. The foundation supports programs in arts and culture, community development, education, environment, health and human services as well, but has been increasing its effort to reestablish the metropolitan city to a culturally rich, vibrant region that's economically successful.
The new commitment will be disbursed over the next five years to support projects outlined in the recently released Detroit Future City report, which recommends turning vacant plots of land into green spaces and sparking development in communities as a way to highlight their cultural vibrancy, according to the Detroit Free Press.
"When the project was rolled out (in 2010), it focused on shrinking, it focused on condensing," Detroit City Councilman James Tate told the source. "What we have now (with the final plan) is really about optimizing what's strong about each community."
To achieve the plan's potential, the city will need vast funding and enough flexibility to rethink its infrastructure and approaches. However, many organizations, such as the Kresge Foundation and the federal government have already granted funds to bring new life to Detroit.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.