Mississippi Museum of Art gets $1 million for renovation and repair projects
August 28, 2012
Through a highly competitive and long-winded process, the Mississippi Museum of Art received a $1 million grant from the Kresge Foundation to support its renovation and repair projects.
The Kresge Foundation is a private organization headquartered in Detroit, Michigan, that was first established by Sebastian Spering Kresge's $1.6 million gift in 1924. The foundation, which is worth $3.1 billion, now focuses its philanthropic giving on Detroit programs, community development, arts and culture, health, human services, education and the environment.
"Drawing on our historical expertise as a funder of arts and cultural facilities, we want to help arts and cultural organizations properly maintain these important physical assets," said a representative of The Kresge Foundation. "In doing so, we are assisting organizations as they build financial reserves to meet the short and long-term operating expenses associated with maintaining their buildings."
In the latest round of grantmaking, the Kresge Arts and Culture Team handled 372 applications for grants that asked for $263 million in funds from organizations in 44 states. Foundations can streamline their application processes with a web-based forum and fundraising management
software that manages requests and fund allocation.