The Kresge Foundation plans to relocate from Troy to Detroit, a highly anticipated move for a philanthropic organization with so much local influence.
Why it matters: Being part of the community in which it invests is central to credibility, CEO Rip Rapson told reporters ahead of Friday’s announcement that Kresge will move to the Marygrove Conservancy campus in northwest Detroit.
- Kresge, with 130 employees and a $4 billion endowment, is also planning neighborhood improvements to help prevent displacement and gentrification that could come with the entrance of such a major neighbor.
What they’re……