Wednesday, February 11, 2009

Kresge Foundation Meets Economic Downturn Head on, Awarding a Record $63.6 Million in Grants in Fourth Quarter 2008

The state of the economy did not deter the trustees of The Kresge Foundation from awarding $63.6 million in grants at its fourth-quarter board meeting in December, making the quarter, together with the $181 million in grants for 2008 as a whole, the most generous in the foundation's 85-year history. Read more here.

Many foundations are working to increase their funding during this difficult time. We thank our local funders for their important support. As one funder remarked recently, "they are making a economic investment" in their communities by funding nonprofits.

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