The Kresge Foundation

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					THE KRESGE FOUNDATION
   Information Workshop

    Host: Murdock Trust
         Oregon Zoo
        Portland, OR
  Friday, December 10, 2004
        Workshop Outline

   History & Background of The Kresge
    Foundation
   Overview of Grantmaking Programs
   Bricks & Mortar Challenge Program
    details
   Application Process
      The Kresge Foundation
       History & Background
   Founded 1924 by Sebastian Kresge,
    entrepreneur who established Kresge
    Dept. stores (became Kmart)
   Foundation not part of Kmart
   One of the 1st generation of philanthropic
    institutions; to “promote the well-being of
    mankind”
    Kresge Foundation Today

   Current assets of $2.6B
   In 2003 awarded 142 grants, totaling
    $108M
   Average grant award = $636k, median
    grant $450k
   Typical grant range -- $250k-750k
    Grantmaking Programs
Special Initiatives
       Partnership to Raise Community Capital

       HBCU

       Detroit Initiative

       Special Opportunities Initiative


   Green Building Initiative

   Science Initiative

   Bricks & Mortar Challenge Grant Program
    Green Building Initiative

   Educational Publications & Workshops

   Planning Grants

   Bonus Grants
          Science Initiative

   Challenge grant to upgrade and
    endow scientific instrumentation and
    laboratories in colleges, universities,
    teaching hospitals, medical schools
    and research institutions
  A SUCCESSFUL CAMPAIGN
A successful campaign leaves in its wake a
stronger board and staff, and a giving
constituency that is boarder and deeper.

Both will be useful to the organization
when it faces the inevitable challenges
and opportunities that occur when not in a
capital campaign.
 Bricks & Mortar Challenge
          Program


 Goal is to build organizational
capacity through challenge grants
       for capital projects.
        Bricks & Mortar Challenge
                Program
       NOT A MATCH!
       The challenge is to raise the balance
        remaining in the campaign less KF grant
        award amount from private sources
       Goal is to build organizational capacity,
         Private Fund Raising
         Volunteer commitment
         Expanded Programming
         Staff Development
         Enhanced facilities
      Bricks & Mortar Challenge
               Program
Conditions for grant payment:
I. The challenge goal must be met
   with new private gifts (balance
   remaining in campaign less KF
   grant award amount)
II.   The project is under contract and
      within available resources.
      Bricks & Mortar Challenge
              Program
Eligible Projects
   New construction
   Renovation
   Purchase of property/real estate
   Purchase of major equipment or
    integrated system
      Bricks & Mortar Challenge
              Program
Eligible Organizations
     Universities             Environmental groups
     Hospitals                Human Service
     Long term care           Culture & Arts
      facilities                organizations
     Health clinics           Public affairs
                                organizations
     Scientific research
      organizations            Government entities
      Bricks & Mortar Challenge
               Program

Ineligible Organizations
     Elementary and secondary schools
     Community colleges
     Churches
      Bricks & Mortar Challenge
               Program
Eligibility – Special Cases
   Elementary & Secondary schools may be
    eligible if their primary mission is to serve
    individuals with disabilities

   Religious organizations may qualify if
    serve secular needs, have financial &
    governing autonomy.
        Organizational Readiness

   Stable budget (no accumulated deficits,
    good cash flow, strong balance sheet)
   Increasing/stable demand for services
   Effective board leadership (are they
    committed to campaign?)
   At least 2 years of operations
           Project Readiness

   Project scope well-defined
   Regulatory approvals secured or
    imminent
   Costs firm (based on advanced
    architectural design)
   Long term financing in place
       Fund raising Readiness

   Board committed
   Leadership gifts committed
   Campaign strategy in place
   Volunteers recruited, organized
    and involved
Applying for a Challenge Grant

Organizational Fact Sheet
   Track record: Start up organizations or
    organizations with less than 2 yrs may not
    be competitive
   Accreditation: hospitals, higher ed (e.g.
    JCAHO, NEASC, etc.)
Applying for a Challenge Grant
Organizational Fact Sheet
   Financial data: plan for operations and
    maintenance; explain deficits
   Profile of persons served –Diversity should
    reflect those served (board & staff).
   Service data – Explain fluctuations
    Applying for a Challenge Grant
Project & Campaign Fact Sheet –
  Project Information
   May be single or multiple capital projects
   Grant may be applied to construction, renovation,
    property purchase, or equipment
   Grant may be used to challenge these and other
    non-capital objectives – e.g. annual support,
    endowment, etc.
    Applying for a Challenge Grant
Project & Campaign Fact Sheet –
  Funds Available
   List gifts paid or pledged in writing
   Gov’t, loans/bonds should be secured or
    backstopped
   Bequests should be paid or in probate
   Deferred gifts –should be formal, irrevocable
    Applying for Challenge Grant
Project & Campaign Fact Sheet –
  Grant Request
   KF grant request should be 1/5 to 1/3 of
    the balance to be raised at time of KF
    decision
   Challenge period of at least 6 and not
    more than 18 months from KF decision
    Applying for Challenge Grant

Gift Charts
   Provide key information about
    organization’s:
     Campaign goals
     Status of efforts

     Blueprint for completing campaign
           Application Timing
   Kresge Trustees meet 4 times per year to
    make grant decisions – March, June,
    September & December
   Applications should be submitted about 4
    months prior to meeting dates
   Predict progress during review
   How Kresge challenge will be used to
    leverage new private gifts and grants
   Appointments or conference calls may be
    scheduled before applying
          Application Process

   General Question call
   Appointment/Conference call
   Submission of proposal
   Program Officer review
   Internal Board and Staff review
   Board decision
         Competitive Features

   Effective planning          Good institutional &
                                 program record
   Board and lead gifts
    committed                   Good diversity
   Strong gifts profile –      Campaign outcome:
    number & diversity           broadened & deepened
                                 donor base
   Timing fits KF
     Uncompetitive Features

   Long term financing and/or government
    funding not secured.
   Fund-raising extends beyond completion
    of project.
   Disproportionate request or KF would be
    largest private gift.
   Deficits, declining use figures, lack of or
    poor accreditation.
  A SUCCESSFUL CAMPAIGN

A successful campaign leaves in its wake a
stronger board and staff, and a giving
constituency that is boarder and deeper.

Both will be useful to the organization
when it faces the inevitable challenges
and opportunities that occur when not in a
capital campaign.
    The Kresge Foundation
Temporary Mailing Address:
2701 Troy Center Drive
Suite 150
Troy, MI 48084

248-643-9630 (phone)
248-643-0588 (fax)
www.kresge.org

				
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