The Kresge Foundation

Tax-deductible

Troy, MI501(c)(3)Foundations & GrantmakersEIN 38-1359217Revenue $61.3M in FY2024

On file with the IRSkresge.org3215 W Big Beaver Rd, 48084-2818 · Troy, MITax-exempt since Apr 1928Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$3.9M paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $35.1M a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$3.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$116.4M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61.3M
-78% vs prior year
Spent
$214.4M
Net assets
$3.9B
By yearFY2020–FY2024
Revenue
$61.3M
FY2024▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2020$288.1M
FY2021$373.5M
FY2022$245.0M
FY2023$279.7M
FY2024$61.3M
Expenses
$214.4M
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$168.6M
FY2021$238.3M
FY2022$214.6M
FY2023$236.4M
FY2024$214.4M
Net assets
$3.9B
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1B
FY2021$4.5B
FY2022$3.9B
FY2023$3.9B
FY2024$3.9B

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1928.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 73% · $156.4M Operating & administrative 27% · $58.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990-PF; $3.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,192,304Pt VII · Sec A
President, CEO, Trustee
$946,698Pt VII · Sec A
VP, CFO & Cao, Treasurer
$548,209Pt VII · Sec A
$452,036Pt VII · Sec A
General Counsel & Board Secretary
$394,670Pt VII · Sec A
Board Chair, Trustee
$43,500Pt VII · Sec A
$28,500Pt VII · Sec A
$28,500Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Kresge Foundation executive salaries →

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Programs and updates

A private foundation based in Troy, MI.

Questions for The Kresge Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 800 grants · $170.0M · 2024–2024
Foundation for Detroits FutureFY2024$5,000,000
The Blackbaud Giving FundSC · FY2024$4,406,874
Community Foundation for Southeast MichiganFY2024$2,830,000
Vose River Charitable FundMD · FY2024$2,700,000
The Barack Obama FoundationIL · FY2024$2,400,000
Wayne State University Research & Technology Park in the City of DetroitFY2024$2,000,000
Office of the Assistant Secretary for Indian AffairsFY2024$2,000,000
College for Creative StudiesMI · FY2024$1,823,000
CulturesourceMI · FY2024$1,757,250
Enterprise Community Partners INCMD · FY2024$1,666,000
M-1 RailMI · FY2024$1,600,000
Detroit Future CityMI · FY2024$1,400,000
The Urban InstituteDC · FY2024$1,126,000
PolicylinkCA · FY2024$1,050,000
Tides CenterCA · FY2024$1,000,000
Living Cities Blended Catalyst Fund LLCFY2024$800,000
See all 800 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV450
Average grantPart XV$213K
Median grantPart XV$140K
Largest grantPart XV$5.0M
Top cause focusNTEECommunity Development (11%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$61.3M
Investment income$59.3M
Other income$2.0M
Money out
$214.4M
Grants paid$156.4M
Running costs$58.0M
Owns and owes
$3.9B
net assets
Cash and savings$2.3M
Total assets$4.0B
Liabilities$116.4M
People
18
listed
Paid18
2In more detail
Revenue in detail
Investment income$59.3M
Other income$2.0M
Total revenue$61.3M
Assets in detailEnd of year
Cash and savings together$2.3M
Total assets$4.0B
Liabilities$116.4M
Net assets$3.9B
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $61.3M$214.4M−$153.1M$3.9B 990 PDF
FY2023 $279.7M$236.4M$43.3M$3.9B 990 PDF
FY2022 $245.0M$214.6M$30.4M$3.9B 990 PDF
FY2021 $373.5M$238.3M$135.3M$4.5B 990 PDF
FY2020 $288.1M$168.6M$119.5M$4.1B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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