June 2, 2017
President and CEO of The Kresge Foundation Rip Rapson was one of a select few named “Change Makers” by Crain’s Detroit Business earlier this month. As Crain’s points out, the Troy-based foundation has served as a “convener on important issues and helped bring private investment back to Detroit by taking the first risk.”
Changing how philanthropy works in Detroit
By: Sherri Welch
Crain’s Detroit Business
June 1, 2017
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Home mortgages in Detroit are up 25 percent across the city. The QLine has spurred $1.3 billion in economic development in downtown alone.
Both are examples of the wide-ranging work the Kresge Foundation has done to show the world Detroit is on the way back — and of how Rapson is changing philanthropy in Detroit.
In the decade since Rip Rapson joined the Kresge Foundation, he’s taken its work well beyond grants. The Kresge Foundation has served as a convener on important issues and helped bring private investment back to Detroit by taking the first risk.
He and the Troy-based foundation have played a role in “table-setting” — helping to convene community conversations around important topics like the one that led to the Detroit Future City plan, a 50-year blueprint for revitalizing the city and neighborhoods in Detroit, released in 2013.
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