The Kresge Foundation has an instrumental influence in Detroit, from committing $100 million in 2014 to help usher the city out of bankruptcy to funding community projects. Kresge gave $181 million in national grants in 2021, the most recent year available, including $39 million in Detroit.
Why it matters: The Troy-based foundation is now considering how it can help Detroit implement its historic cache of federal COVID-19 recovery funding.
Rip Rapson, Kresge’s longtime president and CEO, spoke with Axios about how philanthropy can assist these efforts. The conversation has been edited for length and clarity.