11 October 2011
Kresge Foundation Awards $1.2 Million to Encourage Michigan
Community Foundations to Expand Local College Access
Partnerships
(Grand Haven, MI – October 10, 2011) With an additional investment of $1.2 million from The Kresge Foundation, the Council of Michigan Foundations (CMF) will continue the highly successful Community Foundation Challenge Grant initiative that encourages Michigan community foundations to expand, enhance, strengthen and sustain their local college access partnerships.
The Kresge Foundation and CMF believe that community foundations are ideal candidates to support local college access programs because of their long-standing support of college scholarships, their leadership and commitment to local college access efforts, and their position as vital leaders in Michigan communities. The purpose of the Community Foundation Challenge Grant initiative is to leverage local private investment to engage and sustain college access partnerships, thereby increasing the college-going rate and culture in Michigan.
“The Kresge Challenge worked!”
The first round of Community Foundation Challenge Grants, completed in August 2011 with $500,000 in Kresge support to 13 Michigan community foundations, leveraged $890,060 in local funding, far exceeding the 1:1 match requirements. It also encouraged the establishment of $483,566 of permanently endowed funds at Michigan community foundations to support local college access activities and programs in perpetuity.
With this latest $1.2 million Kresge investment , CMF will enhance the initiative statewide, reaching additional Michigan community foundations and supporting a learning community with toolkits, networking opportunities, youth grantmaking incentives and second-tier funding to strengthen the sustainability of the local partnerships. The Kresge Community Foundation Challenge works in tandem with the Michigan College Access Network (MCAN), whose mission is to dramatically increase college participation and completion rates, particularly among Michigan’s low-income and/or first generation students. MCAN’s goal is to increase the proportion of Michigan residents with college degrees or high-quality credentials to 60% by the year 2025.
"CMF is excited to build on the momentum and incredible success of the Kresge Foundation’s partnership with Michigan community foundations." said Donnell S. Mersereau, CMF vice president of community foundations. "New local college access networks are in startup stages in communities all over Michigan and community foundations are eager to leverage their collective strength to build college attainment in their own backyards, and across the state."
“Kresge is thrilled that so many community foundations throughout Michigan are playing a leadership role in local college access efforts. By funding a second round of challenge grants, we hope to encourage even more community foundations to become engaged partners, attract new donors, and build local endowments to fund future college access efforts,” said Caroline Altman Smith, Kresge’s Program Officer for Education. “Our state is making great strides in building a college-going culture, but we still have a long way to go.”
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The Kresge Foundation is a $2.9 billion private, national foundation that seeks to influence the quality of life for future generations through its support of nonprofit organizations in six fields: health, the environment, arts and culture, education, human services and community development. Fostering greater access to and success in post-secondary education for lowincome, minority and first- generation college students is the focus of Kresge’s Education grantmaking. In 2010, Kresge awarded more than $23 million in grants to support higher education in the United States and South Africa, including approximately $2 million in Michigan. For more information, please visit www.kresge.org.
Founded in 1972, the Council of Michigan Foundations is nonprofit membership association of more than 350 foundations and corporate giving programs working together to strengthen, promote and increase philanthropy in Michigan. Learn more at www.michiganfoundations.org.
Official Press Release - click here
Contacts:
Cynthia Shaw, Director of Communications
The Kresge Foundation
248-643-9630
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Donnell S. Mersereau, Vice President
Council of Michigan Foundations
616-850-2132
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