Kresge Awards $2.6 Million in COVID-19 Recovery Grants

Kresge Awards $2.6 Million in COVID-19 Recovery Grants

The Kresge Foundation has announced grants totaling $2.6 million in support of COVID-19 response efforts in Detroit, New Orleans, and Memphis.

A portion of the funds, $1.55 million, will support emergency relief efforts in Detroit for people and families impacted by the virus. In New Orleans, grants totaling $600,000 will support nonprofit organizations working to assist people experiencing homelessness, senior populations, and low-wage workers. And in Memphis, grants totaling $485,000 will help nonprofits continue to serve residents as well as musicians and artists in the community.

The foundation also announced that it is waiving all interest payments on its portfolio of program-related investments for six months, generating some $1 million in temporary relief on forty-one active loans.

"The COVID-19 pandemic calls for constructive acts of community building, kindness, and generosity as we work to flatten the curve and as we lay the groundwork for the reconstruction of our communities in the pandemic's aftermath," said Kresge Foundation president Rip Rapson. "Across our foundation, every program and department is in communication with partners across the country to find where we can bring our leverage best to bear to halt the spread of this virus and abate devastating health and economic impacts. At the same time, we look to support and strengthen the nonprofit ecosystems of American cities, with particular attention to efforts that are rooted in the communities they serve. These grants in our hometown and our focus cities, New Orleans and Memphis, are the first in a series of grants to quickly and efficiently support relief efforts grounded in each place."