The Kresge Foundation and The Rockefeller Foundation have partnered to request letters of inquiry from prospective fund managers around investments and investment strategies that create
wealth, assets and opportunity in low-income communities, based on the federal Investing in Opportunity Act.
The foundations are requesting initial Letters of Inquiry around investment strategies that:
Relate to one or more of the programmatic goals of The Kresge or Rockefeller Foundations.
Align with one of Kresge’s six program areas and/or focus on Detroit, Memphis or New Orleans.
Advance inclusive community development, economic mobility and/or expanding access to quality jobs.
Will embed impact measurement and equity into the work.
Prospective applicants should download and study the request.