Name: The Kresge Foundation Type: Private Charitable Foundation Size of Endowment: $3.6 bn Year of Establishment: 1924 Description: Established by Sebastian S. Kresge in 1924, the Kresge Foundation is a $3.6 billion private, national foundation headquartered in Troy, Michigan. The foundation works to expand opportunities in America’s cities through grantmaking and investing in arts and culture, education, environment, health, human services and community development efforts. The endowment is led by Chief Investment Officer Robert Manilla, along with 12 other members on the investment team.