About the Foundation
The Kresge Foundation is one of the top 20 private foundations in the United States and the only one focused exclusively on expanding opportunities for people with low income in American Cities. With a $3.8 billion endowment and a staff of over 100 employees, the foundation deploys grants and social investments across arts and culture, education, environment, health, human services and community development. The foundation’s state-of-the-art headquarters maintains an array of energy-efficient, water-conserving and health-promoting systems. The foundation also operates an office in Detroit’s Midtown district.
About the position
The Kresge Foundation has been utilizing social investments to complement its grant making activities for about 12 years. Since inception, the Foundation has invested over $300MM through the practice and there is strong executive and Board support to accelerate the Foundation’s use of non-grant forms of capital (debt, equity, guarantees, deposits).
The Social Investment Officer will work closely with Social Investment staff and the Managing Directors of several Program areas to identify sector level issues that lend themselves to investment, develop a capital strategy, identify or create impactful transactions and assist in the ongoing learning, evaluation and asset management of transactions.
This position works with multiple stakeholders and the candidate must have the right blend of hard and soft skills. The ideal candidate will have a finance or banking background, evidence of sustained idea generation, an understanding of the social/impact investing sector and a passion to use capital to make a difference. The candidate will also have a deep understanding of place-based investments, specifically in Detroit but with a working knowledge of other place-based social investment strategies. The candidate must have strong written and oral presentation skills and understanding of how to present to and work with an Investment Committee, Executive Team, and other key stakeholders.
Externally, this position works with grantees, borrowers, investors, consultants, and legal counsel.
Application deadline for this position is September 16, 2020
Kresge is proud to be an Equal Employment Opportunity and Affirmative Action employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBT applicants. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.
Please note: Due to the coronavirus pandemic, all Kresge staff are working remotely, and our Troy and Detroit offices remain closed until further notice. Kresge staff will not be traveling or attending in-person meetings during this time. Thank you for your understanding.