Kresge offer brings $8M growth to local endowments

Kresge offer brings $8M growth to local endowments: "Kresge offer brings $8M growth to local endowments
Twenty agencies raised money to qualify for foundation match
Sunday, January 16, 2005
By CAMMIE EAST COWAN
Staff Reporter
Twenty local nonprofit agencies serving education, social services and the arts have boosted their endowments by $8 million after three years of work and a $2 million challenge from the widely known Kresge Foundation.
For every $3 the nonprofits raised on their own, Troy, Mich.-based Kresge offered a $1 match. "