The Kresge Foundation is one of the top 20 largest private foundations in the U.S. Our staff of over 100 employees works to expand opportunities in America’s cities for people with low incomes. We do this through grantmaking and social investing nationally in arts and culture, education, environment, health, human services and placed-based work in Detroit, Memphis, New Orleans and other parts of the country.

Our state-of-the-art headquarters maintains an array of energy-efficient, water-conserving and health-promoting features. 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, of non-endowment capital, through the practice and there is strong executive and Board support to accelerate the Foundation’s use of non-grant forms of capital that prioritizes programmatic return (debt, equity, guarantees, deposits). The Social Investments Practice is a stand-alone department that sits aside the Foundation’s Program’s departments and reports directly to the CEO. The Social Investment Practice does not manage the Foundation’s endowment.

The Portfolio Manager will be located in our Troy, MI offices and work closely with Social Investments and Finance Department staff as well as other foundation employees and investee organizations to manage existing investments and to support the ongoing learning, evaluation and asset management of transactions.  This is an asset management position, although the incumbent may support some origination work after the first year depending on interest, ability and the needs of the team.

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 related asset-management background, an understanding or expertise in non-profit financial statements and business models, an understanding of the social/impact investing sector and a passion to support the use capital to make a difference. Prior experience with social investing or private foundations is a plus, but not required. The candidate must have strong writing and communications skills as well as an aptitude for visualizing data, identifying trends, and distilling details into an insightful high-level view. 

Externally, this position works with grantees, borrowers, investors, consultants, and legal counsel. 

HOW TO APPLY

Application deadline for this position is 11:59pm EST January 6, 2021. Click here for more information and to apply.