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 grant-making Program areas to identify sector level issues that lend themselves to program related 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 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. Most importantly the ideal candidate will have a strong commitment to racial equity and service to others.
Externally, this position works with grantees, borrowers, investors, consultants, and legal counsel.
HOW TO APPLY
Applications due by 11:59 Eastern on February 2, 2021. Click here to learn more about the position or to apply.
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