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Kresge Foundation Announces Call for Applications for Arts and Culture Facility Investments and Building Reserves Grants

The Kresge Foundation’s Arts and Culture Program is inviting preliminary applications for its Facility Investments and Building Reserves grants. The opportunity is part of the program’s Institutional Capitalization focus area, which is designed to strengthen the long-term financial health of arts and cultural organizations. Organizations may apply for two types of grants:

Facility investments grants support both project costs and the creation of a building reserve. This new grant opportunity will prioritize renovation and repair projects. On occasion, the foundation will entertain applications for new construction associated with exemplary sustainability practices or those that embody key principles of urban and community planning to enhance the quality of life in a place.

Building reserves grants are designed to seed or enhance a fund to support the ongoing maintenance and replacement needs of an organization over time.

The foundation has announced two changes to the eligibility criteria for this round of Facility Investments and Building Reserves grants. Applicants must now have arts and culture as their primary mission. Applicants that are subsidiaries, programs, or departments of parent organizations that do not have arts and culture as their primary mission are not eligible for this grant opportunity. Applicants no longer need to have positive unrestricted net assets to be eligible for consideration.

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Deadline: March 1, 2011

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