Kresge Foundation Arts and Culture Program - Facility Investments and Building Reserves Grant

Grants of up to $1 million over a period of three years will be awarded to nonprofits working to strengthen the long-term financial health of arts and cultural organizations.

Deadline for preliminary applications due on September 15, 2010

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.

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 program will entertain applications for new construction associated with exemplary sustainability practices or those that embody key principles of urban and community planning to enhance local quality of life. Building reserves grants are designed to seed or enhance a fund to support the ongoing maintenance and replacement needs of an organization over time.

Applicants must be organizations based in the United States and, if government-owned, must be operated by a separate 501(c)(3) organization. Start-up organizations and those organizations that are government-owned and operated are not eligible to apply.

Grant amounts will be dependent on the type of project and the size, scope, and business model of the organization. Some grants may be designed as matching or challenge grants. Additionally, full applications will be reviewed to see if other funding methods may be appropriate. In general, multi-year institutional capitalization grants will not exceed $1 million and/or a period of three years from the time of the grant award.

Organizations with competitive pre-applications will be invited to submit full applications. For those organizations that submit promising pre-applications but require additional support to complete their analysis, planning grants may be made available.

The foundation calls for preliminary applications for facility investments and building reserves grants twice a year, in the spring and the fall. The fall application period closes on September 15, 2010.

Visit the Kresge Foundation web site for program information.