The Kresge Foundation is committed to an ongoing discipline of analysis and learning, ultimately using those lessons to inform both its work and the larger field. Between 2010 and 2012, the Arts and Culture Program made 36 capital grants focused on Institutional Capitalization. In mid-2013, the Kresge Foundation sought Nonprofit Finance Fund's assistance in evaluating the effectiveness of these investments.
The resulting report contains findings on trends and themes for the entire cohort, including: models of success and characteristics of organizations with weaker results, an assessment of why the program did or did not produce the desired results, and recommendations for funders interested in supporting capitalization. These lessons will continue to inform the work of the Arts and Culture Program as it pursues new strategic priorities.