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Position: Associate Director - Social Investment
Organization: The Kresge Foundation
Location: Troy, MI


The Kresge Foundation has an immediate opening for a senior level position in the Foundation’s Social Investment practice. This position will take a leadership role in further developing and expanding the use of non-grant forms of capital to further the Foundation’s programmatic priorities. The Associate Director will work closely with the Director of Social Investment and with the Foundation’s Program staff and be responsible for identifying/creating, structuring, closing and monitoring investments using debt, equity and guarantees. The position will cultivate and maintain relationships with key internal and external stakeholders including borrowers, financial intermediaries, banks and policy makers.

The program aspires to position The Kresge Foundation as a recognized leader within philanthropy by partnering effectively with the public, private and nonprofit sectors, and by deploying our capital in innovative ways for the benefit of nonprofit organizations and the people they serve. We seek to hire an individual who will help our Social Investment team achieve that vision.

The individual filling this position will work in close partnership with the Director and a small team, as well as with the foundation’s program and grants management staff.

Primary responsibilities of the Associate Director include:

  • Work with the Director to execute the social investment strategy and further develop the strategy to meet the needs of the Foundation overall and its programs.
  • Strategically look at the “capital markets” the Foundation’s programs work in and identify the capital or capacity gaps and develop financing solutions to address them
  • Identify opportunities for innovative investments, design and structure transactions and monitor deals on an ongoing basis for performance and impact
  • Represent the Foundation at high level meetings and speak authoritatively about the subject matter of social investing, the Foundation’s priorities and bring forward/develop sound ideas
  • Perform “market reconnaissance” seeking out ideas and partners in support of the Foundation’s strategy. Evaluate opportunities for programmatic fit, cost of proposed intervention vis-a-vis expected results, financial and organizational strength of non-profit, for-profit and public sponsor(s). Underwrite programmatic and financial risk.
  • Serve as a convener of partners and developer of strategic initiatives. Monitor key policy issues understand the potential impact on the sector and Kresge’s objectives.
  • With other team members, have collective responsibility for reaching annual investment targets.
  • Bachelor’s degree or equivalent experience in relevant or related fields is required; Master’s degree and relevant credentialing are desirable.
  • Minimum of 7-10 years of senior level experience finance experience in the banking sector with significant depth in transaction structuring
  • Excellent analytical and writing skills.
  • High entrepreneurial aptitude with demonstrated experience designing and executing innovative programming
  • Experience in the development, implementation and evaluation of strategies to effect change.
  • Demonstrated financial analysis skills, including the ability to analyze audited financials, balance sheets, and business plans – write and present investment analyses
  • Experience using quantitative and qualitative data to present options for decision-making, highlight trade-offs and propose recommendations.
  • Comfortable using data to inform decisions and build consensus for ideas. Experience in product or business development, negotiating complex partnerships that bring value to both sides, investment decisions, deal structuring and organizational design.
  • Effective time-management skills, with demonstrated ability to manage a diverse and demanding workload.
  • Exceptional interpersonal and relationship management skills; ability to successfully manage complex negotiations with multiple parties
  • Excellent communication skills; ability to translate new, complicated or confusing concepts to unfamiliar and diverse audiences
  • Experience working collaboratively across the nonprofit, private and public sectors.
  • Ability to undertake extensive (~30%) national travel.
  • Strong commitment to the Foundation's vision and values.
Compensation and Benefits:
Salary is competitive and commensurate with experience.

To Apply:
The Kresge Foundation has engaged Koya Leadership Partners to help with this hire. Please submit a compelling cover letter and resume to Erin Reedy at

The Kresge Foundation is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBT applicants.

About The Kresge Foundation:
The Kresge Foundation is a $3.1 billion private, national foundation that seeks to influence the quality of life for future generations through its support of nonprofit organizations working in its seven program areas: Arts and Culture, Community Development, Detroit, Education, Environment, Health, and Human Services. In 2011, the Board of Trustees approved 410 awards totaling $130 million; $150 million was paid out to grantees over the course of the year.

Our Social Investment Practice supports our grantmaking strategies within those program areas by making capital available to nonprofit organizations through loans, loan guarantees, cash deposits, and other forms of program-related investment support.

For more information on our fields of interest, grantmaking, and social investment practice, please visit our website

About Koya Leadership Partners:
Koya Leadership Partners is a national retained search and consulting firm that works exclusively with non-profits and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations. For more information about Koya Leadership Partners, visit