Rip Rapson is president and CEO of The Kresge Foundation, a private, national foundation founded in 1924, which is dedicated to expanding opportunities in America’s cities through grantmaking and social investing. Since his appointment in 2006, Rapson has led the foundation to adopt an array of grantmaking and investing tools to improve the economic, social, cultural and environmental conditions of urban life through grantmaking and social investing in arts and culture, education, environment, health, human services and community development in Kresge’s hometown of Detroit. Using a full array of grant, loan and other investment tools, Kresge invests more than $160 million annually to fost