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Rip Rapson is the President and Chief Executive Officer of the Kresge Foundation, transforming it from a foundation that funded building projects to one.

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Rip Rapson

American attorney and philanthropist

Richard "Rip" Rapson (born March 16, 1952) is an American attorney and philanthropist serving as CEO of the Kresge Foundation. He began his career as a congressional aide to Donald M. Fraser during Fraser's last two terms in the United States House of Representatives. After attending Columbia Law School, Rapson joined the law firm of Leonard, Street & Deinard to practice law while also serving on the board of several organizations. In 1989, Fraser, who had become mayor of Minneapolis, appointed Rapson as his deputy mayor and, in 1993, Rapson unsuccessfully ran for mayor to succeed Fraser.

After leaving the Minneapolis City Hall, Rapson became a fellow at the University of Minnesota and then was appointed president of the McKnight Foundation in Minneapolis. In 2006, he moved to the Detroit area to become CEO of the Kresge Foundation. He has led the foundation in a number of philanthropic endeavors to revitalize and rescue Detroit from bankruptcy.

Early life and education

Richard "Rip" Rapson^[1] was

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Rip Rapson, attorney and expert in urban policy, is president and CEO of The Kresge Foundation, a $3 billion national, private foundation based in metropolitan Detroit.

Rapson came to Kresge in 2006 and led the philanthropy in a multiyear transition to expand and recalibrate its grantmaking. Strategically focused programs emerged: arts and culture, education, environment, health, human services and community development in Detroit, Kresge’s hometown. Each seeks to expand opportunities in America’s cities so that vulnerable people can lead self-determined lives and join the economic mainstream.

Rapson put into practice the use of multiple funding methods, including operating support, project support and program-related investments. Program-related investments, such as loans and loan guarantees, allow Kresge to use its capital in ways that extend beyond traditional grantmaking. In 2013, the foundation awarded 316 grants totaling $122 million and its Social Investment Practice managed active commitments representing $57.4 million in program-related investments

Rapson has helped le

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Rip Rapson

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 foster economic and social change.

Nationally, Rapson has strengthened the philanthropic sector’s role through convening, collaborating and supplementing community development activities in cities across the country. In Detroit, Rapson and the foundation provided central support to the “Grand Bargain,” an unprecedented partnership between the philanthropic community, city pensioners,