PARTNERSHIPS & RESULTS
Prestigious and powerful. A challenge grant from the Kresge Foundation is a credibility builder and a momentum generator in a capital campaign.
"A gift from the Kresge Foundation can help establish a campaign," said John Modzelewski, Vice President, Ghiorsi & Sorrenti, Inc. "It requires a tremendous amount of preparation and organization to pass the Kresge test. A grant award is prestigious and is affirmation of the vision, plans and capabilities of the recipient organization."
The Kresge Foundation is one of the country`s most prominent foundations. With assets of more than $3.1 billion, it is one of the largest and one of the few foundations committed to"bricks-and-mortar" and the support of capital campaigns. The Foundation`s review process is extremely rigorous. Over the past decade, a number of Ghiorsi & Sorrenti`s clients have been the recipients of grants from The Kresge Foundation. Grants were awarded under the "old" Kresge guidelines, as well as the "new" ones. A sampling:
- The Visiting Nurse Association of Somerset Hills, NJ, received a $400,000 grant to assist in the construction of its new headquarters facility,
- Children`s Specialized Hospital, New Jersey`s only pediatric rehabilitation hospital, was awarded $1 million toward a new 60-bed in-patient hospital. It was the hospital`s third Kresge challenge,
- St. Vincent`s Medical Center in Bridgeport, CT, secured a $1 million grant toward the construction of a comprehensive cancer center, expansion of its Emergency Department and redesign of its main floor providing the ability to cluster services, such as cardiovascular, enabling them to become destinations unto themselves. It was the largest Kresge grant in Connecticut in more than three years,
- Morton Plant Mease Foundation received $1.5 million, among Kresge's largest grants, for its $110 million Second Century capital campaign supporting heart cancer, women's and many other services throughout the System's hospitals
- The new Jersey City Medical Center, received a grant of $650,000 from The Kresge Foundation which was instrumental in the construction of a brand new facility, built from the ground up. It was the first Kresge grant awarded in Hudson County, NJ.
"We`ll help clients answer the necessary questions," said Modzelewski. "What is the fit for a Kresge grant? Should we apply? Is the institution ready? When is the right time to apply? How much do we ask for? There is much to consider...we help clients get there."
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