The Kresge Foundation known as The Detroit Future City plan. Since July 1, 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. He succeeded John Marshall III as president and CEO. In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
Kresge College S. S. Kresge department store at the entrance to the college, but this idea met too much resistance. Kresge College is currently home to several co-ops (Music Co-Op, Natural Foods Co-op, Photo Co-op, Garden Co-op) as well as the social justice organization, Common Grounds. Residential housing themes include the Writer's House and the Eco-Village. One of the alumni of Kresge, Marti Noxon, went on to produce "Buffy the Vampire Slayer", and managed to sneak in-joke references to Kresge as well as Santa Cruz into many of the scripts, most recently in the "Angel" spin-off where a supporting character (Eve) is