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.
Discount Investment Corporation standing for Israel Discount Bank) founded in 1969. In 2002 the company sold its holdings to a group of investors headed by Nochi Dankner. In September 2012, Discount Investment Corporation and its parent company IDB Holdings had a "going concern" warning attached to their second-quarter financial reports by the group's auditors, who doubt the company can meet all its debt-repayment obligations in the foreseeable future. Bondholders of the company's debt started the process of taking control over the company. Discount Investment Corporation Discount Investment Corporation Ltd. (“DIC”) () is a holding company based in Israel. The company is listed on