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In addition, stifling government regulation beginning in the early 20th century eventually choked them to the point of desperation.Unable to set their own freight rates, abandon unprofitable routes, or rid themselves of money-losing passenger trains many were on the brink of collapse by the 1970s; names like the Penn Central, Rock Island, Milwaukee Road, Reading, Jersey Central, and others.
The Kresge Foundation’s experience in Detroit helps to illustrate how philanthropic collaboration, cross-sector cooperation, unlocking nontraditional sources of capital and many other approaches by the nonprofit and philanthropic sectors can contribute to effective social change. Second, we’ve constructed a Social Investment Practice that reflects our belief that it is virtually impossible to achieve large-scale change with grants alone.
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