DONORS & NEW COMPONENT FUNDS
A NOTE FROM OUR BOARD CHAIR During my tenure on the Board and in the past year serving as Chairman, it’s been remarkable to see the dedication of not only Northwest Minnesota Foundation (NMF) staff, but the partners and community leaders they work with every day to make a difference for our region.
3,807 TOTAL DONORS
$
Quality of Place is now embedded in our mission.
$4,246,930 TOTAL DONATIONS
As we build upon the great successes of Quality of Place we plan to be bolder and more focused—to have an even greater impact on the region we call home. Living our values of strategic collaboration, integrity and responsibility, and boldly making a difference, our work will be driven by an all-encompassing purpose: building better lives. Working towards this purpose we’ll be offering expanded resources, new tools and enhanced solutions that enable individuals and communities to reach their full potential.
410 TOTAL FUNDS
For fifteen years the Northwest Minnesota Foundation and our community and component funds have been the seed capital for projects to move forward through loans, grants and other funding. Last year, in addition to the grants awarded by NMF, the component and community funds provided over $1.8M in grant making—providing a direct impact on our region and your communities. I ask that as citizens of the region, you consider the NMF endowment in your gifting.
$1,811,910 529 COMPONENT FUND GRANTS *A complete list of FY18 Donors, Financials & Board Members is found on our website at www.nwmf.org under “About Us.”
A gift to the NMF endowment means that local dollars will be available for reinvestment in local initiatives for years to come. I am energized by the rollout of the Foundation’s new programs and focus on Building Better Lives. I invite you to join us as we continue to make our region vibrant with thriving economies and quality amenities. Thank you for choosing to live and work here and for your support!
11 NEW FUNDS Angel Baby Fund Bad Axe Lake Charitable Fund Cynthia L. Renfrow Endowment Fund Cynthia L. Renfrow Community Projects Fund Darlene “Sue” Olson Dickson and Everett James Olson Scholarship Fund Fertile Lions Scholarship Fund Larry and Ila Hagen Family Scholarship Fund Marion Dessert Memorial Fund Olson Charitable Fund Warroad Entrepreneur Incubator Fund
201 3rd Street NW, NW Bemidji, MN 56601 201 3rd Street Bemidji, MN 56601
Casstaway Charitable Fund
Sincerely,
Our Mission:
The Northwest Minnesota foundation invests resources, facilitates collaboration and promotes philanthropy to make the region a better place to live and work.
ANNUAL REPORT
July 1st, 2017 – June 30th, 2018
Pete Haddeland