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Celebrating       of community investments Photo courtesy of University of Minnesota Extension Center for Community Vitality.

30 years

2016 Annual Report


Mission

Southern Minnesota Initiative Foundation is a regional development and philanthropic organization that fosters economic and community vitality in 20 counties of southern Minnesota through a culture of collaboration and partnership.

Vision for the Region

Southern Minnesota will be a prosperous and growing region with vibrant communities, innovative and successful economies, and engaged and valued citizens.

TABLE OF CONTENTS Message From Leadership............................1 Celebrating 30 Years.....................................2 County Spotlight: Brown..............................6 County Spotlight: Fillmore...........................8 County Spotlight: Le Sueur........................ 10 Financial Summary......................................12 Investment Activity Maps.......................... 13 Donors........................................................... 14 Staff & Board of Trustees............................17


HELPING southern Minnesota thrive 2016 marks the 30th Anniversary of Southern Minnesota Initiative Foundation (SMIF) and our five sister Minnesota Initiative Foundations. From the farm crisis of the 1980s to the ever-changing economic and demographic landscape we witness today, the past three decades have brought a lot of change to our 20-county region. We’ve been honored to help play a role in our region’s transformation. Yes, agriculture and manufacturing still play key economic roles, but we’ve also witnessed how innovative technologies have made new businesses possible, how communities have captured more philanthropic dollars through community foundations to spur projects in their small communities and how more of our kids are ready for a strong future. In this year’s report, we take a look back at some highlights from the past 30 years. We also celebrate examples of how collaboration with our regional partners, clients and donors is what makes transformational, sustainable change possible. To showcase this collaboration, we spotlight three of our 20 counties where SMIF’s investments have helped bring people together to seed businesses, community foundations, cross-sector early childhood networks and more. All of SMIF’s investments – whether through grants, loans or staff time – are helping southern Minnesota residents collaborate for regional vitality. Thank you for your partnership over the past 30 years – we look forward to the opportunities ahead!

Tim Penny Jennifer Sawyer President & CEO Board Chair

Annual Report 2016

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30 years of community

INVESTING The past 30 years of working 1986–2016 toward community vitality in southern Minnesota have been bolstered by our network of partners. This timeline provides a glimpse of some key moments and partnerships throughout our history. 1986 The McKnight Foundation formed six Minnesota Initiative Foundations (MIFs); Southeastern Minnesota Initiative Fund (SEMIF, later SMIF) was formed to support economic development and community opportunities.

1999 Established the Youth Trust Fund to support early

Systems in Plainview.

childhood efforts with IBM, Mayo Clinic, Red Wing Shoe Company Foundation and Wells Fargo as cornerstone donors. To date, $436,000 in Youth Trust Fund grants have helped more than 2,600 of our youngest learners and their parents get a quality start.

1991 Formed first community foundation: Wanamingo.

2002 Launched the Leadership Circle, a think tank and

1987 Made first successful loan to ABA Water

Now: 26 community funds under management and 36 designated funds.

1995 Began SMIF’s AmeriCorps Program in

partnership with ServeMN, Winona State University and Minnesota State University, Mankato.

1998 Began Picture-it-Painted partnership with

Valspar Corporation to grant paint for community projects in our region. This placemaking effort now continues with Ace Hardware through the Paint the Town mural program.

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Russ Ewald of The McKnight Foundation, who helped envision the MIFs.

SOUTHERN MINNESOTA INITIATIVE FOUNDATION

counsel consisting of top regional business leaders.

2002 Partnered with Capstone, a children’s book publisher based in Mankato and part of Coughlan Companies. Capstone becomes SMIF’s first book partner, boosting literacy of southern Minnesota children. More than 90,000 books have been granted through BookStart to regional organizations.

2002 Started the Small Business Loan Fund and Technical Assistance Program through funding from the Small Business Administration (SBA).


1,200+ donors contributed more than $42M

$100M

was invested in 20 counties through 3,200 grants and 560 loans

100,000

kids and families were supported through programming

130

communities were empowered to take action

2003 The McKnight Foundation and MIFs launched the Minnesota Early Childhood Initiative (ECI) to help rural communities support young children and their families. SMIF currently supports 23 ECI communities.

2004 Established Town Meeting Initiative Program (now called Community Growth Initiative) to engage citizens in asset-based community development. SMIF has led 31 communities through the process.

2005 Started the first CEO Peer Network in

partnership with Enterprise Minnesota. SMIF now has three active Peer Networks.

2006 Established the Entrepreneur Fund to support

7,200

jobs were created and retained through business loans and equity investments

$10

was invested through grants and loans for every $1 in local contributions, on average

2011 Created and awarded the first “One Big Thing”

grant of $100,000 to Main Street Project to support its Agriprenuer program, deepening SMIF’s local foods focus and leading to the creation of the FEAST Local Foods Network. FEAST was launched in 2014 with Renewing the Countryside and over 100 other individuals, businesses and partners.

2012 Launched the Quality Child Care Program

through a partnership with First Children’s Finance and Childcare Resource and Referral/Introduced the Parenting Matters Program, a workplace education program that partners with local businesses.

2015 Piloted Early Childhood Dental Network in Brown

entrepreneurial growth and development.

and Rice Counties with support from Otto Bremer Trust and other MIFs.

2007 SMIF launched its first Disaster Recovery Fund

2015 Launched Pre-K to Grade 3 Alignment Initiative in

in the wake of the Rushford area floods. Since then, SMIF has stepped up to help communities quickly get back on their feet through several disasters, funneling a total of $2.1 million in charitable contributions back into businesses affected by tornadoes, fires and floods.

2009 Began SCORE business mentoring program in Owatonna; SMIF became the official chapter host in 2013. Since then, nearly 300 businesses have been mentored.

partnership with Minnesota’s Department of Education and other MIFs.

2016 Piloted The Prosperity Initiative in partnership

with Minnesota’s Department of Employment and Economic Development. This initiative provides education and business resources to minority business owners.

Annual Report 2016

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SOUTHERN MINNESOTA INITIATIVE FOUNDATION


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30 years OF SMIF

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1. The Foundation’s 1987 Board members. 2. First Foundation President Linda Jacobson with Board Chair Joe Gibilisco. 3. In 1990, quality early childhood care was already a focus area. 4. Foundation staff in 1991 … we’ve grown a bit since then! 5. Early Childhood Initiative coordinators at a 2004 Legislative Meeting to discuss early childhood needs. 6. Former SMIF COO Carol Cerney in front of Odin’s Centennial Picture-it-Painted Mural in 1997. 7. Neil Weaver of ABA Water Systems in Plainview, SMIF’s first successful loan client (1987). 8. SMIF Staff & Board, including second SMIF President TrixieAnn Girtz Golberg (center), breaking ground on what is the current Foundation office building in Owatonna (1999). 9. When floods ravaged Rushford and surrounding areas in 2007, SMIF launched our first Disaster Recovery Fund. 10. An early AmeriCorps LEAP (Learning Early Achieves Potential) member helping prepare the next generation.11. Participants in the SMIF grant funded Agripreneurs program (2011), which helped minority farmers access needed resources and deepened SMIF’s commitment to local foods.

Annual Report 2016

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RAISING

future generations together

COUNTY SPOTLIGHT:

Brown

$3.1M

invested in Brown County through loans, grants and programming

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SOUTHERN MINNESOTA INITIATIVE FOUNDATION

6,400

books donated through literacy grants

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AmeriCorps members placed


When SMIF was founded 30 years ago, thoughts around early childhood were much different than today. “The hard part about our early childhood work was getting people to understand the importance of why we do this work and the importance of brain development,” says Rae Jean Hansen, SMIF’s VP of Early Childhood and longesttenured staff. “It’s not just a warm, fuzzy ‘nice thing to do.’” Increased scientific research in brain development over the past few decades continues to show how critical the first five years of life are for long-term success. Guided by this research, SMIF has steadily increased our investments in Early Childhood Development; we now invest about $1.4 million annually. SMIF has also worked collaboratively with our five

sister foundations, the Minnesota Initiative Foundations (MIFs), to make early childhood a state-wide issue. “You need those outside voices – the businesses, outside researchers, policy makers – to lend legitimacy and elevate the issue. When you have the respected voices of Tim Penny and the Minnesota Initiative Foundations talking about early childhood, it makes

Early Childhood Initiative Not only was Brown County one of SMIF’s first Early Childhood Initiative counties, they’ve helped us lead the way through our Quality Child Care Program, which increases the number of child care providers who are Parent Aware-rated. Most recently, Brown County was one of the pilot counties for SMIF’s Early Childhood Dental Network, which helps raise awareness around the importance of early oral hygiene.

legislators and school districts sit up and listen a little bit more,” says Betty Uehling, ECFE Director at New Ulm Public Schools. “The MIFs have helped change how early childhood care is viewed in Minnesota.” In addition to collaboration with the other Minnesota Initiative Foundations, the State and our foundation donors, a huge part of moving the needle was establishing Early Childhood Initiatives (ECIs). ECIs are cross-sector, collaborative networks that SMIF helps seed with facilitation and grant money. They continue to operate after our initial investment to take a holistic approach to early childhood issues in their region. “The ECIs bring together a different set of people,” says Uehling, who is an ECI Coordinator in BROWN COUNTY, one of SMIF’s earliest ECI counties. For a full Brown County profile, or any of SMIF’s 20 counties, visit: smifoundation.org/ countyfactsheets.

“SMIF has just always been a partner around the table. It’s hard to think of a time when SMIF wasn’t here.” – Betty Uehling, ECFE Director, New Ulm Public Schools

Annual Report 2016

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Fostering community

VITALITY $7.3M

has been invested in Fillmore County through grants, loans and programming

16

Community Foundations and Designated Funds

700

grants for community projects and disaster recovery assistance

$2.1M

in Community Foundation grants to Fillmore County projects

In 1991, Southern Minnesota Initiative Foundation (SMIF) helped seed our first community foundation in Wanamingo as a way to increase local giving. “Even though SMIF serves a 20-county area, we realize that people want to give hyper-locally,” says SMIF’s VP of Development, Jennifer Nelson. SMIF is now the umbrella organization for 26 community foundations and 36 designated funds in our 20 counties. Regional vitality hinges on the vibrancy of our smallest communities. A key element of ensuring even our smallest towns are places where people want to live, work and visit is the presence of a strong local community foundation. “Community foundations have so many benefits,” says Nelson. “They promote philanthropy, help foster

Community foundations promote philanthropy, help foster community leadership, increase community development and give people a sense of ownership in the place they call home.” 8

SOUTHERN MINNESOTA INITIATIVE FOUNDATION

community leadership, increase community development and give people a sense of ownership in the place they call home.” In the next several years, SMIF will be focused on increasing both the number of small communities that have community foundations and igniting those foundations already under our management. While overall giving is up nationally (4 percent from 2015 to 2016, “Giving USA,” 2016), rural philanthropy is not keeping pace. Community foundations are one way to combat the disparities between giving in rural and urban America. In the past year, SMIF’s community foundations have invested more than $280,000 into their communities through 207 impactful grants. Projects supported include a library program (Byron), new community festival (Mapleton area), kindergarten readiness camp (Plainview), new playground (St. James) and pool pass scholarships (Wabasha-Kellogg).


COUNTY SPOTLIGHT:

Fillmore

In SMIF’s region, FILLMORE COUNTY is leading the way with a total of six community foundations and ten designated funds. Cumulatively, they’ve granted nearly $2.1 million across 700 grants to support community projects ranging from a school playground to scholarships to flood recovery grants for homeowners and businesses. “Fillmore County foundations have been very proactive in leveraging SMIF’s resources to grow their funds and get people energized, and it shows,” says Nelson. For a full Fillmore County profile, or any of SMIF’s 20 counties, visit: smifoundation.org/ countyfactsheets.

Little Huskers Spring Valley Area Community Foundation is one of the six community foundations in Fillmore County. Their annual event, the Little Huskers Race, drew nearly 300 children ages 2–12 this year and is primarily a way for their foundation to raise awareness and give back to the community.

“Little Huskers is about family, community and healthy lifestyles. It’s a wonderful moment when those Little Huskers come across the finish line – you’d think they’d won a gold medal.” – Sue Kolling, Chair, Spring Valley Area Community Foundation

Annual Report 2016

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COUNTY SPOTLIGHT:

Le Sueur

Downtown New Prague, MN

BUILDING vibrant communities $3.4M

has been invested in Le Sueur County through grants, loans and programming

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19

loans for a total of $1.4 million

SOUTHERN MINNESOTA INITIATIVE FOUNDATION

eight

paint grants for community murals

five

asset-based community development processes initiated


There’s no denying that many of the main streets in our smaller communities look a lot different than they did 30 years ago, and certainly different from 50–60 years ago. It’s easy to make the assumption that vacancies mean lack of new businesses or economic investments. In the 1980s farm crisis when banks weren’t lending as freely, SMIF and our sister foundations got a special tax exemption to make loans to help “fill the gap.” Through our small business loans, we assist dozens of aspiring entrepreneurs in southern Minnesota every year. “The entrepreneurial spirit is still strong in southern Minnesota,” said SMIF’s VP of Economic Development Pam Bishop. Beyond providing financial resources and technical assistance to the region’s small businesses, SMIF recognized

the need to help communities better align existing resources. “In 2004, SMIF adopted an assetbased community development approach,” says Bishop. “Too often we get caught dwelling on what was, keeping us from thinking about what could be. Through our asset-based development approach we’re bringing leaders together and investing in a process of moving forward together.” LE SUEUR COUNTY has benefited in many ways from SMIF’s lending program, technical assistance, asset-based development facilitation and placemaking investments. SMIF has convened two Early Childhood Initiative

coalitions and three Community Growth Initiative processes, both of which are cross-sector, assetbased approaches that bring people together and find solutions to community issues. We’ve also made eight paint grants for community projects in Le Sueur County. While the future will look different, we remain encouraged by the persistent entrepreneurial spirit and creative spark of newcomers we’ve witnessed through the past three decades. For a full Le Sueur County profile, or any of SMIF’s 20 counties, visit: smifoundation.org/ countyfactsheets.

Farmhouse Market

Farmhouse Market is not your typical grocery store. When Cedar Summit Farm grocery store closed its doors in 2015, New Prague native Kendra Rasmusson and her family started thinking creatively about how to fill the gap left behind. They found inspiration from the 24/7 workout facility model; by creating a member-based store where all members receive a key card and have 24/7 access to local, organic food.

“I could see this store model replicated in other rural communities, tailored to whatever the needs of that particular community are. Here, it was access to local and organic produce. Everywhere, though, convenience is important; people don’t want to have to drive 20 miles for a natural foods store.” – Kendra Rasmusson, owner, Farmhouse Market, New Prague

Annual Report 2016

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FISCAL YEAR 2016 $28,045,499

$22,448,417

$15,126,240

$8,662,865

$3,012,365

1986–2016

$35,275,459

ENDOWMENT GROWTH 32% – Early Childhood 31% – Entrepreneurship

EXPENSES

15% – Loans 11% – Admin & Fundraising

$4,886,732

8% – Affiliate Funds 3% – Equity Investments

23% – Spending Policy 22% – The McKnight Foundation 18% – Loan Repayments 13% – Local Donations

REVENUE

10% – Federal Grants 7.5% – Affiliate Funds

$4,886,732

6% – In-Kind

$0

0.5% – Other

1986

1991

1996 2001 2006 2011

2016

COMMUNITY INVESTMENT MAPS Early Childhood

Economic Development

Community Development

AmeriCorps LEAP Partner Site

AmeriCorps VISTA Site

CD Grant

BookStart Grant

ED Grant

Community Foundation

Early Childhood Dental Network

Equity Investment

Community Growth Initiative

EC Grant

Loan

Designated Fund

Home Visiting Grant

SCORE

One Big Thing Grant

ECI Community

Disaster Recovery Fund

Quality Child Care Program Parenting Matters

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July 1, 2015–June 30, 2016

SOUTHERN MINNESOTA INITIATIVE FOUNDATION


Early Childhood

SIBLEY

NICOLLET

Economic Development

RICE

WABASHA

BROWN

WATONWAN

BLUE EARTH

MARTIN

Community Development

GOODHUE

LE SUEUR

WASECA

FARIBAULT

STEELE

FREEBORN

DODGE

MOWER

OLMSTED

WINONA

HOUSTON

FILLMORE

SIBLEY

NICOLLET

GOODHUE

LE SUEUR

RICE

WABASHA

BROWN

WATONWAN

BLUE EARTH

MARTIN

WASECA

FARIBAULT

STEELE

FREEBORN

DODGE

MOWER

OLMSTED

WINONA

HOUSTON

FILLMORE

SIBLEY

NICOLLET

GOODHUE

LE SUEUR

RICE

WABASHA

BROWN

WATONWAN

MARTIN

BLUE EARTH

FARIBAULT

WASECA

STEELE

FREEBORN

DODGE

MOWER

OLMSTED

WINONA

FILLMORE

HOUSTON

Annual Report 2016

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Thank you for your continued

SUPPORT Our donors invest because they believe we can do more together; we can and we will, thanks to their generous support. Every attempt has been made to accurately list our supporters. If we have made an error or omission, please accept our sincere apologies and contact our office at 507.455.3215.

LEGACY CLUB Ken and the late Jan Albrecht North Mankato Jean Burkhardt  Welcome Ted and Kathy Colescott  Rochester Dave and Kathy Foreman  Venice, FL Joe and Josephine Gibilisco  Rochester George Glotzbach  New Ulm Trixie Ann Golberg  Saint Paul Bill and Jeanne Hankerson  Owatonna Barbara and the late Phillip Henoch  Rochester Jerry and Mary Monson Sr.  Owatonna Tim and Sandy Penny  Owatonna Denis Warta  New Ulm Neil and Dar Weaver  Plainview

CAPSTONE CLUB $50,000 & ABOVE The McKnight Foundation Minneapolis* Otto Bremer Trust  Saint Paul*

KEYSTONE CLUB $25,000–$49,999 L & N Andreas Foundation Mankato* Mayo Clinic  Rochester* Medica Foundation  Minneapolis* MN Department of Agriculture  Saint Paul*

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Neuger Communications Group Northfield* Rosens Diversified Inc.  Fairmont*

CORNERSTONE CLUB $10,000–$24,999 Cambria Le Sueur Bill and Katie Rossi Davis  Utica* Mark and Mary Davis  Saint Peter Neil and Susan Eckles  Blue Earth City of Mankato Mardag Foundation  Saint Paul* Olmsted County* Tim and Sandy Penny  Owatonna* Renewing the Countryside  Minneapolis* City of Rochester Steele County

Home Federal Savings Bank Albert Lea, Austin, Kasson, La Crescent, Rochester, Spring Valley, Winona Hormel Foods Corporation  Austin Iowa Foundation for Microenterprise  Boone, IA* Fred W. and Shelly Krahmer  Fairmont* Minnesota Elevator Inc.  Mankato City of Owatonna Profinium Inc.  Fairmont, Mankato, Owatonna, Truman* US Bank Foundation Minneapolis on behalf of Albert Lea, Amboy, Austin, Blooming Prairie, Fairmont, Mankato, New Prague, Owatonna, Rochester

LEADER $1,000–$4,999 Abdo Eick & Meyers LLP Mankato AcenTek  Houston AgStar Financial Services ACA  Apple Valley*

CHAMPION $5,000–$9,999 Ag Ventures Alliance Mason City, IA* Albert Lea Economic Development Agency Austin Port Authority Dan and Angie Bastian  North Mankato* Blue Earth County Suzanne Blue  Red Wing* Faribault Economic Development Authority Freeborn County

SOUTHERN MINNESOTA INITIATIVE FOUNDATION

Anderson Center Saint Cloud Associated Bank  Red Wing, Rochester Brown County City of Chatfield Dodge County City of Eagle Lake *F & M Community Bank  Chatfield  Preston, Rochester* City of Fairmont Faribault County Development Corporation

Faribault Foods Inc. Federated Mutual Insurance Company Owatonna* Federated Rural Electric Association  Jackson Fillmore County Firmenich Inc.  New Ulm First National Bank  Waseca First State Bank of Wabasha Frandsen Bank & Trust  Dundas, Mankato, Minnesota Lake, Montgomery, New Ulm, North Mankato, Waterville David Hedlund  Minneapolis* Barbara Henoch  Rochester* Houston County ICAN  Waseca ISG  Mankato City of Kasson Sue Kolling  Spring Valley* Brad and Beth Krehbiel  Lake City* David Krueger  Arlington* Kwik Trip Inc.  La Crosse, WI* City of Lake Crystal Le Center Economic Development Authority* Le Sueur County City of Le Sueur Mankato Screw Products Inc. Martin County Merchants Bank  Caledonia, Cannon Falls, Lanesboro, La Crescent, Red Wing, Rochester, Rushford, Saint Charles, Spring Grove, Winona Mower County Beth Nelson  Saint Paul* City of New Ulm Nicollet County People’s Energy Cooperative  Oronoco Peoples State Bank of Plainview Pine Island Economic Development Authority Pioneer Bank  Elmore, Lewisville, Madelia, Mankato, Mapleton, North Mankato, Saint James* Gary and Patricia Ray  Austin* Red Wing Port Authority June Reineke  Winona* Rice County


SMIF

donors

Root River State Bank Chatfield Roundbank & Roundbank Insurance Agency Inc.  New Prague, Waldorf, Waseca Jennifer Sawyer  Northfield* City of Rushford City of Saint Charles City of Saint Peter Seneca Foods Corporation  Rochester* Sleepy Eye Economic Development Authority City of Spring Valley Raymond and Helen Stawarz  Owatonna* Tri-County Electric Cooperative  Rushford U of M SE Regional Sustainable Development Partnership  Rochester* United Prairie Bank  Mankato, New Ulm, Owatonna, Waseca Valley Design Enterprises Inc.  Fountain Wabasha County Waseca County City of Waseca Watonwan County Wells Concrete Winona County City of Winona Zumbrota Economic Development Authority

PARTNER $500–$999 Accentra Credit Union Albert Lea, Austin All American Foods Inc.  Mankato Martha Archer  Minneapolis* City of Arlington Tom Arneson  Minneapolis* Bank Midwest  Fairmont, New Ulm, Sherburn Bank of Zumbrota BENCO Electric  Mankato Blandin Foundation  Grand Rapids* Blooming Prairie Economic Development Authority Mike and Cathy Brennan  Mankato* Jean Burkhardt  Welcome* City of Byron CliftonLarsonAllen LLP  Austin, Mankato, New Ulm, Owatonna, Waseca Community Resource Bank  Cannon Falls, Northfield Mary Doerr  Cannon Falls*

July 1, 2015–June 30, 2016 Edwards Manufacturing Company Albert Lea Einhaus, Mattison, Carver & Haberman P.A.  Owatonna Farmers State Bank  Albert Lea First Bank Blue Earth First Farmers & Merchants Bank   Bellechester, Cannon Falls, Goodhue, Le Sueur, Red Wing, White Rock First National Bank of Le Center First National Bank of Northfield First Southeast Bank David and Marta Fisk  Wabasha* Freeborn Mower Cooperative Services* Goodhue County Susan Harris  Saint James* Michael and Katherine Harte  Brownsdale Janesville State Bank Jan Joannides and Brett Olson  Zumbro Falls* Leigh Johnson  Rochester Kalona Organics  IA* Laboratory Instrument Leasing, Inc.  New Ulm Lou-Rich Inc.  Albert Lea Tim and Debbie McManimon  Owatonna MinnStar Bank NA  Lake Crystal MN Cup  Minneapolis* Morgan Stanley  Rochester* New Prague Economic Development Authority Sue Nielsen  Cannon Falls* Odin State Bank Drs. Douglas Nelson and Cheri Olson  La Crescent* David Olson  Rochester People’s Food Co-op  Rochester* Premier Bank  Rochester City of Preston ProGrowth Bank  Gaylord, Mankato, Nicollet Ridley Inc.  Mankato Nina Rothschild-Utne  Minneapolis* Vernon Schaefer  Adams Cynthia and Keith Scheid  Owatonna Julianne and Bruce Seiber  Saint Paul* Colleen Skillings  New Ulm* Sno Pac Foods Inc.  Caledonia City of Springfield State Bank of Faribault Steele Waseca Cooperative Electric Stinson Leonard Street  Mankato Curt Summer  Owatonna* Weis Builders Inc.  Rochester

Wells Federal Bank Albert Lea, Blue Earth, Fairmont, Mankato, Minnesota Lake, Owatonna, Saint James, Saint Peter, Wells Wenger Corporation  Owatonna City of Winthrop

CONTRIBUTOR 1st United Bank Faribault Advantage Cabinets Inc.  Owatonna Albert Lea Select Foods Ken Albrecht  North Mankato City of Alden Sally Alexander  Owatonna* Alliance Bank  Lake City Allina Health System  Owatonna* City of Altura AmazonSmile Foundation  Seattle, WA* Dr. Steven Anderson  Madelia Larry and Sonja Anderson  Frost Adenuga Atewologun  Austin

Arlan and Bev Burmeister Owatonna Caledonia Haulers Inc.* Jane and Mary Campion  Rochester Cardinal of Minnesota LTD  Rochester Caves of Faribault ~ Swiss Valley Farms Carol and Ben Cerney  Albert Lea* Lisa Clarke  Rochester* Ted and Kathy Colescott  Rochester College City Beverage  Dundas Brian and Dawn Conzemius  Lakeville* Custom Alarm  Rochester Danielson Insurance Agency Inc.  Caledonia Bill and Louise Dickmeyer  Madison Lake Jeanne Dombrosky  Owatonna Essig Agency Inc.  Spring Valley First State Bank of Le Center John and Beth Fondell  Owatonna

AmeriCorps LEAP volunteers helping seed the New Ulm Pollinator Park.

Charles and Vonnie Aug Preston Allen Berning  Rochester Andrew and Anne Biebl  New Ulm Pamela and Kevin Bishop  Glenville* Alissa Blaha  Owatonna* Bruce Boyce and Sally Takala  Waseca* City of Bricelyn Brown County Rural Electric Association City of Brownsville

Buck and Joan Foot Red Wing Foresight Bank  Plainview City of Fountain Dr. Edward Frederick  Waseca Fuhrman Real Estate  Austin Tom and Susan Gebur  Owatonna* ERA Gillespie Real Estate  Owatonna George Glotzbach  New Ulm Goodhue County Cooperative Electric  Zumbrota City of Goodhue *Program donors

Annual Report 2016

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SMIF

donors

Barbara Gunderson Red Wing* Marcia and Jerry Haley  Waseca* Kim and Dennis Halvorson  Morristown* Marge Hamersly  Glenville Rob Hammond  Okoboji, IA Bill and Jeanne Hankerson  Owatonna Rae Jean and Harlan Hansen  Blooming Prairie* Don and Mary Louise Hayden  Le Center* Jennifer Heien  Owatonna* HGA  Rochester

July 1, 2015–June 30, 2016 Lee and Carol Himle Spring Valley* Robert and Judy Hoffman  Waseca Jim and Gayle Hoiness  Rushford* City of Hokah Rona and Anthony Holcomb  Owatonna* HomeTown Credit Union  Owatonna Tracy Jevning  Waseca* John Katz  Waseca* Sally and Michael Keating  Rochester Linda and Ron Klocke  Bonita Springs, FL*

KMTelecom Kasson Eric and Lisa Kyllo  Blooming Prairie* City of Lanesboro Melissa and Ken Langer  Owatonna* Connie Lau  Owatonna* Diane Lewis  Waseca* Lidstrom Commercial Realtors  Mankato Living Greens Farm  Faribault* Erin Meier  Kasson* Bob and Nancy Menzel  Elysian Barb Miller  Rochester City of Minneiska Mississippi Welders Supply Company  Winona MN Valley Federal Credit Union  Mankato Jerry and Mary Monson Sr.  Owatonna Marian Moore  Minneapolis* Helene Murray  Saint Paul* Jennifer Nelson  Dundas* City of New Richland Olmsted National Bank  Rochester* Catherine Olson  Pine Island Oneota Community Food Co-op  Decorah, IA* Bill and Lori Otis  New Ulm Kevin Plante  Elysian Irvin and Maureen Plitzuweit  Eyota

Brett Reese Northfield Reliance Bank  Faribault The Retrofit Companies Inc.  Owatonna Kallie Rollenhagen  Owatonna Rushford Foods* Saint Peter Food Coop* Darlene Schober  Rushford Tracy Singleton  Minneapolis* James and Judith Sloan  Rochester Lynn and Chris Smith  Owatonna* Bonita and Rick Sommers  Waseca* South Central MN SCORE Chapter #710  Owatonna Teri and Pat Steckelberg  Owatonna* Donald and Stephanie Supalla  Rochester* Anne Supplee  Minneapolis* Joe and Mary Sweere  Owatonna Think Mutual Bank  Rochester* Jennifer Thompson  Mankato Ruth Vortherms  Le Sueur Eric Walters  Rochester Harriet Wangen  Albert Lea Denis Warta  New Ulm Beth Waterhouse  Excelsior* Wendland Utz  Rochester Diane Wilson  Owatonna* Windings, Inc.  New Ulm Ron and Judy Yaggy  Rochester Erica Zweifel  Northfield *Program donors

THANK YOU FOR

30 years

We have many partners to thank for standing beside us, collaborating with us, supporting us and guiding us throughout the past 30 years … without them we would not be where we are today. These valued partnerships have led to more than $100 million of investments in southern Minnesota: $28.1 million in loans, $28.3 million in grants and $43.7 million in programming. More than 1,200 donors have contributed to our success and many program partners help us accomplish our work. Together, our investments have leveraged an average of $10 for every $1 in local contributions and have built a regional endowment fund that exceeds $35 million to support our overall programming.

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SOUTHERN MINNESOTA INITIATIVE FOUNDATION


Staff

MANAGEMENT TEAM

Tim Penny President & CEO Pam Bishop  Vice President, Economic Development Brian Conzemius  Vice President, Chief Financial Officer Rae Jean Hansen  Vice President, Early Childhood Jennifer Nelson  Vice President, Development

STAFF Alissa Blaha Development Coordinator Tom Gebur  Technology Coordinator Barbara Gunderson  AmeriCorps LEAP Director Marcia Haley  SBA Lending Director Jennifer Heien  Grants Coordinator Rona Holcomb  Early Childhood Associate John Katz  Business Specialist Melissa Langer  Operations Coordinator Connie Lau  Lending Coordinator Diane Lewis  Lending Officer Kallie Rollenhagen  Communications Coordinator Meg Steuer  Economic Advancement Coordinator

Board of Trustees EXECUTIVE COMMITTEE

TRUSTEES

Jennifer Sawyer BOARD CHAIR, NORTHFIELD Principal, Rebound Enterprises

Suzanne Blue RED WING Owner, Sturdiwheat Inc.

Fred W. Krahmer BOARD VICE CHAIR, FAIRMONT Attorney, Krahmer Law Office

Lisa Clarke ROCHESTER Executive Director, Destination Medical Center’s Economic Development Agency

June Reineke BOARD SECRETARY, WINONA WSU Children’s Center Director, Winona State University Cindy Scheid BOARD TREASURER, OWATONNA Principal, CliftonLarsonAllen LLP Adenuga Atewologun MEMBER AT LARGE, AUSTIN President, Riverland Community College David Krueger MEMBER AT LARGE, ARLINGTON Executive Director, Meeker County Economic Development Authority

Dave Fisk WABASHA Owner, Fisk Properties LLC Sue Harris SAINT JAMES Community Education Director, Saint James Public Schools Lisa Hughes NORTH MANKATO Business Development Program Manager, MN Dept. of Employment & Economic Development

Bonita Sommers Finance Coordinator

Tracy Jevning WASECA Owner/CEO, ICAN Inc.

Teri Steckelberg Early Childhood Director

Sue Kolling SPRING VALLEY Senior VP of Cash Management, Home Federal Savings Bank Corey Mensink OWATONNA Market President/ Regional Team Lead, U.S. Bank John Peterson CANNON FALLS General Manager, Ferndale Market

Annual Report 2016

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525 Florence Avenue • PO Box 695 Owatonna, MN 55060-0695

CONNECT WITH US:

Collaborating for Regional Vitality

Southern Minnesota Initiative Foundation Annual Report 2016  

This year, we celebrate 30 years of community investments.

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