Impact & Reports
Current Annual Impact Report
Your passion for investing for good inspires us. Thank you for trusting us as your partner in giving. Your generosity is what makes Central Minnesota a vibrant place to call home.
View the difference you made last year. Read our annual impact report.
2023 Initiative Foundation Impact
$47M
in Outside Capital Leveraged Through 121 Minnesota Main Street Revitalization Program Grants
$4.3M
Through Nearly 600 Grants Delivered by the Initiative Foundation and its Partner Funds
300+
Nonprofit Board and Staff Trained From 132 Organizations
Read More Stories of Impact
Transition Triumph
A decade ago, Xcel Energy’s planned Sherco closure could have spelled disaster. Thanks to careful planning, the future now looks bright for Becker. Read More
Community Man
Friends and partners celebrate Don Hickman’s 25 years of change-making work. Read More
The Mission: Collaboration
Amy Trombley takes a people-centered approach to community development. Read More
Growing & Sowing
Community endowment funds ensure steady stream of hometown support. Read More
Supply and Demand
Morrison County takes an innovative approach to solving its childcare shortage. Read More
Regional Highlights
Get the latest highlights from Central Minnesota’s 14 counties and two Native nations. Read More
Past Annual Impact Reports
The Initiative Foundation supports a 14-county service area that includes Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, Mille Lacs, Morrison, Pine, Sherburne, Stearns, Todd, Wadena and Wright counties and portions of the Native nations of the Leech Lake and Mille Lacs Bands of Ojibwe.
View our past annual reports to read stories of hope, resiliency and innovation.
Audited Financials
The Initiative Foundation’s audited financials provide an independent and objective assessment of our financial statements, ensuring transparency and accountability to donors, stakeholders and regulatory bodies. These comprehensive financial reports undergo a thorough examination by a qualified external auditor to verify the accuracy, reliability and compliance of our financial records and transactions.
Countywide Impact Update
Our Impact Update includes an all-in-one glance at the Initiative Foundation’s service and support in Central Minnesota since its inception in 1986.
Initiative Foundation Service Area
For every local dollar contributed, the Initiative Foundation has invested an average of $4.62 back into the region it serves.
Benton County
- Delivered 505 grants totaling $2.8 million
- Partnered on 66 loans totaling $5.3 million
- Created or retained 1,248 jobs
- Leveraged $40.5 million in outside capital
Cass County
- Delivered 756 grants totaling $5.1 million
- Partnered on 62 loans totaling $3.6 million
- Created or retained 422 jobs
- Leveraged $36.7 million in outside capital
Chisago County
- Delivered 302 grants totaling $2.8 million
- Partnered on 41 loans totaling $2.5 million
- Created or retained 487 jobs
- Leveraged $27 million in outside capital
Crow Wing County
- Delivered 1,317 grants totaling $9.3 million
- Partnered on 211 loans totaling $12.4 million
- Created or retained 2,128 jobs
- Leveraged $87.8 million in outside capital
Isanti County
- Delivered 550 grants totaling $2.5 million
- Partnered on 54 loans totaling $2.9 million
- Created or retained 498 jobs
- Leveraged $25.2 million in outside capital
Kanabec County
- Delivered 164 grants totaling $1.3 million
- Partnered on 25 loans totaling $741,950
- Created or retained 150 jobs
- Leveraged $2.4 million in outside capital
Mille Lacs County
- Delivered 487 grants totaling $2.4 million
- Partnered on 906 loans totaling $3.4 million
- Created or retained 725 jobs
- Leveraged $13.2 million in outside capital
Morrison County
- Delivered 1,094 grants totaling $5.3 million
- Partnered on 112 loans totaling $6.2 million
- Created or retained 1,784 jobs
- Leveraged $62 million in outside capital
Pine County
- Delivered 669 grants totaling $4 million
- Partnered on 48 loans totaling $3 million
- Created or retained 626 jobs
- Leveraged $12 million in outside capital
Sherburne County
- Delivered 722 grants totaling $4.1 million
- Partnered on 82 loans totaling $5.5 million
- Created or retained 769 jobs
- Leveraged $36 million in outside capital
Stearns County
- Delivered 2,693 grants totaling $19.7 million
- Partnered on 263 loans totaling $18.4 million
- Created or retained 3,059 jobs
- Leveraged $129 million in outside capital
Todd County
- Delivered 673 grants totaling $3.6 million
- Partnered on 76 loans totaling $2.6 million
- Created or retained 958 jobs
- Leveraged $10.1 million in outside capital
Wadena County
- Delivered 308 grants totaling $5.1 million
- Partnered on 78 loans totaling $3.1 million
- Created or retained 958 jobs
- Leveraged $22.8 million in outside capital
Wright County
- Delivered 583 grants totaling $4.8 million
- Partnered on 86 loans totaling $6.7 million
- Created or retained 1,270 jobs
- Leveraged $54.7 million in outside capital
Financial Accountability
As a 501(c)(3) nonprofit organization supported by thousands of donors, financial accountability is our highest priority. We maintain the highest levels of integrity, efficiency and transparency in our financial practices.
The Initiative Foundation is certified as a Community Development Financial Institution by the U.S. Department of the Treasury and proudly bears certification from the U.S. Small Business Administration as a Community Advantage Lender. The Foundation meets rigorous national standards established by the Council on Foundations.
Financial records, policies and procedures are audited annually by an independent accounting firm. Oversight is provided by our Board of Trustees, Investment & Audit Committee and staff Finance Team. We adhere to the Donor’s Bill of Rights and are also accredited by GuideStar, the Council on Foundations and the CDFI Fund.
Contact
Connect with a member of our team to learn more about the Initiative Foundation’s financial accountability and impact.
