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.
2022 Initiative Foundation Impact
$11.2 Million
in total grantmaking to 1,279 nonprofits, businesses and local units of government
$45 Million
in outside capital leveraged through 39 loans
410 Nonprofits Trained
through Initiative Foundation nonprofit programming
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 $4.24 back into the region it serves.
Benton County
- Delivered 465 grants totaling $2.46 million
- Partnered on 60 loans totaling $4.6 million
- Created or retained 1,222 jobs
- Leveraged $37.5 million in outside capital
Cass County
- Delivered 677 grants totaling $4.5 million
- Partnered on 52 loans totaling $3.26 million
- Created or retained 397 jobs
- Leveraged $35.7 million in outside capital
Chisago County
- Delivered 283 grants totaling $2.58 million
- Partnered on 40 loans totaling $2.3 million
- Created or retained 467 jobs
- Leveraged $19 million in outside capital
Crow Wing County
- Delivered 1,156 grants totaling $7.8 million
- Partnered on 196 loans totaling $10.79 million
- Created or retained 2,052 jobs
- Leveraged $81.41 million in outside capital
Isanti County
- Delivered 468 grants totaling $2.2 million
- Partnered on 47 loans totaling $2.9 million
- Created or retained 470 jobs
- Leveraged $25.1 million in outside capital
Kanabec County
- Delivered 155 grants totaling $1.21 million
- Partnered on 24 loans totaling $731,950
- Created or retained 148 jobs
- Leveraged $2.4 million in outside capital
Mille Lacs County
- Delivered 441 grants totaling $2.2 million
- Partnered on 80 loans totaling $2.75 million
- Created or retained 686 jobs
- Leveraged $9.8 million in outside capital
Morrison County
- Delivered 1,062 grants totaling $4.9 million
- Partnered on 110 loans totaling $6.2 million
- Created or retained 1,782 jobs
- Leveraged $62.1 million in outside capital
Pine County
- Delivered 641 grants totaling $3.8 million
- Partnered on 38 loans totaling $2.4 million
- Created or retained 578 jobs
- Leveraged $11.46 million in outside capital
Sherburne County
- Delivered 651 grants totaling $3.6 million
- Partnered on 74 loans totaling $4.6 million
- Created or retained 727 jobs
- Leveraged $29.6 million in outside capital
Stearns County
- Delivered 2,490 grants totaling $17 million
- Partnered on 223 loans totaling $15 million
- Created or retained 2,913 jobs
- Leveraged $108 million in outside capital
Todd County
- Delivered 612 grants totaling $3 million
- Partnered on 67 loans totaling $1.9 million
- Created or retained 909 jobs
- Leveraged $8.9 million in outside capital
Wadena County
- Delivered 315 grants totaling $4.8 million
- Partnered on 74 loans totaling $2.9 million
- Created or retained 945 jobs
- Leveraged $22.7 million in outside capital
Wright County
- Delivered 535 grants totaling $4.6 million
- Partnered on 80 loans totaling $5.4 million
- Created or retained 1,233 jobs
- Leveraged $40 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 and is recognized for meeting standards for accountability and openness through the Charities Review Council.
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, Charities Review Council and the CDFI Fund.
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