Powering possible through partnerships in Central Minnesota. Watch the video.

Initiative Foundation Get Logos

Financial Accountability

Every charitable contribution achieves its intended purpose. 

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, has attained the highest four-star rating on financial health, accountability and transparency from Charity Navigator 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 the following organizations:

Council_On_Foundations.pngCouncil on Foundations
Among the 60 percent of U.S. community foundations meeting rigorous national standards established by the Council on Foundations. 

CRCSeal.pngCharities Review Council 
Meets standards of accountability and openness by voluntary review through the Charities Review Council.

Charity NavigatorCharity Navigator
Highest four-star rating on financial health, accountability and transparency from Charity Navigator.

CDFI Fund CertificationCDFI Fund 
The Initiative Foundation is certified as a Community Development Financial Institution, or CDFI, by the U.S. Department of the Treasury.

Connect: 

Lynn Bushinger

Lynn Bushinger
CFO, COO & Treasurer
lbushinger@ifound.org

(320) 631-2006