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
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 $4.37 back into the region it serves.
Benton County
- Delivered 486 grants totaling $2.7 million
- Partnered on 63 loans totaling $4.75 million
- Created or retained 1,239 jobs
- Leveraged $38 million in outside capital
Cass County
- Delivered 719 grants totaling $4.9 million
- Partnered on 62 loans totaling $3.6 million
- Created or retained 421 jobs
- Leveraged $36.7 million in outside capital
Chisago County
- Delivered 290 grants totaling $2.6 million
- Partnered on 41 loans totaling $2.3 million
- Created or retained 487 jobs
- Leveraged $27 million in outside capital
Crow Wing County
- Delivered 1,255 grants totaling $8.75 million
- Partnered on 202 loans totaling $11.44 million
- Created or retained 2,083 jobs
- Leveraged $84.2 million in outside capital
Isanti County
- Delivered 511 grants totaling $2.3 million
- Partnered on 53 loans totaling $2.9 million
- Created or retained 486 jobs
- Leveraged $25.2 million in outside capital
Kanabec County
- Delivered 158 grants totaling $1.2 million
- Partnered on 25 loans totaling $741,950
- Created or retained 149 jobs
- Leveraged $2.4 million in outside capital
Mille Lacs County
- Delivered 465 grants totaling $2.2 million
- Partnered on 86 loans totaling $2.9 million
- Created or retained 704 jobs
- Leveraged $10.2 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 653 grants totaling $3.9 million
- Partnered on 46 loans totaling $2.5 million
- Created or retained 625 jobs
- Leveraged $11.8 million in outside capital
Sherburne County
- Delivered 682 grants totaling $3.7 million
- Partnered on 79 loans totaling $4.9 million
- Created or retained 736 jobs
- Leveraged $31.3 million in outside capital
Stearns County
- Delivered 2,591 grants totaling $18.6 million
- Partnered on 241 loans totaling $15.9 million
- Created or retained 2,985 jobs
- Leveraged $110.9 million in outside capital
Todd County
- Delivered 650 grants totaling $3.4 million
- Partnered on 74 loans totaling $2.3 million
- Created or retained 953 jobs
- Leveraged $9.8 million in outside capital
Wadena County
- Delivered 294 grants totaling $4.9 million
- Partnered on 76 loans totaling $3 million
- Created or retained 956 jobs
- Leveraged $22.8 million in outside capital
Wright County
- Delivered 555 grants totaling $4.7 million
- Partnered on 81 loans totaling $5.6 million
- Created or retained 1,241 jobs
- Leveraged $46.3 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.
Contact
Connect to learn more about the financial accountability of the Initiative Foundation.
