A new online “flipping book”, for its Funding Opportunities Guide, is well-written, well-laid out, and has well-organized information including deadlines, contact people, and funding priority definitions. Four big areas: Behavioral Health, Early Childhood Health and Rural Health, and Strategic Initiatives. Each has its own deadline and processes.
MCSF’s mission is to improve health, enhance wellbeing, or otherwise advance medical care in the Jewish and larger communities, honoring the history and legacy of the Mount Sinai Hospital. Several giving circles and legacy funds are part of the Foundation, which operates from the Minneapolis Jewish Federation’s online grant portal. Grants of up to $10,000 in a two-tier system. LOI deadline is February 10th, and if invited, the final deadline is April 1st.
G4GC moved over $10 million to over 200 Girls of Color-led or -serving organizations across ALL 50 state, including MN. A relatively new organization, G4GC is a great example of how funders can really collaborate.
After an end of year hiatus, the Bremer Trust case is back in court, with closing arguments scheduled for this week, but perhaps delayed until March. The Star Tribune has a recent update.
BofA published its philanthropic strategy this week. Pretty much the same as last year, with a bit more detail. Because MSP is a larger market, grants to local groups may be in the $5,000 to $50,000 range. Check out the FAQ and Eligibility Criteria links on the RFP page:
- Economic Mobility focused on needs of inpiduals and families (workforce development & education and basic needs). Applications accepted 1/24/2022 – 2/18/2022
- Economic Mobility focused on needs of community (affordable housing, small business, neighborhood revitalization). Applications accepted: 5/30/2022 – 6/24/2022.
By the way, BofA now has more than 25 outlets across the Metro Area. While it doesn’t really help to have a local banker, connecting with a local BofA banker let’s BofA grantmakers know that you really want to be connected to the company.
The 8th largest Black-owned bank in the US is opening a branch at 3430 University Avenue SE in Minneapolis. Based in Detroit, First Independence has received several awards and recognitions for its work with young professionals, small businesses, community development, community advisory boards, financial literacy, and CDFI work. Several Twin Cities banks, such as Wells Fargo and B of A are helping First Independence to settle in the Metro Area. Currently, the bank is stronger as a corporate sponsor than nonprofit grantmaker.
If you’ve followed APs on bank philanthropy, you know banks which want to expand their consumer outlets (branches and ATMs) also need to expand their local grantmaking visibility. So we should expect more social investments and grants from these banks:
- JPMorgan Chase (which just awarded $25M to MSP Center for Economic Inclusion) will be opening 25 new branches/outlets in 2022
- BMO Harris (aka Bank of Montreal) will also be adding 20 new branches and outlets
- Pittsburgh-based PNC bank has plans to open two bank branches in the Twin Cities – in Rosedale and Edina.
- Midwest One also has plans, but we haven’t heard concrete info.