“Target Foundation Funding Opportunity: Racial Equity Grants. This opportunity is up to $200,000 in general operating support, with an opportunity to request support over two years for BIPOC-led organizations. Four priorities:
— Entrepreneurship and Small Business
— Workforce Development
— Housing
— Asset Building
The Foundation supports organizations that improve the asset building opportunities available to traditionally marginalized communities, especially those that are engaged in work to increase financial inclusion, wealth building and overall financial health.
Mortenson Family Foundation is making three key changes to its grantmaking process:
— Schedule a 30 minute call with Community Relationship Officer Ambar Hanson (for Expanding Opportunities for Children and Families grants) or Danyelle O’Hara (for Sustaining Environmental Systems grants).
— Share updates on the outcomes you stated you want to accomplish in your 2021 application. No more budget reports.
— If you have an annual report that includes last year’s outcomes, the foundation can use that report.[1]
— We applaud the Mortensons for streamlining grantseeking for nonprofits.
This may confuse some applicants- there is a different process/contact depending on grant.
See: mortensonfamily.org/explore-partnership/
Huntington Bancshares (which merged with TCF) announced it wants to be the largest SBA funder in the Twin Cities market. No small feat, since climbing to #1 in SBA loans means creating A LOT of general banking business – both consumer and corporate lines. In turn, this means a lot more presence in the Twin Cities and lots more community investments, including Community Reinvestment funds. Consequently, more funding for community causes. Watch these folks, especially, Marcio Thompson, Community Development Relationship Manager.
Groundbreak Coalition – You’ll be hearing about these folks and the $2 billion they’re investing in thousands of BIPOC homeowners, businesses, rental units, and commercial developments in the neighborhoods most affected by the George Floyd protests. Th effort is led by representatives of major regional and national foundations, including the McKnight, Minneapolis, and Bush Foundations, our Twin Cities Mayors, several banks (PNC, Sunrise, Wells Fargo, US Bank, JPMorgan, and others), Chambers of Commerce, the Center for Economic Inclusion, Hennepin and Ramsey counties, and several private businesses
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