SECOND QUARTER GRANTS

2015

 

Second Quarter Grants 2015

The Northwest Area Foundation approved 14 grants worth $2,343,500 in the second quarter of 2015. The grants support the Foundation’s new strategic framework to increase good, local jobs and improve the financial capability of low-income communities that have been denied the chance to thrive on their own terms – with a special focus on those that are Native, communities of color, or immigrant – as they move from poverty to shared and lasting prosperity. Grant funding aligns with four interlocking portfolios of grantmaking that together advance good jobs and financial capability: Access to Capital, Enterprise Development, Financial Inclusion, and Work Opportunity.

The following is a list of the grant awards:

 

Grants to Support Enterprise Development

Democracy Collaborative Foundation (DCF) of Cleveland will receive $500,000 to provide support for the next phases of their Social Enterprise Development Initiative, a five-year, $10 million Initiative designed to help develop thriving social enterprises that provide good jobs and stabilize local economies in low-income communities. In support of Native employee ownership, DCF has offered high-impact co-learning and entrepreneurial coaching to a cohort of Foundation grantees. DCF’s coaches and the cohort groups will now move into the business planning and development stages of social enterprises. To expand the network of social enterprises in the region, DCF will develop a community wealth-building curriculum as an open-source education and training tool for grantees funded through this Initiative. Grant term: June 1, 2015 – June 30, 2016

Immigrant Development Center (IDC) of Moorhead, Minnesota, will receive $170,000 over two years to support microlending and business development training for immigrants and refugees in the Moorhead and Fargo, North Dakota, communities through a new place-based business incubator, the International Market Plaza (IMP). The grant will provide lending capital and funds for staffing needed to provide loans and services to entrepreneurs who will occupy IMP. The income from business ownership, and the employment opportunities the businesses will provide, will advance economic security and prosperity for new citizens. Grant term: June 1, 2015 – May 31, 2017

Native American Youth and Family Center (NAYA) of Portland, Oregon, will receive $450,000 over three years to launch NAYA Business Services (NBS). NBS development is the next phase in NAYA’s participation in the Foundation’s Native Employee-Owned Enterprise Initiative. NBS will be a wholly owned, for-profit subsidiary of NAYA. It will provide business and operational support to an integrated network of for-profit, majority-employee-owned social enterprises. These social enterprises will provide living-wage jobs, workforce training and supportive services to Native Americans in the greater Portland area. Grant term: July 1, 2015 – June 30, 2018

 

Grants to Provide Access to Capital

First Nations Oweesta Corporation of Longmont, Colorado, will receive $300,000 over two years for their Native Community Development Financial Institution (CDFI) Capital Access Initiative, which will provide loans and technical support to emerging and certified Native CDFIs in the Foundation’s region. These loans and support will improve Native CDFIs’ ability to access debt capital for lending and improve the services they provide. The grant will be leveraged almost seven times with private and public dollars, including a large equity-like investment from a financial institution. Grant term: May 1, 2015 – April 30, 2017

Rural Dynamics Inc. of Great Falls, Montana, will receive $230,000 over two years to support the development of its CDFI and to continue its policy/advocacy work and financial education services to low-income communities in Montana and Idaho. Grant term: June 1, 2015 – May 31, 2017

 

Grants to Foster Financial Inclusion

Mid-Minnesota Legal Aid (MMLA) of Minneapolis will receive $250,000 over two years for their continued work on the Financial Capability Policy Action Initiative. In 2013, MMLA founded the Minnesota Asset Building Coalition (MABC), marshalling more than 115 member organizations to advance asset-building practices and policies in Minnesota. MABC was selected as one of seven local asset-building groups to participate in the Financial Capability Policy Initiative. MABC met expectations during the first year and will use the renewal funding to support the implementation of its action plan to strengthen financial capability policies in Minnesota. Grant term: July 1, 2015 – June 30, 2017

 

Grants to Promote Workforce Opportunity

Summit Academy Opportunities Industrialization Center (SAOIC) of Minneapolis will receive $400,000 over two years to deepen its workforce development efforts that provide access, training and job placement services to low-income, Native American, communities of color and immigrant populations in the greater Minneapolis area. In the next two years, more than 1,500 low-income individuals from the target communities will be served and placed on pathways to good jobs. Grant term: July 1, 2015 – June 30, 2017

 

Sponsorships

American Indian Institute of Bozeman, Montana, received $6,000 for sponsorship of their Future Leaders gathering. Grant term: May 27 – 29, 2015

Greater Minneapolis Crisis Nursery of Minneapolis received $5,000 for sponsorship of general operating support. Grant term: July 1 – 15, 2015

National Association for Latino Community Asset Builders of San Antonio received $10,000 for sponsorship of their 2015 national conference. Grant term: Oct. 6 – 8, 2015

Potlatch Fund of Seattle received $5,000 for sponsorship of their 2015 fundraising gala. Grant term: Nov. 7, 2015

Red Cloud Indian School of Pine Ridge, South Dakota, received $5,000 for school operations. Grant term: May 12, 2015 – May 13, 2016

Washington Asset Building Coalition of Seattle received $5,000 for sponsorship of their statewide conference. Grant term: May 1, 2015 – Dec. 31, 2015

Youthprise of Minneapolis received $7,500 for sponsorship of their 2015 Summit. Grant term: Oct. 14 – 16, 2015