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| Community Action Fund | |
| What is it? |
An
unrestricted fund of The Minneapolis Foundation in which the Foundation
has complete discretion over where grants are made. The Foundation's
Board of Trustees determines the charitable use of Community Action
Funds. Currently, these funds address issues such as homelessness,
affordable housing, education, and the health and well-being of
children, youth and families.
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| When is it used? |
When
a donor wishes to provide funding for some of the community's most
pressing and intractable challenges. When a donor wishes to entrust grantmaking decisions in perpetuity to the professional staff and volunteer Board of the Foundation and provide the Foundation with flexible resources so it can continue to provide creative, effective leadership. |
| How does it work? | Most
often, a Community Action Fund is established through a bequest
or by naming the Foundation as the beneficiary of a trust or charitable
remainder trust. They may also be created during a donor's lifetime.
The Foundation invests the assets in its diversified portfolio and awards grants on a competitive basis to qualified nonprofit organizations from the amount available for distribution as determined by the Foundation's spending policy. Professional staff review proposals, conduct site visits as warranted, and award grants to the most promising projects and programs. Over many decades, Community Action Funds have enabled the Foundation to play an important leadership role in the community and improve the lives of disadvantaged Minnesotans. |
| We're happy to help you find the charitable giving or estate planning option that works best for your situation. We can work directly with you or through your professional advisor. Call us today at (612) 672-3874 or e-mail us at development@mplsfoundation.org. |