Channel One Regional Food Bank Wins All-Star Grant

July 18, 2014

Baseball’s All-Star Game happened earlier this week in Minneapolis, and with it came the announcement of the nonprofit awarded the Twins “All-Star Fans Choose” grant.

Nearly 75,000 fans voted to help award the $500,000 grant, with Channel One Regional Food Bank ultimately selected. The food bank plans to use the $500,000 grant to add more than 20,000 square feet of warehouse space at its Rochester location and build a kitchen and classroom to better serve and feed people in need. Channel One serves 13 counties in Southeast Minnesota and LaCrosse County in Wisconsin and an average of 100,000 people a year.

Six other finalists were each awarded $50,000:

  • Camp Fire Minnesota in Chanhassen
  • Cookie Cart in Minneapolis
  • Hmong American Farmers Association in Vermillion
  • Madison Claire Foundation inWoodbury
  • Minnesota Adult and Teen Challenge in St. Michael
  • People Serving People in Minneapolis

The “All-Star Fans Choose” grant was part of an extensive legacy giving campaign, including the contribution of more than $8 million toward local projects and national charitable initiatives. This was made possible due to a partnership between MLB Charities, the Twins Community Fund and the Pohlad Family Foundation.

Congratulations to Channel One Regional Food Bank and all the finalists!


Wells Fargo Highlights Corporate Social Responsibility

June 18, 2014

wfFor many corporations, doing good in the community goes beyond making grants. They also embrace corporate social responsibility (CSR), which involves using business practices that improve social welfare.

To that end, MCF member Wells Fargo just released its 2013 Corporate Responsibility Report, highlighting achievements and progress made toward reaching its CSR goals. Goals Wells Fargo set for itself and accomplished include:

  • Providing $7.7 billion in principal forgiveness since 2009, helping financially challenged homeowners.
  • Financing $1.2 billion in “green” affordable housing and commercial proprieties in low-to moderate-income communities since 2012.
  • Launching a Human Rights Statement and Supplier Code of Conduct.

And some additional highlights from this year’s report:

  • Investing $12 billion in environmentally sustainable businesses since 2012, including “greener” buildings and renewable energy projects.
  • Providing $14.2 billion in loans and investments to community development projects since 2011.
  • Volunteering more than 4.7 million hours of community service since 2011.
  • Delivering financial education to nearly 375,000 people since 2011.
  • Achieving a 23 percent reduction in greenhouse gas emissions since 2008.

Download the report for all the details. And for more on how Wells Fargo is thinking about CSR and what it means to the company, read this recent post on its blog about shifting from “responsibility” to “relevancy.”


Fast Forward: Phil Buchanan on Effective Practice in Philanthropy

May 27, 2014

Screen Shot 2014-04-23 at 12.09.07 PMThe newest edition of MCF’s Fast Forward series is out!

In this episode, our president Trista Harris speaks with Phil Buchanan, president of The Center for Effective Philanthropy (CEP). CEP is a nonprofit that helps foundations assess and improve their effectiveness and performance. Phil identifies the four components to effective practice as:

  • Clear goals
  • Coherent strategies
  • Disciplined implementation
  • Relevant performance indicators

Phil and Trista discuss the challenges foundations face in receiving honest feedback, tools CEP has developed to address those challenges, and his advice to foundations interested in becoming more effective organizations:

Read the transcript of the interview on our website, then stop by the Fast Forward main page to catch last month’s interview with Margaret A. Cargill Foundation’s Mark Lindberg if you missed it!

 

 


What Do the Latest Giving Trends Mean for Minnesota?

May 15, 2014

afpStaff of foundations and nonprofit organizations alike look to the annual Giving USA report for insights on the latest giving trends and what they mean for Minnesota.

Giving USA 2014 will be released on Tuesday, June 17, and the release will be quickly followed by “first look” events in seven cities — including St. Paul — across the nation.

If you’d like to be among the first to hear expert analysis and local perspectives on the 2014 findings, attend First Look: Giving USA 2014  presented by Campbell & Company in conjunction with the Association of Fundraising Professionals Minnesota (AFPMN).

The event in St. Paul will take place on Thursday, June 19, from 7:30 to 9:30 a.m., at the Town and Country Club, where a presentation of report findings will be followed by a moderated panel of local experts.

Registration is $20 for AFPMN members and $40 for non-members; breakfast is included. See afpminnesota.org/event/first-look-giving-usa-2014/ for details and a link to register.

The report is used by grantmakers and nonprofits to:

  • Benchmark fundraising performance against national data;
  • Plan for the future, based on long-term trends in giving;
  • Educate new staff members and board members in the broad context of philanthropic giving, so they have a better understanding of their organization’s funding patterns; and
  • Strengthen grantmaking and other philanthropic activities.

Giving USA: 2014 was compiled by The Center on Philanthropy at Indiana University for the Giving USA Foundation.

- Susan Stehling, MCF communications associate


Fast Forward with Philanthropy’s Big Thinkers

April 22, 2014

Screen Shot 2014-04-23 at 12.09.07 PMMCF is pleased to announce the launch of our new Fast Forward series!

Through these monthly videos and periodic podcasts of interviews by MCF President Trista Harris, Fast Forward will feature conversations with big thinkers in the field of philanthropy.

You’ll learn about the latest trends in Minnesota grantmaking, gain insights on strategies behind important philanthropic efforts and come away inspired with ideas and approaches you can take back to your organization.

We’re launching with an interview with Margaret A. Cargill Foundation’s Mark Lindberg, director of the Relief and Resilience program. Here, Mark tells Trista about the foundation’s work in the area of disaster relief and resiliency building, its focus on lower-attention events that don’t typically receive much philanthropic support and its interest in engaging local community members as key partners:

The full transcript of this interview is available on our website, which is also where you’ll also find new Fast Forward episodes as we produce them. Interview highlights are also featured in the spring issue of Giving Forum, in your mailbox soon.

Let us know what you think! And look for a conversation with Phil Buchanan of the Center for Effective Philanthropy to come in May.


Reflecting on a Renewed Commitment to Racial Equity

March 18, 2014

Click to enlarge

Click to enlarge the Racial Equity Framework

The Saint Paul Foundation and Minnesota Community Foundation, both MCF Members and affiliates of Minnesota Philanthropy Partners, hosted a breakfast earlier this month to announce their newly-developed racial equity framework.

A room full of guests listened as MN Partners CEO Carleen Rhodes and Amherst H. Wilder President May Kao Y. Hang shared findings from “Facing Race: A Renewed Commitment to Racial Equity.” The 30-page report serves as a call to action for leaders at both foundations, and stems from their longstanding commitment to fostering racial equity. The hope is that other foundations throughout Minnesota will use this as a tool in their own efforts to create a more equitable philanthropic sector.

In 2012 The Saint Paul Foundation and Minnesota Community Foundation commissioned a taskforce; they drove the process that identified five different roles the foundations held in the community. With leadership placed in the framework’s center, the roles now include: Community Participants, Economic Entities, Funders, Employers, and Fundraisers. The roles are based on a corresponding set of expectations that the task force recommends board and staff use as an accountability guide. Here’s a deeper look into what each role looks like:

·         Community Participants: As Minnesota becomes more racially diverse, foundations owe it to themselves to host convenings that encourage open dialogue; take the time to meaningfully build connections with communities of color; and learn the ways in which racism impacts the communities they serve.

·         Economic Entities: This role recognizes how racial justice and economic justice are linked. It challenges foundations to do more than just hire a racially diverse staff by encouraging mindfulness around choosing vendors and investment firms.

·         Funders: Setting guidelines, developing programs, and supporting affiliate grantmakers in their best practices around incorporating a racial equality lens will help foundations to better reflect the diverse communities they serve.

·         Employers: Taking a look at internal systems, foundations should ask themselves “Are we intentionally recruiting, hiring, retaining, and advancing employees of color?” “How are we creating a workplace culture that values everyone’s contributions?” “Do our stakeholders and communities know about our commitment to eliminating institutional racism?”

·         Fundraisers: Community foundations have a unique role as fundraisers. A commitment to racial equity not only plays a key role in nurturing relationships with current donors; but it also is instrumental in cultivating new relationships with a more racially diverse, culturally competent generation of donors.

What is most encouraging about this new framework is how it holds leadership accountable to walking an influential walk – and talking a correspondingly influential talk. As members of the local philanthropic community, we have to examine our privilege, realize how we are a part of current challenges, and get ready to step beyond what’s comfortable in order to advance. This will require courage, honesty, and openness. It will also require foundations to invite feedback and insight from diverse communities to really take root.

This should be a proud day for MCF, whose groundbreaking Diversity and Inclusion Action Kit helped shape Facing Race.

- Venessa Fuentes, MCF Philanthropy Fellow


Nominate Grantmakers Making an Impact

February 13, 2014

NCRP-logo-color-with-tagline-2014The National Committee for Responsive Philanthropy is on the lookout for grantmakers to honor with its 2014 NCRP Impact Awards, and wants to hear from you.

Which foundations do you think had the greatest impact and made positive, lasting change in 2013? NCRP is looking for grantmakers maximizing their philanthropy by:

  • Attacking the root causes of social problems
  • Empowering underserved communities
  • Helping improve the sector as a whole through public leadership

There will be one awardee in each of these four categories:

  • Large, Private Foundation (annual giving of $25 million or more)
  • Small/Mid-Sized Private Foundation (annual giving less than $25 million)
  • Corporate Foundation (any size)
  • Grantmaking Public Charity (any size)

Last year’s awardees included grantmakers from California, New York and Illinois. It’s time to get Minnesota on the map!

Nominations are due March 1. The awards reception will take place June 9 in Washington, D.C.

Nominate a worthy grantmaker today, and spread the word on Facebook and Twitter!


Mission Investing Gaining Minnesota Momentum

February 12, 2014

mieEvery seat was filled at Northwest Area Foundation on Tuesday at a grantmaker “think tank” on mission investing.

What is mission investing? According to Mission Investors Exchange:

Mission investments cover two distinct categories: market-rate mission-related investments (MRIs) that have a positive social impact while contributing to the foundation’s long-term financial stability and growth; and program-related investments (PRIs) that are designed to achieve specific program objectives while earning a below-market rate return.

In other words, it’s about  using the so-called “other 95%” (beyond the 5% annual grants payout) to achieve mission.

According to MCF’s latest Giving in Minnesota report, Minnesota grantmakers grant approximately $1.7 billion annually and hold almost $18 billion in foundation assets. Through mission investing strategies they can leverage a portion of that $18 billion for social good. (For more on mission investing, also check out NCRP’s Winter 2013-2014 edition of Responsive Philanthropy.)

The Minnesota Experience
Prior to Tuesday’s event, some Minnesota grantmakers completed an informal survey about their experiences related to mission investing. Highlights of the responses included:

  • Program-related investments (PRIs) as loans are a commonly used tool and are often directed to economic development for low-income neighborhoods and job creation.
  • Growth of mission investing is hampered by lack of staff expertise and capacity, as well as a dearth of effective and experienced investment and legal advisors who understand and embrace the concept.
  • Finding investments with a strong financial and social return and measuring results can be challenging.
  • Despite challenges, foundations are intentionally pursuing mission investing and even setting targets for percentage of invested assets.
  • Community foundations have a growing interest  in mission investing among donor advisors.

Also discussed during the “think tank” were increased opportunities to engage in mission investing outside of the nonprofit sphere, such as with social enterprises and for-profit businesses.

For instance, philanthropy could seed investments in green technology or otherwise put dollars behind ideas that will influence the marketplace for good.

Learn More
Several intermediaries and other organizations are already working in the mission-investing space in Minnesota, including Nonprofits Assistance Fund, Community Reinvestment Fund, MEDA, WomenVenture and others.

At the meeting, Peter Berliner and his colleagues from Seattle-based Mission Investors Exchange also offered their knowledge, expertise and connections. To meet local and national peers, grantmakers can sign up for the Mission Investors Exchange 2014 National Conference to be held in Minneapolis from May 13 to 15. (Early bird registration ends February 28!)

To connect with other Minnesota grantmakers who are pursuing mission-investing strategies, contact MCF at info@mcf.org.

As event organizers Brad Brown, former head of Social Venture Partners Minnesota, and Susan Hammel, executive director of the Delta Dental of Minnesota Foundation, noted, mission investing is a lot less risky than perceived.  And a planned approach with full board engagement can really pay off – in social impact and financial rewards.

– Wendy Wehr, MCF vice president of communications and information services


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