GMHF receives a $1 million program-related investment from the Otto Bremer Foundation

The Otto Bremer Foundation this week announced grants worth $12 million to 148 nonprofit organizations in Minnesota, Wisconsin and North Dakota.

Grants ranged from a $1 million to St. Paul-based Greater Minnesota Housing Fund to create a lending program for new workforce housing in greater Minnesota to $30,000 for a St. Paul organization that blends tennis instruction and school help for low-income kids.

Among nonprofits providing services in St. Paul, the largest grant was $300,000 to the Salvation Army for the Booth Brown House. The program at 1471 Como Ave. W. provides emergency shelter and support to homeless teenagers and young adults.

Based in downtown St. Paul, the foundation announces grants quarterly and has assets of about $900 million. Last year, it gave out a record $42 million, largely as a result of growth in investment assets in the wake of the recession, making it one of the top 10 Minnesota grant makers ranked by assets and the amount of money it gives away. The foundation is the holding company for Bremer Bank.

A complete list of grantees is available at ottobremer.org.

See the article in the Pioneer Press.

 

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