Northwest MN Foundation Pushes More Than $880,000 Into the Region

More than $880,000 was loaned or granted out into the region from January through March through the Northwest Minnesota Foundation. This three month timeframe comprises the third quarter of NMF’s fiscal year. Funds released by the Northwest Minnesota Foundation included nearly $480,000 through local philanthropic activities such as scholarships and grants from local funds, more than $327,000 through NMF’s discretionary mission-driven grant programs and $80,000 through loans to small business owners. Additionally, the Northwest Small Business development Center, which is hosted by NMF, provided 783 hours of free business consulting to 154 clients throughout the region in this same timeframe. The Northwest Minnesota region served by NMF includes the Red Lake Nation and White Earth Nation along with twelve counties including Beltrami, Clearwater, Hubbard, Kittson, Lake of the Woods, Mahnomen, Marshall, Norman, Pennington, Polk, Red Lake and Roseau.