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Most often a Community Action Fund is established through a bequest or by naming the Foundation as the beneficiary of a charitable remainder trust. They may also be created during a donor's lifetime.
The Foundation invests the assets in its diversified portfolio and award 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 awards 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.
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