Making a direct financial donation isn’t the only way to support the cause you care about. Some Minneapolis Foundation donors also invest in local nonprofits.
For example, the Nonprofits Assistance Fund, a supporting organization of the Minneapolis Foundation, manages a pool of assets from Donor Advised Funds to make loans to local nonprofits. These investments earn annual interest that is credited to the Donor Advised Funds, and the principal will be returned at the end of the five-year investment period.
These loans are making real change in our community. Here’s just one example: This spring, the Nonprofits Assistance Fund originated a $2.5 million loan for a charter school building in South Minneapolis, the largest loan in NAF’s history. The loan will enable Hiawatha Academies to build a new public school that will initially serve high school students before becoming a middle school in the 2018-19 academic year.