4. EDSR 07-29-2013 ITEM # 4.
COPY Initiative!?
FOUNDATION
Brian Beeman June 28, 2013
Elk River Economic Development Authority
13065 Orono Pkwy
Elk River MN 55330-5600
Dear Mr. Beeman and members of the Elk River EDA,
Your partnership and support is beyond important to us. It's essential. As you know,the Initiative
Foundation directs all of its resources to stimulate business growth, quality jobs, and a climate for
economic success in Central Minnesota. We see many positive signs in the regional economy, and we
believe that 2014 will be a prime year for business start-up, expansion and hiring.
In pursuit of those goals, we are maintaining a laser-sharp focus in our community investments:
• Proactive efforts that engage leaders to solve problems and capitalize on opportunities
• Smart programs that help nonprofits achieve financial stability and greater effectiveness
• Well-timed loans that help companies expand operations and add living-wage jobs
• Targeted grants that support quality of life amenities and workforce development
Next year, we will invest more than $3.5 million in local efforts that benefit hometowns across the
region. The Elk River Economic Development Authority has been a Foundation investor since 1989, and
we are again asking for your continued support.
We respectfully request a renewal of your annual contribution by allocating $2,500.00 to
the Initiative Foundation in your 2014 budget.
As you know, the Initiative Foundation is a sound financial investment with a measurable ROI. For every
local dollar contributed,the Foundation has returned $5.44 back to Sherburne County in grants,
business loans and scholarships. See the enclosed fact sheet for examples of local impact.
After your budget is finalized, could you please return the tear-off card below in the enclosed envelope?
Again, thank you for your continued support of our work in the city of Elk River and throughout Central
Minnesota. Please contact us anytime with questions or to request a staff presentation.
Sincerely,
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Kathy Gaalswyk Matt Kilian
President Vice President for External Relations
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ifound.org _ =
320.632.9255
405 First Street SE
Little Falls,MN 56345
Equal Opportunity Lender,
Provider,and Employer
4 •
Initiative SHERBURNE COUNTY
Foundation
at work in
Our Mission: Unlock the power of central Minnesota people to build and sustain thriving communities.
$777 , 000
in local donations to the Initiative Foundation.
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FOUNDATION
4.2MILLION
returned to Sherburne County in
grants, loans, and scholarships.
Return on Investment
For every local dollar contributed, the Initiative Foundation has invested $5.44 back into
Sherburne County. All endowment contributions are matched by The McKnight Foundation.
Economic Impact 1986 to present
• Awarded 273 nonprofit grants totaling $1.1 million
• 225 scholarships totaling $174,000
• Invested 40 business loans totaling $2.8 million
• Secured 423 quality jobs
• Leveraged $17.5 million in private business financing
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405 First Street SE
Initiatives Little Falls, MN 56345
FOUNDATION ifound.org 1 320.632.9255
SHERBURNE COUNTY INVESTMENT HIGHLIGHTS
For a full listing of Initiative Foundation investments in Sherburne County,contact us at 877.632.9255.
Grants Thriving Economy,Thriving Communities
Baldwin Township "Nite to Unite"community event
City of Big Lake Strategic planning,business retention&expansion training
City of Elk River EDA Citywide marketing and branding strategy,energy expo,&economic development certification
Elk River Area Arts Alliance Capital campaign feasibility study
Friends of Sherburne National Wildlife Refuge,Zimmerman Fund development planning&training
Great River Family Promise,Elk River Interfaith hospitality network
Palmer Township,Clear Lake Water quality summit
Princeton School District Early childhood projects
University of Minnesota Regional biofuels market assessment
Faith in Action of Greater Sherburne County,Becker VISTA,HOP StayStrong participant,program support
Business Financing Local Ownership,Quality Jobs
Advanced Extrusion,Inc.,Becker Extruded plastic sheets;35 initial jobs
BioMatrix,Inc.,Baldwin Township/Princeton All-natural animal feed&feed additives; 13 initial jobs
Cymbet,Elk River Thin film battery manufacturer;3 initial jobs
Gordon Training Center,Princeton Equine training,showing&breeding;3 initial jobs
PK Partners,LLC,Elk River Wastewater treatment systems;6 initial jobs
Charitable Funds Activating Generosity
Three Rivers Community Fund I Mel&Jeannette Beaudry Fund I Friends of Sherburne National Wildlife Refuge Fund I Archie&Isabelle Powell
Family Memorial Scholarship Fund I Josh Richardson Youth Arts Fund I Three Rivers Community Foundation I ZES Scholarship Fund
Community Action The Power of Partnership
Awarded grants and engaged citizens in Regionally trained leaders from 363 nonprofit Formed a coalition in the Elk River area to
strategic planning to improve quality of life, organizations in effective management and improve early childhood care and education.
economic vitality, workforce development, financial sustainability including Community
and opportunities for children. Cities include Aid of Elk River,Great River Area Faith in Action, Placed full-time VISTA (a national service
Zimmerman, Big Lake, Elk River, Princeton and RiteCare Clinic, Rum River Health Services, program to help reduce poverty) member within
Baldwin Township. Inc., and Sherburne County Area United Way, Great River Area Faith in Action,Becker.
Elk River. Assisted six lake associations to
Assisted with a comprehensive economic develop management plans and awarded grants Worked with volunteer leaders in Elk River-
development strategy project for four- to address water quality, invasive species, Zimmerman area to build a charitable
county area including Sherburne County. shoreland restoration and septic systems. endowment that supports community grants
and scholarships.
07/13