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Initiative Foundation reports $389,000 in county grants, $1 million in loans and new local programs
Summary
A representative of the Initiative Foundation briefed the Sherburne County board on grantmaking, revolving loans and local programs; foundation staff reported $389,000 in 2024 county grants, $1 million in lending that leveraged $7 million, and a relaunch of the Thriving Communities program.
Carl, representing the Initiative Foundation, told the Sherburne County Board of Commissioners that the foundation has been active in the county since 1986 and has brought significant outside funding into the region.
Carl said the foundation and nine charitable funds active in Sherburne County awarded 40 grants in 2024 totaling $389,000. Lending in the county…
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