Initiative Foundation tells Morrison County commissioners its impact and confirms CDFI certification

Jul 15, 2026

Carl Newbanks of the Initiative Foundation updated the board on grants, revolving loans and local programs, reporting that the foundation's Impact Fund has secured CDFI certification and that, since 1986, the foundation has directed millions to the region and Morrison County.

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Carl Newbanks, vice president of philanthropy for the Initiative Foundation, briefed the Morrison County Board about the foundation's local activity and regional programs.

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