A co-CEO and trustee of Otto Bremer Trust in St. Paul, Minnesota, Daniel Reardon helps lead the trust in its mission of providing financial assistance to nonprofit organizations in the Upper Midwest through grants and program-related investments. In 2016, Daniel Reardon helped guide the organization toward a record year of giving that benefited nonprofits in Wisconsin, Minnesota, and North Dakota. Of the $47.3 million distributed, more than $400,000 went toward programs in the Mankato, Minnesota, area.
Mankato-area nonprofits that received grants and program-related investments used funds to launch new programs and maintain existing ones. Funds also enabled recipients to relieve financial stress on regular operating costs, particularly since the grants account for some of the largest contributions the organizations have ever received. Furthermore, many of the awards included undesignated grants that give nonprofits the ability to disperse funds wherever necessary.
The Open Door Health Center received the biggest portion of the $409,125 allotted to the Mankato area. The grant amounted to $150,000, which the organization will put toward opening new dental clinics in the Cottonwood and Clarkfield communities of southwest Minnesota. Other recipients included Leisure Education for Exceptional People, the Mayo Health Clinic System in Mankato, and the Lake Crystal Area Recreation Center.