Twin Cities Nonprofits Receive $3 Million in Grants from Otto Bremer

Otto Bremer Trust pic
Otto Bremer Trust
Image: ottobremer.org

A leading charitable trust based in St. Paul, Minnesota, Otto Bremer Trust operates with a commitment to serving the communities of the Upper Midwest under the direction of a leadership team that includes Daniel Reardon. Working with the organization’s co-CEOs and trustees, Daniel Reardon helped Otto Bremer to exceed its previous annual giving records during the 2016 year, with more than $47 million in grant distributions. Grant recipients included three nonprofit organizations within the Twin Cities.

The Greater Minnesota Housing Fund, the Metropolitan Economic Development Association, and Twin Cities Habitat for Humanity made up the three Twin Cities recipients. Contributions amounted to a total $3 million in program-related investments, which included loans and equity investments. Each of the three organizations received $1 million, which went toward specific programs.

The Greater Minnesota Housing Fund used the grant to acquire and preserve 1,000 units of affordable housing, and the Metropolitan Economic Development Association put the funds toward supporting minority entrepreneurs. Twin Cities Habitat for Humanity’s grant will help families with low incomes purchase affordable homes.