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.

Working with the Weather to Hunt for Deer

 

Deer Hunting pic
Deer Hunting
Image: deeranddeerhunting.com

An experienced finance professional, Daniel Reardon is co-CEO and trustee of the Otto Bremer Trust in Minnesota. Outside of his responsibilities at Otto Bremer, Daniel Reardon is an avid hunter.

When you’re hunting for deer, it is critical to work with the weather rather than against it. Hunters can find deer more readily by thinking critically about the responses of deer to the weather.

In calm and dry weather, deer tend to remain bedded for the majority of the day. If you are hunting alone, move around and search for deer. If you are hunting with others, stay in one spot and let the other hunters push the deer out into view.

In a storm or heavy wind, deer will find sheltered areas, so look under dense cover and evergreens. The barometer will fall just before a storm and trigger deer to find food regardless of time of day. When this happens, deer will be in fields and other places with food sources. Immediately after a storm breaks, the deer will return to these areas to feed.

Otto Bremer Trust Supports Mankato, Minnesota, Nonprofits

 

Daniel Reardon Otto Bremer
Daniel Reardon, Otto Bremer

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.

Gadgets for Ski Enthusiasts

 

Suunto Ambit3 Peak GPS pic
Suunto Ambit3 Peak GPS
Image: suunto.com

Daniel Reardon manages the Otto Bremer Trust as co-CEO and trustee. When not awarding grants and handling investments for the Otto Bremer Trust, Daniel Reardon enjoys skiing.

Advancements in ski equipment have not been uncommon throughout the years; however, modern technology has made the winter activity all the more enjoyable with the development of accessories such as GPS and GoPro cameras. Below are three must-purchase gadgets for ski enthusiasts.

Suunto Ambit3 Peak GPS Sports Watch: Keeping track of time is not an easy task when at the top of a mountain or cross-country skiing. Rather than carry your phone, invest in a sports watch. The Suunto Ambit3 Peak keeps track of your heart rate and activity, counts calories burned, and maps your location.

Beartek Snowsport Gloves: Perfect for skiers using GoPro, the Beartek Snowsport gloves are able to control the camera’s functions simply by pressing the correct finger pads together. The gloves must be equipped with a Bluetooth or Wi-Fi module, however, which is sold separately.

Oakley Airwave 1.5 Snow Goggles: Essentially Oakley’s version of Google Glass, the snow goggles display information such as speed and elevation as well as music titles and smartphone messages.