Investing for Impact

2019 Annual Report

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As we look back on 2019, we are energized by the impact that $56 million in grants, program-related investments, and other strategic initiatives had across the Upper Midwest. This was the highest amount of charitable investments made in the Otto Bremer Trust’s 75-year history.

The engine for these record charitable distributions is the growth in our assets. Our unique approach to investment management has delivered strong results. We ended 2019 with assets of $2 billion, up 117 percent in just the past five years.

While these are meaningful milestones, from today’s vantage point we are facing a markedly different world, impacted by the Covid-19 crisis and the civil unrest caused by social injustice and racism.

While the juxtaposition is startling, one constant throughout all these years is the Otto Bremer Trust and our unwavering determination to help the most vulnerable—in the good years and in even the most challenging times. It was in a similarly uncertain time during the Great Depression that our founder Otto Bremer used his personal resources to help communities that were struggling. He believed then, as we do now, that people could survive and succeed if effective resources were provided during critical times.

Otto Bremer would be humbled that the small charitable trust he created has become a sustainable force for good throughout our region and continues to make important investments in the people, places, and opportunities of the region. It’s a fitting tribute to a visionary man that his legacy endures.

2019 Financial Overview

End Of Year Market Value Of Assets

  • Cash $747,428
  • Investments
    • Fixed Income 143,370,514
    • Corporate Stock 1,879,873,962
    • Other 22,959,243
  • Other Assets
    • Fixed Assets 2,177,808
    • Accrued Receivables 596,889
  • Total Assets $2,049,725,844

Revenue And Expenses

  • Revenue
    • Interest from Dividends 4,689
    • Dividends from investments 83,233,125
    • Net Gain on Sale of Investments 7,547,815
    • Other Income 4,019,009
  • Total Revenue $94,804,638
  • Expenses and Disbursements
    • Operation and Adminstration 6,927,293
    • Taxes 3,410,000
    • Grants and Program-Related Investments 56,845,772
    • Other Expenses 1,888,167
  • Total Expenses And Disbursements $69,071,232
  • Excess Revenue Over Expenses $25,733,406

Assets

  • 2019 2049725844
  • 2018 1031098556
  • 2017 1011632753
  • 2016 936964482
  • 2015 906202779

Grants & PRIs

  • 2019 56845772
  • 2018 50212684
  • 2017 48774205
  • 2016 47314055
  • 2015 45131785

Good Lives Here

This is how strategic investments change lives–one story at a time.

See the Impact Download PDF