Community Benefit Financial Company Emergency Fund
In response to COVID-19, the Otto Bremer Trust (OBT) established a $50 million emergency fund through its Community Benefit Financial Company (CBFC) subsidiary to provide financial support to Minnesota, Wisconsin, North Dakota, and Montana nonprofits and other community organizations impacted by and responding to the pandemic.
The Emergency Fund has provided tens of millions in grants and low-interest loans to more than 300 organizations in our four-state region. We thank the community for sharing their needs and appreciate the patience shown as we worked to be responsive to requests. Now that many organizations have stabilized from initial challenges, we believe requests for assistance can be most efficiently handled through our regular grantmaking process. For more information, please visit How to Apply for a Grant.
The fund continues to focus on deploying capital to rebuild community assets, such as damaged infrastructure, small businesses hurt by the economic crisis, and investments to replace or retain critical services. A network of intermediaries, including community development financial institutions (CDFIs), community development corporations (CDCs), and other lenders in OBT’s four-state region have been working to deploy capital in accordance with the fund’s stated purpose.
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