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Minnesota Council on Foundations Announces Impact Investment Collaboration

Wednesday, April 19, 2017

On April 18, Forum member Minnesota Council on Foundations (MCF) and several Minnesota foundations announced a first-of-its-kind in the nation impact investing collaborative to support affordable housing and small businesses in the state of Minnesota.

Already, there is more than $17.1 million committed to the impact investing collaborative, and the commitment is expected to exceed $20 million. It is invested in a fixed income bond fund focused on affordable housing and small business lending throughout Minnesota.

MCF members, The McKnight Foundation, Bush Foundation and the Otto Bremer Trust, are the lead anchor institutions participating in the collaborative while MCF is not only leading and coordinating this initiative, but is also investing a portion of their investment capital as well.

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