(Oct. 23, 2013) — The Otto Bremer Foundation awarded 84 grants totaling $4,305,462 in September 2013. Grants support programs and organizations in the Twin Cities metro area. A complete list of grants can be downloaded here.
About the Otto Bremer Foundation
Created in 1944, the Otto Bremer Foundation assists people in achieving full economic, civic and social participation in and for the betterment of their communities. This mission is based on the intent of founder Otto Bremer. His vision and longstanding commitment to communities during and after the Great Depression are carried forward today through the Foundation’s work in the places that are homes and neighbors to Bremer banks. The Foundation strives to help build healthy, vibrant communities—communities where basic needs are met, mutual regard is prized and opportunities for economic, civic and social participation are within everyone's reach.
The Otto Bremer Foundation owns 92 percent of Bremer Bank, and receives an equivalent share of the bank profits that are paid out as dividends. This means that a large portion of bank profit is invested back in local communities through grants and program-related investments.
In 2012 the Foundation provided approximately $36 million in grants and program-related investments.