Nonprofits Assistance Fund is pleased to announce that we have been awarded a grant of $1,089,956 from the U.S. Department of Treasury's Community Development Financial Institutions (CDFI) Fund. This additional loan fund capital will allow us to help Minnesota's nonprofit organizations weather economic uncertainties so they can continue to provide vital services to citizens and communities across the state.

The CDFI Fund provides Financial Assistance grants to "achieve economic and community development impact by investing in CDFIs that demonstrate the financial and managerial capacity to provide financial products and services to low-income communities and populations." Our loans provide financial support and flexibility to nonprofit organizations that serve these individuals and communities. This grant will infuse our loan fund with $1 million of capital, allowing us to offer even greater support to these critical organizations. The grant also provides $89,956 to help us with long-term planning and outreach to more effectively serve nonprofits throughout Minnesota.

See the CDFI Fund's press release and a complete list of grant recipients.