The Northwest Area Foundation recently gave away $2.7 million to 24 organizations and entities with the overarching goal of reducing poverty and building prosperity.
One of the largest grants went to the Three Affiliated Tribes (the Mandan, Hidatsa and the Arikara Nation), based in New Town, North Dakota. The Foundation will donate $222,400 over the course of two years to the tribe to support "a major visioning and strategic planning process aimed at rebuilding the Tribal government and its economic structure in order to foster self governance."
That Three Affiliated Tribes sit on top of oil-rich lands. Planning will support long-term economic development by managing wealth that could come from the precious natural resources.
In addition to its grant to the Three Affiliated Tribes, the Foundation gave $50,000 to the Native American Community Development Corporation of Blackfeet, Montana. The organization will use the money to expand a youth mini-bank and matched savings program in Minnesota, Washington and Montana.
The Northwest Area Foundation oversees the eight states of Minnesota, Iowa, North Dakota, South Dakota, Montana, Idaho, Washington and Oregon including more than 70 sovereign Tribal Nations. The organization is dedicated to helping people build assets and wealth through access to capital, job training and financial education.
"We believe that increasing personal assets and wealth offers the brightest hope for people who are trying to move from poverty to financial stability," said Kevin Walker, president and CEO of the Northwest Area Foundation, in a press release. "One of the most effective ways to do that is by creating new business with jobs that generate living wages. Our grants will also support financial education and job training so low-income workers can build a solid future."
For a full list of the 24 grants the Northwest Area Foundation announced in the fourth quarter, visit www.nwaf.org/content/fourthqgrants12.