Image: Bigfork downtown
In December 2003, the Foundation’s Board of Trustees approved a resolution, ratified by the Ramsey County District Court, to distribute an average of at least 55 percent of all paid grants to the Grand Rapids/Itasca County area over a six-year rolling period beginning with 2003.
The court appointed a Special Master with legal and accounting expertise to verify that the Foundation’s grantmaking meets this criteria. In April 2015, the court
- concluded that the Foundation and Trust, with guidance from the Special Master, has developed a robust system for reporting on and verifying its activities
- discharged the special master and approved the transition to an independent self-reporting system
- increased the Foundation’s local grantmaking to 60 percent
Visit the Transparency page for more information.