Northwest Area Foundation
60 Plato Blvd. E., Ste. 400
Saint Paul, MN United States 55107-1832
Telephone: (651) 224-9635
Type of Grantmaker
(yr. ended 2014-12-31)
Total giving: $16,499,537
Additional Contact Information
Incorporated in 1934 in MN as Lexington Foundation; name changed to Louis W. and Maud Hill Family Foundation in 1950; present name adopted 1975 - The eight contiguous states in the Northwest Area Foundation's service area (Idaho, Iowa, Minnesota, Montana, North Dakota, Oregon, South Dakota, and Washington) were served by the Great Northern Railway, founded by James J. Hill. In 1934, his son, Louis W. Hill, established the foundation The foundation is a signatory to Philanthropy’s Promise, an initiative of the National Committee for Responsive Philanthropy (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement.
Purpose and Activities
The grantmaker has identified the following area(s) of interest:
Assets and Wealth Building
To increase assets and wealth among people with low incomes and to expand access to economic opportunities.
Capacity and Leadership
To increase capacity and leadership to reduce poverty. The foundation seeks to work with others to strengthen and develop grassroots and organizational leadership, and expand organizational capacity to increase assets and wealth and influence public policy locally and in the foundation's region.
The foundation makes PRIs that provide resources to communities in the form of revolving loans that can be used for a variety of purposes including homeownership, business development and economic diversification and support. In addition, starting in 2004 the foundation allocated $10 million to create an MRI portfolio- a private equity, venture capital fund that is designed to meet the needs of established, private mid-to-late-stage companies that require additional funding for growth. In addition, the portfolio has mission-related objectives addressing the development and maintenance of an adequate workforce and the renetion of local businesses in the foundation's geographic region of service. .
To improve public policy solutions to reduce poverty. The foundation seeks to work with others to support public policy research, awareness and advocacy to increase assets and wealth, and support and strengthen American Indian urban and reservation communities and their ability to influence public policies .
Fields of Interest
- Community and economic development
- American Indians
- Economically disadvantaged people
- Immigrants and migrants
- Indigenous peoples
- Low-income and poor people
- People of African descent
- People of Latin American descent
Year ended 2014-12-31
Assets: $449,074,345 (market value)
Total giving: $16,499,537
Qualifying distributions: $22,143,210