5.0. EDSR 09-09-2002 - Laserfiche WebLink

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4•Nr,July 1, 2002 • INITIATIVE Stephanie Klinzing FOUNDATION City of Elk River 13065 Orono Pkwy PO Box 490 Elk River, MN 55330-0490 Dear Mayor Klinzing, Greetings from the Initiative Foundation!We really appreciate the past financial support of the City of Elk River and look forward to a continued partnership.As we look forward to celebrating our 16th anniversary on July 1st we are pleased to announce to you our new five-year strategic plan and focus areas: • Promote Economic Stability-Sustain an economic environment in Central Minnesota capable of responding to business opportunities affording wealth creation, livable wage jobs and diversification of the economic base. • Increase Utilization of Technology- Facilitate increased utilization of technology for community and economic development. • Preserve Space, Place and Resources- Encourage efforts that follow principles of sustainable development in order to preserve open space, a sense of place, and natural resources. • Embrace Diversity/Reduce Prejudice- Initiate, support and promote efforts that reduce prejudice(across age, class culture and ability level) by embracing diversity as an asset. • Children,Youth and Families - Initiate, support and promote efforts that encourage • development of hltcd . • Build Capacity of eaNonprofit hyhildren Organizationsanfamilies - Enhance and empower nonprofit organizations by helping them improve their internal effectiveness. We will fulfill these goals through grants to non-profits, business investments, leadership training and donor services. Since our inception in 1986 we have distributed over$28 million in the region, including $1,679,625 in Sherburne County. In addition the communities of Elk River, Big Lake and Zimmerman have participated in our Healthy Communities Partnership Program and Big Lake, Briggs Lake Chain, Lake Fremont, Lake Orono and Little Elk Lake Improvement in our Healthy Lakes Partnership Program. In support of our new strategic plan, our lead funding partner,The McKnight Foundation, has awarded an additional$7.1 million to support our work. This includes a challenge grant to support our general endowment.We are launching our "Unlock The Potential Campaign" to raise$2.5 million for our endowment over the next five years. Gifts received between July 1, 2002 and June 30, 2007 will be matched dollar for dollar by The McKnight Foundation. •