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5/19/2014 <br /> Powering Possible <br /> Thanks&Welcome <br /> City of Elk River EDA, <br /> Staff&Guests <br /> May 19,2014 <br /> Sandy Voigt <br /> Initiative Foundation <br /> 320,632.9255 <br /> Powering Possible <br /> -Celebrating 27+Years! <br /> -Created in 1986 by McKnight Foundation <br /> -John Babcock,The BANK of Elk River-IF Board Trustee <br /> &Loan Committee member; <br /> -The late Chuck Christian-former IF Board Trustee& <br /> Loan Committee member <br /> -Since Inception- <br /> •$25 million in grants to nonprofits <br /> •$42.3 million in business financing loans <br /> •$258 million in private leverage <br /> -Awarded 701 scholarships <br /> -Over 5,000 community leaders trained <br /> Initiative Foundation <br /> Service Area <br /> 1 <br />