How We Support Nonprofits
The Mankato Area Foundation (MAF) offers support beyond the grant to our region's nonprofits through various services and funds. One topic continually on the minds of all nonprofit organizational leaders is organizational goals. Those goals might include financial stability, improving efforts to achieve your organizational mission, raising funds for upgrades or improvements, etc.
We support and collaborate with those organizations by offering Agency Funds, Fiscal Sponsorships and our Consultant in Residency program.
AGENCY FUNDS & PARTNERS
Once a local nonprofit organization has identified they have investible assets, the organization may partner with MAF by establishing an agency fund for placement of those assets. Through this partnership, the Foundation pools and invests the organization's assets with those of the Foundation, thereby providing responsible and professional management. Learn More
Through a fiscal sponsorship, MAF partners with mission-driven groups looking to advance innovative projects and programs or those finding solutions to unique community challenges. This formal relationship allows MAF, acting as the fiscal sponsor, to provide tax-exempt status to select groups engaged in activities that align with the Foundation’s mission. Most often, fiscal sponsorship is used by organizations, individuals or collaborations who are facilitating a short-term project but want an alternative to becoming their own nonprofit organization. Learn More
CONSULTANT IN RESIDENCY
The Consultant in Residency is a grant opportunity that gives organizations access to a nonprofit strategist by providing three tracks of assistance ranging from prearranged office hours, small group training/coaching, and individualized workshops for nonprofit leadership. Learn More
GOOD GOVERNANCE COHORT
Many nonprofits struggle with board governance and, as a result, are unable to realize the full benefit a board can—and should—generate in service of its mission. Often the challenges are multiple and ongoing, whether it is inspiring and engaging board members where they can add the greatest value, creating policies and procedures to ensure fiduciary responsibility, accountability and the board’s self-perpetuation, or building an effective partnership with the Executive Director. Learn More