Philanthropy, Voluntarism, and Grantmaking

SOUTHWEST INITIATIVE FOUNDATION

  • Hutchinson, MN
  • www.swifoundation.org

Mission Statement

The mission of the Southwest Initiative Foundation is to be a catalyst, facilitating opportunities for economic and social growth by developing and challenging leaders to build on southwest Minnesota's assets.

Main Programs

  1. Early Childhood Initiative/Thrive
  2. Business Finance and Microloan Programs
  3. Community Affiliates
  4. Entrepreneurship Program
  5. Paul and Alma Schwan Aging Trust Fund
Service Areas

Self-reported

Minnesota

Southwest Initiative Foundation serves the nearly 300,000 residents of Big Stone, Chippewa, Cottonwood, Jackson, Kandiyohi, Lac qui Parle, Lincoln, Lyon, McLeod, Meeker, Murray, Nobles, Pipestone, Redwood, Renville, Rock, Swift and Yellow Medicine counties in rural, southwest Minnesota.

ruling year

1986

President/CEO since 2015

Self-reported

Diana Anderson

Keywords

Self-reported

Rural Southwest Minnesota Community Development

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Also Known As

SWIF

EIN

41-1555592

 Number

3432675385

Physical Address

15 3rd Avenue NW

Hutchinson, MN 55350

Contact

Cause Area (NTEE Code)

Community Foundations (T31)

Rural (S32)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The vision of the Southwest Initiative Foundaiton is to create a highly productive region where growing numbers of people choose to live and work.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Early Childhood Initiative/Thrive

SWIF is engaged in the Minnesota Early Childhood Initiative, a network of coalitions focused on quality care and educational opportunities for children ages birth to 5, to help ensure that all of southwest Minnesota’s youngest children thrive, and have a healthy life of learning, achieving, and succeeding. To make this happen, SWIF works with 16 selected coalition communities located throughout the 18 counties of southwest Minnesota. In addition, grant funds are available to pursue partnerships on early care and education projects that have a region-wide scope, which have included trainings for professionals, family-friendly events and other activities that engage the communities and raise awareness of young children's needs. Key issues for the Early Childhood Initiative are access to early learning opportunities, access to quality child care, PreK-3rd Grade Alignment and access to early dental care.

Category

Youth Development

Population(s) Served

Infants/Babies (under age 5)

Budget

288,776.00

Program 2

Business Finance and Microloan Programs

A strong, diverse economy that capitalizes on existing
assets in the region is a key to a prosperous future
for southwest Minnesota. Since inception, Southwest Initiative Foundation has supported regional business growth through our Business Finance Program by providing gap financing for new and expanding businesses.

In 2001, the Microenterprise Loan Program was started to help entrepreneurs create small business and self-employment opportunities. In addition to financing options, microloan clients receive business coaching and technical assistance for the life of their loan, helping set them up for success and growth opportunities.

Today, we have a variety of options available for
entrepreneurs and communities to help sustain and grow businesses and accomplish community development projects, all of which translates into more opportunities for the people of this region.

Our loan team is ready to work with you on your project. Whether you are an aspiring entrepreneur, an existing business owner or a commercial lender, we are ready to help make your project a reality.

Category

Community Development

Population(s) Served

Adults

Budget

937,000.00

Program 3

Community Affiliates

The Southwest Initiative Foundation’s (SWIF) Community Foundation Program allows donors to make gifts to SWIF and designate them for use in their communities.  Through philanthropy that is visionary, diverse and inclusive, SWIF’s community foundation partners - known as affiliates - serve as catalysts for improvement in southwest Minnesota. We currently have 25 affiliates in our region.

SWIF provides the administrative and 501(c)(3) infrastructure to its affiliates. It also provides ongoing technical and professional support in areas such as strategic planning, fundraising, marketing, public relations, and grantmaking.

Community foundation funds are advised by local committees of community leaders that are responsible for raising funds, recommending grantees, and raising public awareness.

The Community Foundation Program is a true partnership between SWIF and the local community – one that has proven to be mutually beneficial and an effective means to retain charitable dollars for the benefit of southwest Minnesota communities.

Category

Philanthropy, Voluntarism & Grantmaking

Population(s) Served

General Public/Unspecified

Budget

1,712,000.00

Program 4

Entrepreneurship Program

The Southwest Initiative Foundation (SWIF) is deeply committed to the entrepreneurs of the region and believes they hold one of the keys to regional economic success.  Through our Center of Rural Entrepreneurship or CORE website, we facilitate and support regional resources to assist and invest in entrepreneurs and entrepreneurial ventures. SWIF is working to identify gaps in services available to entrepreneurs and create a seamless resource path for aspiring business owners. This includes hosting business classes and providing online education at: www.mncore.com

SWIF's Encore Entrepreneurship program is dedicated to assisting people age 55 and better who want to explore business and self-employment opportunities with education, financing and networking tools designed to fit their needs.

Category

Community Development

Population(s) Served

Adults

Aging/Elderly/Senior Citizens

Budget

379,000.00

Program 5

Paul and Alma Schwan Aging Trust Fund

As our largest designated fund, the Paul and Alma Schwan Aging Trust Endowment Fund is devoted to promoting productive aging in southwest Minnesota.

Category

Human Services

Population(s) Served

Aging/Elderly/Senior Citizens

Budget

$300,000.00

Service Areas

Self-reported

Minnesota

Southwest Initiative Foundation serves the nearly 300,000 residents of Big Stone, Chippewa, Cottonwood, Jackson, Kandiyohi, Lac qui Parle, Lincoln, Lyon, McLeod, Meeker, Murray, Nobles, Pipestone, Redwood, Renville, Rock, Swift and Yellow Medicine counties in rural, southwest Minnesota.

Social Media

Blog

Funding Needs

Strategic programming support for early childhood programs, aging programs, entrepreneurial programs, as well as our unrestricted endowment and operational expenses.

Accreditations

Council on Foundations National Standards

Affiliations + Memberships

Council on Foundations - Member

Association of Fundraising Professionals - Member

Association for Enterprise Opportunity (AEO)

Chamber of Commerce

Minnesota Council of Nonprofits

External Reviews

Source: greatnonprofits.org

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

SOUTHWEST INITIATIVE FOUNDATION
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

SOUTHWEST INITIATIVE FOUNDATION

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair and Board Members
  • Access to the GuideStar Community
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President/CEO

Diana Anderson

BIO

Diana Anderson was named Southwest Initiative Foundation's (SWIF) president/CEO in January 2015 after serving as interim president/CEO since August 2014. Diana joined SWIF as development director in 2001, leading SWIF's fundraising and starting SWIF's community foundation program. In 2007, she was promoted to chief operating officer (COO). In this newly-created position, Diana provided leadership and oversight to SWIF's internal operations and functions, including strategic planning, management team leadership and program design. In 2011, she was again promoted to vice president/COO, playing a more visible role in program development and delivery, working alongside SWIF team leads in communities across the southwest Minnesota region.

Prior to joining SWIF, Diana spent 11 years in administration at Sanford Canby, as well as the South Dakota Newspaper Association and Hendricks Pioneer newspaper. Diana received her degree from Augustana College in Sioux Falls and later continued her education at the U of M School of Public Health. She has a background in communications, business administration and healthcare administration.

Current board service includes Community Foundation National Standards, Vacker Place dba Lakeview Ranch and Aveyron Homes, Inc. She also serves on the Great Lakes Advisory Council of the Federal Reserve Bank of Minneapolis. Diana has been a Rotary International member since 1989, the first year women were allowed to join.

Governance

BOARD CHAIR

Robert Thurston

Thurston Genetics

Term: July 2015 - June 2017

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?