The Otto Bremer Trust has announced that it will be expanding into all of Wisconsin and Montana beginning in the middle of next year.
OBT currently operates in Minnesota, North Dakota and western Wisconsin.
The change reflects the growth of OBT beyond traditional grant making to making innovative investments and providing creative financial tools for the region.
These include a broad range of program-related investments, mission-related investing and strategic capital allocation, all of which flow from OBT’s heritage in financial services and philanthropy.
Since its founding in 1944, OBT has made grants and program-related investments of more than $700 million, including over $50 million in 2018 alone.
OBT is making the announcement now as nonprofits and other organizations plan their budgets for 2020 and the years ahead. While no new grant requests will be accepted from the expanded geographies this year, interested organizations should periodically check OBT’s website at ottobremer.org for information and to sign up for updates.
In addition to OBT’s core commitment to responsive grant making, impact investing has received more attention over the past several years. OBT has been continuously innovating products and services to provide the region with additional resources. Recent examples include medium-term loans, investments in patient-capital funds, revolving lines of credit, real estate acquisition funds, and health services investments.
“During his life, Otto Bremer had great fondness and a strong business commitment to the four-state region. We are delighted that we will soon be able to support all of Montana, North Dakota, Minnesota and Wisconsin,” said Brian Lipschultz, co-CEO and trustee. “OBT represents the 21st-century financial service model—using our financial and non-financial resources to do well and do good.”