2025 Milaca Community Guide | Page 24

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• Accounting Consultation

RUM RIVER COMMUNITY FOUNDATION

Rum River Community Foundation is a Partner Fund of the Initiative Foundation led by an advisory board of local volunteers who have made a commitment to strengthen our communities . Created in 2011 , its vision is to improve the quality of life in the following communities : cities of Bock , Foreston , Milaca and Pease ; and the townships of Bogus Brook , Borgholm , Hayland , Milaca , Milo and Page .
Community foundations are tax-exempt public charities serving thousands of people who share a common interest – improving the quality of life in their area . As your community ’ s foundation , we provide the leadership to help people give back to their community with measured impact and

Expert knowledge and advice with your finances

great meaning .
As local volunteers , we know our neighbors , share your interests and are invested in the future of our community . Our partnership with the Initiative Foundation combines local knowledge and leadership with professional expertise and guidance to identify community needs , serve donors and manage our investments .
By promoting local philanthropy , we strive to strengthen our community by connecting people , resources and needs . Our endowment fund is a charitable investment account in which the principal contributions are never spent ; only the earnings provide a flexible , dependable funding stream to support important projects .
Created in 1986 , the Initiative Foundation is making it possible to help Central Minnesota people build and sustain thriving communities . The Foundation serves the 14 counties of Central
Minnesota , providing nonprofit grants , business loans , leadership training and an array of donor services . We believe that local people have the greatest sum of initiative , knowledge and relationships to achieve a brighter future .
In partnership with Rum River Community Foundation , the Initiative Foundation oversees and manages financial contributions for the fund . The Foundation also provides staff support to the advisory board and ensures compliance with legal and professional standards . These services allow volunteer leaders to focus on meeting community needs and enhancing the local quality of life . As a 501 ( c ) ( 3 ) nonprofit organization , contributions to the fund are tax-deductible to the extent allowed by law .

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• Tax Planning • Payroll
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1012 5th St ., SE , Milaca , MN 56353 ( 320 ) 982-9090
900 S Rum River Dr ., # 107 , Princeton , MN 55371 ( 763 ) 633-9090
564 Dodge Ave ., N . W ., Elk River , MN 55330 ( 763 ) 241-9241
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Page 24 Milaca Community Guide • Spring 2025