ADC Proud Recipient of Transformational Grant!!
After a very competitive process, featuring many of the state’s most impressive and promising nonprofit organizations, the African Development Center is proud to announce that it is this year’s recipient of the Transformational Fund Grant!!
The Transformational Fund is a unique program of Minnesota Community Foundation made possible by the Pat and Tom Grossman Family Fund. A one-time grant of up to $500,000 is given to a nonprofit organization that is poised for organization-wide, long-term, sustainable change in helping Hennepin County residents become self-sufficient. The grant is intended to improve effectiveness and efficiency, support dramatic growth and change in a promising organization and allow an organization to move to the next level.
ADC is proud to be just the second recipient of this fund, which will provide $410,000 to support our new social venture – ADC Business Consulting! This program will expand ADC’s culturally conscious technical assistance to better meet the new demand for such things as accounting services and tax preparation to a growing number of established immigrant businesses in the region. This is a necessary expansion of ADC’s comprehensive community economic development work, and will prove a key component in the efforts to support this new American community to become better equipped, educated, and robust economic contributors throughout the state of Minnesota.
“This grant is a huge step for the sustainability of our organization at a time when funding and external resources are more scarce than they’ve been in a long time,” said Hussein Samatar, Executive Director of ADC. “ADC Business Consulting will allow us to provide more sophisticated technical assistance and hands-on business management services. We offer education about the need for these services in our Business Development program, but until now couldn’t offer them ourselves. It will help us push our clients to be integrated into mainstream economies much more quickly and allow them to stay up-to-date on other types of forecasting and analysis to help reach their business goals.”
“ADC is a leader when it comes to nonprofit social ventures, and the income generated from its new consulting services for businesses will strengthen the organization in a way that enables it to provide an even higher level and breadth of services,” said Carleen Rhodes, President and CEO of Minnesota Community Foundation.
“ADC’s level of professionalism and commitment to what they do is exceptional,” said Tom Grossman, a Minnesota Community Foundation board member and business owner known for his entrepreneurial spirit. “What they’re doing is very, very important. The concept of helping an organization that helps others provide jobs is a level of sustainability that is important to me and my family.”
The African Development Center is ecstatic to be chosen for this year’s grant. This support will not only enable us to provide new and much needed services to the growing community of African-owned businesses of Minnesota, but also help us to reach our sustainability goals of organizational earned income at 50 percent of our operating budget. Further, this grant means a lot for us as it recognizes the importance of our work, the potential and positive impact of our community served, and the strategy with which we are trying to transform neighborhoods and economies throughout Minnesota.
We are grateful for this opportunity and award from the Transformational Fund and the Minnesota Community Foundation.