Pohlad Family Foundation’s Post

Here's to the next chapter!

GroundBreak Coalition, an initiative unlike any other that aims to close Minnesota's vast racial wealth gap, has unveiled its governance and operational structure. This unveiling marks a significant step forward in tackling this deeply entrenched issue. An Executive Council, comprised of influential leaders across sectors, will spearhead wealth-building efforts in the Minneapolis-St. Paul region. This dynamic group, bolstered by a newly established operational framework, is poised to transform how capital flows to build a more equitable economy. The formation of the Executive Council is noteworthy. This diverse group of private, public, philanthropic, nonprofit, and community leaders will act as a governing board, providing strategic guidance and ensuring GroundBreak's success. Their varied perspectives and deep expertise will be crucial in navigating the complexities of systemic change. Dondi Edwards, GroundBreak's newly appointed Project Director, will lead the development of the infrastructure needed for the coalition to operate independently and sustainably. Additionally, the implementation team, led by Marcus Owens, MBA, will refine strategies and monitor the flow of capital. This granular approach allows GroundBreak to tailor its efforts to the specific needs of the communities it serves. GroundBreak's combination of strategic leadership and grassroots implementation provides a promising framework for tackling the complex issue of racial wealth disparity in Minnesota. This initiative could become a model for other regions grappling with similar challenges. While the road ahead is undoubtedly long and complex, GroundBreak's commitment to tackling this systemic issue is commendable and deserves our full support. Executive Council: Tonya Allen, Susan Bass Roberts, Tawanna Black, Jennifer Ford Reedy, Peter Frosch, Darrel German, Suzette Huovinen, Trista Martinson, Adair Mosley, Tim Welsh, and Jim Zappa.

The insights presented in the article about creating a lasting legacy in Ottawa for business owners are both timely and pertinent. As businesses face the inevitable shift due to retiring owners, the focus on succession planning, growth investment, and community involvement becomes even more crucial. This strategic approach not only solves immediate transitional challenges but also enhances the broader economic and social fabric of the region. Incorporating a legacy mindset into the business transition process is, indeed, a top priority for sustaining long-term impact. This mindset ensures that businesses do not merely survive the change in leadership but thrive, advancing their original missions while adapting to new market realities. It is about mastering the rules of the mind to maintain continuity in business ethos and community presence. However, potential mindset blocks can interrupt this smooth transition. It is essential to identify and overcome these barriers to foster an environment where innovative thinking and legacy-driven strategies are at the forefront. I would be interested in going deeper into specific strategies that businesses have successfully implemented to incorporate a legacy mindset. How are businesses identifying and solving mindset blocks that may impede this process? Moreover, what measures are they taking to ensure that becoming 'legacy-minded' remains a top priority through their transitional phase? Exploring these questions can significantly improve our understanding of effective legacy planning and might offer valuable insights into enhancing our own approaches to fostering enduring business legacies. #legacymindset #legacycoach #legacybrand

With so many people retiring, we are on the brink of the largest ownership transition in history. In this article Mike McNeil shares why its important to ensure your legacy is properly stewarded into the future... "The impact of a successful business transition extends beyond the immediate financials—it’s about people. By ensuring that your business does more than survive—it thrives—you are helping maintain (and potentially increase) local employment. This continuity is crucial for individual employees, their families, and the entire community." Regenerative Capital Group #Regenerative #Leadership #BusinessTransition #Entrepreneurship #Retirement

In this article Mike McNeil, Regenerative Capital Group CEO-in-Residence, eloquently captures the importance and potential of legacy stewardship - a core value for us at Regenerative Capital Group. #searchfund #acquisitionentrepreneurship #regenerativebusiness

Today's Thought Piece Tuesday is “Infrastructure Design as Innovation”. 🗞 "Here is a well-kept secret: the most innovative, transformative foundations have the most robust infrastructure. In other words, the foundations that are the bravest, the most visionary, and become trailblazers in the philanthropic sector, take great care to design the most thorough organizational infrastructures. Often, foundations look almost exclusively to their programmatic strategies and work plans to determine how innovative and forward-looking their grant making is or they themselves are. They spend significant time focusing on programmatic goals, positioning, and priorities and often believe that focusing solely on these areas will determine how innovative they can be in the field. This belief is likely widely shared, but can also be short sighted. In fact, it is the combination of both programmatic strategy and infrastructure design that fuels and supports a foundation’s innovation." Read the full article from our Founder & CEO, A. Nicole Campbell here: https://lnkd.in/d2iGkw2P

Spotlight On: Melvin W. Carter III, Mayor, City of Saint Paul 4 min read April 2024 — In an #interview with #Invest:, Melvin Carter, mayor of the city of Saint Paul, talked about how #SaintPaul serves as a model for #leadership #diversity. He highlighted Saint Paul’s collaborative spirit, and explained why investing in #infrastructure is not just about fixing roads; rather, it is about laying the #foundation for economic growth and #prosperity. READ MORE: https://lnkd.in/g4Y2DJBC

"Breaking free from common misconceptions of how assets are managed and to what end enables new possibilities to emerge that can help move society toward a more equitable economy. However, it will require intentionality to move in this direction of questioning the status quo that dominates the financial sector; illuminating the fallacies; and pointing to solutions of repair, then regeneration, and finally sustainability for people and the planet." https://lnkd.in/eW2s3Dc4

It's easy to delay thinking about how you'll handle funder meetings until you have one in hand. Give the topic some advance thought, and you'll be ready to tackle your next one with confidence. If you find yourself wondering about funder meeting etiquette, check out this piece from GrantStation.com.

Exciting News: Introducing My New Website! michaelsmajor.com After weeks of planning and designing, I’m thrilled to launch 🚀. The site showcases the work I’m most passionate about, from full-cycle grant management and strategic planning to community engagement and nonprofit and small-business development. 🔍 A few things you’ll find: 💡 Information on the services I provide, including grant management, nonprofit/business development, bookkeeping, and more. 💡 A brief overview and introduction to some of the projects and partnerships I’ve been privileged to take part in. 💡 Insights into my philosophy around development and collaboration, and how I aim to help organizations focus on their core missions and create sustainable impact. Whether you’re a nonprofit leader, a young entrepreneur with a great idea, a small business owner, a community advocate, or just interested in learning more about my work, I hope you’ll check it out and share it with friends and colleagues! I’d love to hear your thoughts and connect with anyone who’s working on similar initiatives. Let’s keep building relationships, supporting one another, and making the world a better place together! Thank you for your support! #GrantWriting #CommunityDevelopment #NonprofitLeadership #StrategicPlanning #MichaelSMajor