Bremer Foundation Funds Scholarships
Minnesota West Community & Technical College received the $200,000 Bremer Finish Line Grant from the Otto Bremer Foundation to fund the Finish Line Scholarship Program for the second year. The program, announced last year will provide up to $4 million in scholarships over two years to select MnSCU colleges located in or near Bremer Bank communities.
Minnesota West Community & Technical College students who are from Redwood or Lyon counties are eligible for up to $1,000 per term. This program focuses on providing students with the support that will allow them to reach the finish line and graduate with credentials needed to succeed.
About the Otto Bremer Foundation
Created in 1944, the Otto Bremer Foundation, based in St. Paul, assists people in achieving full economic, civic and social participation in and for the betterment of their communities. This mission is based on the intent of founder Otto Bremer, a German immigrant and successful banker who was a dedicated community leader involved in civic, financial and corporate life. His vision and longstanding commitment to communities during and after the Great Depression are carried forward today through the Foundation’s work in the places that are homes and neighbors to Bremer Banks. The Foundation strives to help build healthy, vibrant communities—communities where basic needs are met, mutual regard is prized and opportunities for economic, civic and social participation are within everyone's reach.
The Otto Bremer Foundation owns 92 percent of Bremer Bank and receives an equivalent share of the bank profits that are paid out as dividends. This means that a large portion of bank profit is invested back in local communities through grants and program-related investments.
In 2013, the Foundation provided approximately $38 million in grants and program-related investments to more than 700 organizations in Bremer Bank communities in Minnesota, North Dakota and western Wisconsin.