Funder DirectoryUND Center for Innovation Foundation
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Grantmaking public charityEIN 450422671

UND Center for Innovation Foundation

Grand Forks, ND 58203

Total Assets

$8.7M

FY 2024

Annual Giving

$217K

FY 2024

Grants Made

3

FY 2024

Avg Grant

$72K

FY 2024

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

$33K

The Foundation owns a wholly owned subsidiary that operates the North Dakota/Minnesota EB-5 Regional Center Program. The EB-5 program is an immigrant investor program focused on business development and job creation to stimulate economic activity and improvements in regional productivity through direct foreign investment. The program is administered by the US Citizenship and Immigration Service (USCIS) and the EB5 regional center is an entity approved by USCIS as a designated place to receive immigrant investor capital with new and emerging businesses. The North Dakota/Minnesota EB5 regional center received its designation in April 2011 and there are three portfolio companies with approximately 600 investors.

Program 2

$3K

Student Run Enterprises (SRE) engages students from across all disciplines at the University of North Dakota in experiential learning focused on the development of entrepreneurial and innovation skills. The purpose of student run enterprises is to establish legacy small businesses for students to manage and operate so they refine and develop their entrepreneurial skills. The students are provided with weekly, dedicated mentorship from a Center for Innovation staff member as well as a UND faculty subject matter expert to monitor their progress and encourage reflective practice on their business decisions.

Focus Areas

Community Improvement & Capacity Building

Financial Snapshot

2024 filing

Total Revenue

$395K

Total Expenses

$439K

Giving Over Time

4 years

Giving over time from 2020 to 2024. Peak $313K in 2020. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

24 grants

University of North Dakota
$785K
4 grants
Fenworks LLC
$38K
2 grants
Three Farm Daughters
$32K
2 grants
Kirkwall Defense
$23K
1 grant
ThinAir
$23K
1 grant
Pockett
$22K
1 grant
ELF Technology LLC Exp
$20K
2 grants
Homeland Hemp Co LLC
$20K
2 grants

Grant Size Distribution

24 grants

<$10K
9
grants
$10–50K
11
grants
$50–250K
4
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

3 states

North Dakota
$1.0M
97% of total
Minnesota
$20K
2% of total
Virginia
$17K
2% of total

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