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    3. City of Lakes Community Land Trust
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    City of Lakes Community Land Trust

    ActivePublic CharityHousing & ShelterMakes PRIs
    Minneapolis, MNWebsiteEIN: 06-16650311 filings on record

    About City of Lakes Community Land Trust

    Creating community ownership that preserves affordability and inclusivity

    Focus Areas

    Affordable housingCommunity land trust modelHomeownership education and supportProperty development and rehabilitationHomeowner financial and technical assistance

    Who They Fund

    local small businesses and entrepreneurscommunity-based organizationsneighborhood commercial districtslow- and moderate-income local residents (indirect beneficiaries)

    Funding Style

    community-driven / participatoryplace-based redevelopment

    About City of Lakes Community Land Trust

    City of Lakes Community Land Trust centers its grantmaking on preserving long-term affordable commercial space through community-driven redevelopment. The largest recent grant on file—$2,307,366 in 2023 to Partnership in Property Commercial Land Trust in Minneapolis—points to a funding strategy tied to commercial land trust work rather than a broad generalist portfolio. That award aligns with the foundation’s stated emphasis on affordable housing, property development and rehabilitation, and the community land trust model, with commercial space stabilization included in its topic taxonomy. The foundation’s work also reaches local residents indirectly through neighborhood economic revitalization and shared retail or workspace models. Its beneficiary list includes local small businesses and entrepreneurs, community-based organizations, and low- and moderate-income local residents. The grant programs show two clear ways it operates: a small Opportunity Fund for CLCLT homeowners and their households, and a commercial space selection process for businesses seeking to locate in CLCLT-managed property. Together, those programs suggest a funder focused on stewardship, occupancy, and long-term local asset building.

    What City of Lakes Community Land Trust Funds

    Affordable commercial real estate preservation is a core theme. In 2023, City of Lakes Community Land Trust gave $2,307,366 to Partnership in Property Commercial Land Trust for redeveloping and preserving long-term affordable commercial spaces through community-driven needs. The foundation also supports homeowner capacity and asset-building. Through the CLCLT Opportunity Fund, it offers one-time small grants of up to $500 for trainings, conferences, study materials, and business development for CLCLT homeowners and their immediate household. A third area is commercial space access for local enterprises. Its Commercial Land Trust — Commercial Space Selection program reviews applicants through a committee and Advisory Board for occupancy in CLCLT-managed commercial property, linking grantmaking to local business location and neighborhood economic development.

    How City of Lakes Community Land Trust Gives

    The clearest grant-size pattern is concentration: the reported p25, median, and p75 are all $2,307,366, indicating a single large grant amount in the available data. City of Lakes Community Land Trust is a public charity, not a fund for individuals, and it also makes program-related investments. The grant programs show a mix of one-time small support through the Opportunity Fund and a selection process for commercial space occupancy, so its giving is tied to stewardship and place-based operations rather than conventional open-call grant cycles. The recent record also shows a 2023 award, which fits a pattern of direct support for its own land trust model.

    Financial Snapshot

    Annual Giving

    $2.3M

    Total Assets

    $15.8M

    Total Revenue

    $2.3M

    Total Expenses

    $4.3M

    Typical Grant Size

    Most grants fall between $2.3M and $2.3M, with a median of $2.3M.

    25th Percentile

    $2.3M

    Median

    $2.3M

    75th Percentile

    $2.3M

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in MN.

    Funding intensity
    Low
    High
    Headquarters

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    long-term affordability / stewardship
    commercial space preservation

    Topics

    affordable commercial real estate preservationcommunity-led redevelopmentneighborhood economic revitalizationsmall business space stabilizationshared / incubator retail and workspace

    Where City of Lakes Community Land Trust Makes Grants

    Giving is fully local in the available record: 100% of grants go to recipients in Minnesota, and the top state by grant count is MN. The recent grant list names Minneapolis as the recipient city, matching the foundation’s service area. Program geography is also Minneapolis-focused, including the CLCLT Opportunity Fund and the Commercial Space Selection process for the Minneapolis metropolitan area and the City of Lakes service area.

    Frequently Asked Questions About City of Lakes Community Land Trust

    What does City of Lakes Community Land Trust fund?

    Its stated focus areas include affordable housing, community land trust model work, homeownership education and support, property development and rehabilitation, and homeowner financial and technical assistance. Its topic taxonomy also includes affordable commercial real estate preservation, community-led redevelopment, neighborhood economic revitalization, small business space stabilization, and shared retail or workspace.

    How does the foundation support local homeowners?

    Through the CLCLT Opportunity Fund, it provides one-time small grants of up to $500 for trainings, conferences, study materials, and business development. The program is aimed at CLCLT homeowners and their immediate household to help build assets or benefit the community.

    Does City of Lakes Community Land Trust fund outside Minnesota?

    The available grant record shows a local scope of giving, with 100% of grants going to recipients in Minnesota. The recent grant list also names Minneapolis as the recipient city.

    Is there a way for businesses to seek commercial space through the foundation?

    Yes. The Commercial Land Trust — Commercial Space Selection program is a selection process for businesses applying to occupy commercial space created by CLCLT. Applicants are reviewed by a committee and the Advisory Board for location in CLCLT-managed commercial property.

    What is the typical grant size in the available data?

    The reported p25, median, and p75 are all $2,307,366, reflecting a single grant amount in the available record. The recent grant list includes a 2023 award of that size to Partnership in Property Commercial Land Trust.

    Latest 990 Filing

    2023

    Source: IRS Form 990-PF, fiscal year 2023.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    Partnership in Property Commercial Land TrustMinneapolis, MN$2,307,3662023Redevelop and preserve long-term affordable commercial spaces through community driven needs.

    Partnership in Property Commercial Land Trust

    $2,307,366
    Minneapolis, MN2023

    Redevelop and preserve long-term affordable commercial spaces through community driven needs.