FORTIS CAPITAL
AI Summary
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FORTIS CAPITAL is a nonprofit organization dedicated to economic development finance in Minneapolis, Minnesota, with a focus on providing access to capital for businesses owned by persons of color and those in challenged communities. With an operating budget of $589.4K and total revenue of $1.3M for the 2024 filing year, the organization is supported by multiple funders, with no single funder contributing 50% or more of its revenue. For more information, visit www.fortiscap.org.
Mission Statement
FORTIS CAPITAL IS ENGAGED IN ECONOMIC DEVELOPMENT FINANCE IN THE AREA OF MINNEAPOLIS - SAINT PAUL, MINNESOTA, WITH AN EMPHASIS ON PROVIDING ACCESS TO CAPITAL FOR BUSINESSES OWNED BY PERSONS OF COLOR AND IN CHALLENGED COMMUNITIES.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is FORTIS CAPITAL’s budget?
In 2024, FORTIS CAPITAL reported an annual operating budget of around $589 thousand. More detailed financial information is available to registered users.
What causes does FORTIS CAPITAL support?
FORTIS CAPITAL supports work in Economic development.
Where does FORTIS CAPITAL operate?
FORTIS CAPITAL is headquartered in Minneapolis, MN.
Who funded FORTIS CAPITAL recently?
In 2025, FORTIS CAPITAL received grants from TARGET FOUNDATION, THE JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA, and ROOTED PHILANTHROPIC. More information on this organization’s funders is available to registered users.
What is the largest grant FORTIS CAPITAL received in 2024?
The largest grant to FORTIS CAPITAL in 2024 exceeds $150 thousand.
What is FORTIS CAPITAL’s reliance on government grants?
FORTIS CAPITAL relied on government grants for more than 20% of their total revenue in 2024.