PRI Content

Seeking collateral, when possible, is a guiding principle in prudent lending and in accordance with our value of stewardship. While obtaining collateral is a tool in our due diligence, we also recognize external factors can negatively affect repayment and unexpected borrower problems may emerge. In such cases, MMT works with organizations to develop a reasonable repayment plan. We do not aggressively seek to foreclose on the loan to the harm of the nonprofit.

Content Area:  Health Award Date:  Nov 1 2011 Grant Amount:  1344000.00 Reason For Grant:  For a grant to help build the Cornelius Wellness Center and a program-related investment loan to refinance the McMinnville Clinic to increase access to health care for low-income, underinsured and uninsured patients. City:  Hillsboro County:  Washington State:  Other

Content Area:  Arts, Culture, Humanities Award Date:  Jun 1 2011 Grant Amount:  400000.00 Reason For Grant:  To help stabilize the financial condition of the organization by restructuring its loan on the Midtown Arts Center, which provides a permanent home for the Eugene Ballet and several arts organizations City:  Eugene County:  Lane State:  OR

About the Photo: FoodHub actively connects growers and consumers of healthy, regionally grown food. In this photo, Marketing Coordinator Megan Foucht staffs the FoodHub booth at the Oregon School Nutrition Association conference. Offering students nutritious, healthy regional food is one of the goals of Ecotrust's social ventures. Photo credit: Stacey Sobell, Ecotrust's Farm to School ManagerSupport from the Meyer Memorial Trust is allowing Ecotrust to scale up FoodHub, an online marketplace for buyers and sellers of regional food. FoodHub links farmers, ranchers and fishermen harvesting the incredible seasonal bounty of the Pacific Northwest with restaurants, hospitals, schools and grocery stores looking to meet the growing consumer demand for locally grown food. FoodHub’s long-term benefits include strengthened rural economies and equitable access to healthy, regionally grown food.Ecotrust describes how FoodHub is used this way:"Thanks to FoodHub, food buyers can walk to their computers, type in the word "raspberry" and quickly access a list of regional raspberry producers. They can sort their search results by specific attributes, check out various raspberry producer profiles, send one a message through FoodHub's message center, and arrange for delivery – either direct or through a mainline distributor. Never before has that raspberry producer been so highly visible to the region's food buyers. And never before have food buyers had it so easy."

About the Photo: A microloan from Oregon Microenterprise Network enabled Andrea Moore (pictured at right, with her daughter beside her) to purchase a trailer to provide dog grooming services in Polk and Yamhill counties. MERIT (MicroEnterprise Resources, Initiatives, & Training), a nonprofit co-located at the Chemeketa Small Business Development Center in Salem, worked with her to qualify for the loan, represented here by Executive Director Marcia Bagnall (pictured at left). After she repaid the loan she received a second loan ("step" loan) from OMEN to make repairs and upgrades to her trailer. Photo credit: Valerie Plummer, Oregon Microenterprise NetworkOregon Microenterprise Network (OMEN) used a $100,000 program related investment loan from Meyer Memorial Trust to provide lending capital to low income entrepreneurs in rural Oregon. In addition, OMEN used a $36,000 grant to provide technical assistance to its member organizations to strengthen business support for microentrepreneurs. The CapitalLink loan program of Oregon Microenterprise Network meets the demand for microloan capital in areas of rural Oregon. For more information about OMEN’s CapitalLink program, see http://www.oregon-microbiz.org/programs/capitallink/.

Content Area:  Conservation, Environment Award Date:  Mar 1 2011 Grant Amount:  4000000.00 Reason For Grant:  To establish a loan fund for land trusts to acquire land and secure conservation easements City:  Ilwaco County:  Pacific State:  WA

Content Area:  Health Award Date:  Nov 1 2010 Grant Amount:  150000.00 Reason For Grant:  For a program related investment loan to renovate a building for this organization that provides education and mental health services for students with disabilities City:  Portland County:  Multnomah State:  OR

Pilot Rock is one of the striking geologic features in southern Oregon's Cascade-Siskiyou National Monument, where ecoregions of the Cascade Mountains, eastern Cascade slopes and Klamath converge.Pacific Forest Trust used $950,000 in two program related investment loans to acquire 1,300 acres of private land within the Cascade-Siskiyou National Monument. The monument is a unique Oregon treasure with its landscape of exceptional geologic complexity and reservoirs of biodiversity.  The Siskiyous bring together plants and animals from the high deserts of the Great Basin with species from the wet forests of the Pacific Coast.  Over 200 threatened, endangered, and "bureau-listed" species live in the monument.  Lush wildflower meadows are alive with a diversity of butterflies nearly unsurpassed in the United States.  It contains several miles of the Pacific Crest Trail, major portions of the headwaters of the Rogue Wild and Scenic River, and areas of old-growth forest. Photo credit: Pacific Forest Trust

Tony and Ann Kischner financed Bridgewater Bistro, their riverfront dining establishment in Astoria, through Enterprise Cascadia, creating jobs for 27 local residents.Enterprise Cascadia, also known as Shorebank Enterprise Group Pacific, has used $1.25 million of program related investment loans and $705,000 in grants from Meyer Memorial Trust to provide loans and technical assistance to support small businesses, promote economic development, and develop community facilities in rural communities throughout Oregon and southwest Washington.  Enterprise Cascadia's reach is extensive – direct loans to small businesses, work with Tribes to build their financial lending capabilities, consulting on New Markets Tax Credits' projects, and collaboration with conservation organizations to preserve land, among others. Photo credit: Jennifer Janda, Enterprise Cascadia

Liberty Restoration used a $350,000 program related investment loan to reduce mortgage interest costs on the Liberty Theater, a 1925 vintage Italian Renaissance style building in downtown Astoria. The savings in interest payments has helped sustain the organization and has had a dramatic impact on economic development in the local area through increased tourist revenues and patronage of nearby restaurants and other local businesses. Photo credit: Michael Mathers Photography

No. That said, independent audited statements provide MMT with assurance that an organization's finances are presented fairly in all material respects. Should we request a full proposal from your organization, we will request current year financial statements (balance sheet and income statement) and financial statements for the three prior years. For prior years' statements, audited statements are preferred, if available.

Content Area:  Human Services Award Date:  Oct 1 2010 Grant Amount:  750000.00 Reason For Grant:  To renovate the organization's facility that houses services for homeless families, hungry children and other programs City:  Vancouver County:  Clark State:  WA