Foundation & Grant Requests

Committed to our community.


Northeast Bank sponsored a contest back in 1974 to design a flag for Northeast Minneapolis and the winning flag has been in use ever since. Light blue stripes, slanting in a northeast direction, represent the Mississippi River bounding the community. The white stars represent the numerous nationalities and ethnic groups in the 160-year old Minneapolis community. They are enclosed in a deep blue circle which represents the unity and continuity of all these groups in Northeast Minneapolis.




WALTER C. RASMUSSEN, the late Chairman of Northeast Bank, believed that working together, we can make a difference. He believed that getting out in the community was the key. Walter tried to do this every day — listening, understanding, evaluating and acting as a catalyst to many different situations. A natural leader, Walter combined hard work and discipline with his never-ending faith and admiration for people.

The Walter C. Rasmussen-Northeast Bank Foundation was formed by Belva Rasmussen to carry on the community-building work that Walter Rasmussen believed in so strongly.


The Walter C. Rasmussen-Northeast Bank Foundation is committed to making a difference by supporting education, housing, culture, and health initiatives that strengthen and assist our community.



Charitable Giving Guidelines

The Walter C. Rasmussen-Northeast Bank Foundation will consider requests that:

  • Benefit the areas of education, housing, culture, or health concerns.
  • Serve housing needs, particularly those relating to children and families, that encourage self-sufficiency and provide opportunities for the economically disadvantaged to become contributing members of society.
  • Encourage youth development through strengthening of education.
  • Promote cost-effective programs that enhance excellence in health care, particularly in cardiac research, treatment, and preventative care.
  • Focus on strategies that respond effectively to community needs, with an emphasis on those within Hennepin and Anoka counties.

To request funds from the Walter C. Rasmussen-Northeast Bank Foundation, please send a single page proposal including:

  • Amount requested
  • Use of the funds
  • Total project budget (if applicable)
  • A description of how your proposal meets the Walter C. Rasmussen-Northeast Bank Foundation's funding priorities.

Requests are reviewed annually. Requests should be mailed by September 30th to:

Walter C. Rasmussen-Northeast Bank Foundation

Attn: Suzanne Sjoselius

77 Broadway St NE

Minneapolis, MN 55413


To Donate

The Foundation continues to support its major gift beneficiaries: The Rasmussen Center for Cardiovascular Disease Prevention, Neighborhood Health Source, and Eastside Neighborhood Services, as well as other community organizations that support its mission. If you wish to join us in support of these community organizations, your contribution is 100% tax-deductible.


Please send donations to:

Walter C. Rasmussen-Northeast Bank Foundation

Attn: Suzanne Sjoselius

77 Broadway St NE

Minneapolis, MN 55413