Foundation
History
Otto Bremer was interested in allowing all people opportunities
to participate within their communities. This commitment
lives on today through the work of the Foundation.
Over the years, Bremer’s bank investment made him the largest
investor in bank stocks in the Midwest. Many of these investments
were independent rural banks, “countryside banks” as he called
them. His commitment to these institutions and to the surrounding
communities was unwavering, as witnessed during the Depression
of the 1930s when Bremer liquidated many of his personal
assets to strengthen the countryside banks and help them
ride out hard times.
Otto Bremer’s life experiences in the first half of the
twentieth century shaped and directed the work of the Foundation
since its inception in 1944. It was Bremer’s knowledge and
concern for the strengths and hardships of the rural and
immigrant experience, coupled with his commitment to his
countryside banks that became the cornerstone of the Otto
Bremer Foundation. In creating the Foundation, Bremer sought
to insure the perpetuation of his the Bremer banks and the
ultimate return of his personal wealth to his “family” of
communities.
Since its early days, the Foundation has changed from a
small trustee-run organization with an informal granting
process, to a professionally-staffed organization with funding
guidelines, simple processes and procedures. The monies available
for granting and the number of requests awarded annually
have risen exponentially over the decades. Through all the
years however, the work of the Foundation continues to reflect
the expressed interests and concerns of Otto Bremer. In reflecting
on his life, it is apparent that he was interested in allowing
all people opportunities to participate within their communities.
This commitment lives on today through the work of the Foundation.
With an explicit outline of his wishes captured in a Trust
Agreement and by his personal example of taking bold action
when others held back, Otto Bremer’s vision and spirit continue
to grow through the Foundation’s investment and partnership
with the people and nonprofit organizations in the region.