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Minnesota Casino Tribes Form Endowment Fund

MINNESOTA – As reported by the Star Tribune: "A charitable endowment that could reach $50 million to $100 million was announced Monday by the state's three wealthiest Indian communities and the Minnesota Community Foundation.

"Giving by the fund would be in addition to the more than $11.5 million that the three groups donated to various causes last year. Those groups are the Shakopee Mdewakanton Sioux Community, the Prairie Island Indian Community in Red Wing and the Mille Lacs Band of Ojibwe in north-central Minnesota.

"They are the closest to the Twin Cities and run the state's most successful casinos--Mystic Lake, Treasure Island and the Grand Casinos.

"…The endowment could produce $2.5 million to $5 million a year.

"It could be used for Minnesota economic and civic causes and people in need, Indian and non-Indian, urban and rural…"

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