Medtronic supports MIFA with $75,000 grant
Memphis, Tennessee (January 19, 2011) – The Medtronic Foundation’s Memphis Community Council has awarded MIFA the final $25,000 payment of a three-year grant totaling $75,000.
The grant is in support of MIFA’s Emergency Services. This program provides rent, mortgage and utility assistance for Shelby County residents who have experienced a sudden loss of income due to a job layoff, medical condition or some catastrophe like a house fire.
“This generous gift from the Medtronic Foundation has never been more critical,” said Margaret Craddock, MIFA Executive Director. “Utility requests have increased by 48%, rent by 64% and mortgage by 40% compared to the same period a year ago.”
During its last fiscal year, which ended June 30, 2010, MIFA’s Emergency Services provided relief to more than 24,000 persons in need.