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Minnesota Timberwolves, Lynx combine philanthropy efforts, launch new grant program

For the first time, the Minnesota Timberwolves and Lynx are teaming up on philanthropy, combining their foundations and unveiling a new grant program this month.

The FastBreak Foundation, which has long been the Timberwolves' charitable arm, will now also represent the Lynx, T-Wolves Gaming and the Iowa Wolves. The foundation is also narrowing its focus. Instead of giving out smaller grants of $2,500 or $5,000 at each game, the foundation is shifting to focus on education, inclusion and wellness issues.

Later this month, it will announce five Minnesota nonprofits that will receive $25,000 a year for three years and 10 nonprofits that will receive $5,000 a year.