MFF meaning in Business ?

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What is Minnesota Freedom Fund mean?

The Minnesota Freedom Fund is a non-profit organization that operates a bail fund. It was founded in 2016 and is based in the U.S. city of Minneapolis. The organization pays bail for people who have been arrested and are awaiting trial. Initially a small organization with a $100,000 in financial assets by 2017, the organization raised $40 million in 2020, following the murder of George Floyd. By May 2021, the organization had spent $19 million largely on posting bail for local cases. Money returns to the organization when a person appears in court and it can be reallocated to other bail posts. The organization does not make bail determinations based on the types of crimes allegedly committed and the posting of bond is made without details of a particular case. Leaders of the organization have expressed support for the abolition of all bail fees.

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Posted on 06 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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