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Peter Heegaard

Photo of Peter HeegaardPeter Heegaard is a former trust banker who has championed the connection of business people to community through such initiatives as Urban Adventure and the One Percent Club, an organization that enlists people to contribute 1% or more of their net worth annually to tax-deductible causes.

A Minneapolis native, Heegaard began his business career in 1960 with the Trust Group of Northwestern National Bank of Minneapolis; he headed the organization from 1980 to 1986. He also was the founder and former managing principal of Lowry Hill, a subsidiary of Wells Fargo and a leading asset management company dedicated to serving affluent individuals and their families. After retiring from the financial services industry in 1996, Heegaard began serving as a consultant and volunteer to several foundations and nonprofit organizations engaged in strengthening the community in Minnesota.

In 1997 he founded Urban Adventure, a Twin Cities-based educational program that exposes young business leaders and MBA candidates to our most challenging urban issues. Using community agencies as “real world” classrooms, the program illustrates the potential savings from addressing tough issues like rebuilding healthy neighborhoods and training people for living wage jobs from the “front end.”

Heegaard also is editor of An Investment Letter for Minnesota Philanthropists, a quarterly publication that demonstrates how well-managed nonprofit organizations provide a positive financial return to their local communities and the State of Minnesota. Heegaard’s recent book, Heroes Among Us: Social Entrepreneurs Working to Build Strong Families and Communities, was published by Nodin Press in 2008. It spotlights the lives of 11 Minnesota social entrepreneurs who founded regional nonprofit organizations.

A community activist and leader, Heegaard is involved in varied civic organizations. He serves on the boards of Ready 4 K, the Northstar Foundation, the One Percent Club, and the City of Minneapolis Empowerment Zone Governance Board. His past board affiliations include: Charles K. Blandin Foundation, Gamble Skogmo Foundation, Wolf Ridge Environmental Learning Center, Minneapolis Foundation, Presbyterian Homes of Minnesota, Hennepin County Library Board, Legal Rights Center, Van Dusen Air Incorporated, M.A. Gedney Company, and the Board of Pensions of the Presbyterian Church USA. He is a past president of the Citizens League and a former trustee of Macalester College, the Minnesota Council of Foundations, and the Minnesota Medical Foundation.

Heegaard is a graduate of the Amos Tuck School of Business Administration at Dartmouth College.

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