The Northfield Shares Fund offers several different kinds of funds designed to fit the individual donor’s wishes, ranging from unrestricted gifts that allow the Advisory Board to make grants to local organizations to specific gifts designated by the donor. Contributions from individuals, families, businesses and charitable organizations build the endowment, the earnings from which are used to fund community needs and interests. The early endowment funds, which continue to grow and yield earnings each year, are managed by the Minnesota Community Foundation, a public charity that manages and administers funds for the benefit of organizations and communities throughout Minnesota. Beginning in December 2015 all new charitable funds are owned and managed by Northfield Shares.
The donor’s gift is never spent, but is invested. The earnings from the invested gift are used to benefit the community and enhance the quality of life in the Northfield area. Donors also benefit, through the great satisfaction of giving something back to their community and by receiving significant tax considerations.