Northfield Shares works on your behalf, making a difference in the community through financial gifts from people like you. We provide easy, impactful, and effective ways for you to support projects and programs in the Northfield community that are meaningful to you. We work closely with individuals and organizations to help you achieve your charitable goals by offering a variety of giving strategies and funds.
As a donor, you have the opportunity to shape your donation by choosing from flexible funding vehicles such as designated, unrestricted, or donor advised funds. Northfield Shares accepts a variety of charitable contributions including checks, securities, stock, real estate, and legacy gifts.
Regardless of which fund type, we encourage you to contact your personal advisor or attorney, or reach out to us. We can get you connected with the right person to make sure you are considering the best options for your financial needs, currently and in the future, along with helping you establish your philanthropic wishes.
Types of Funds
Donor Advised Fund:
Donor advised funds (DAFs) are a simple way for donors to give their money to programs and organizations. Donors will set up an account with Northfield Shares, deposit funds and assets, receiving maximum tax benefits and are able to direct how you would like the funds to be distributed. The fund is managed by Northfield Shares. As the sponsoring organization, Northfield Shares will take care of all the paperwork and fund distribution, making these funds a great option for donors who are passionate about specific organizations or causes.
Donations to an undesignated fund will give Northfield Shares financial flexibility to use these donations wherever the need is greatest. When making a donation to an undesignated fund, donors can be ensured in knowing their gift will make a difference in the work of Northfield Shares.
Donors may designate the use of their donations to a particular purpose or project, managed by Northfield Shares. Designated funds are required to be used in a specific window of time and/or for a specific purpose.
Setting Up Funds
Most funds managed by Northfield Shares are endowments, meaning the principal is retained and only the interest or earnings are spent. Named funds can be created under any of the fund types noted above, but require investment of $10,000 or more. Smaller contributions can be made to the operating fund.
Set up a Donor Advised Fund
Take the full tax deduction when you set up the account. Then the donor recommends the amount and the recipient for all income, on whatever schedule the donor decides.
Make a Gift of Securities, Stock, or Real Estate
Gifts of this nature can provide tax relief to some while providing opportunity to support our mission. Northfield Shares will invest the cash or the proceeds from sale of the other assets as they determine. Regular reports are made to the donor regarding the present value of the fund and any transactions which have occurred.
Make a Legacy Gift
Make a legacy gift to honor your life or the life of someone else. A legacy gift ensures your generous spirit and philanthropic interests live on for all time. Legacy or endowment gifts are never spent, instead they are invested to grow. The interest earnings are available to grant, giving your gift the power to impact the community forever.
Northfield Shares is a registered 501©3 nonprofit organization. All donations are tax deductible and final. Please contact us with questions.