Harvesting Your Generosity
Your generosity: now and forever
Every donation, regardless of the amount, is a valuable gift because it’s an investment in making our community the best it can be. In fact, our Foundation assets consist of many smaller funds. When gifts of all sizes are pooled together in Northfield Shares, their impact is exponentially greater.
A community foundation is like a bank for philanthropy. We can hold a variety of funds for the short or long term and then redistribute those funds according to the greatest need / donors’ wishes. For individuals and families who wish to make a difference beyond their lifetime, a permanently endowed fund is a good option.
For a permanently endowed fund, often named for the donor, the total amount of the gift is invested. Each year, only a portion of the income earned is spent on annual grantmaking while the remainder is added to the principal for growth. Because the principle is never spent, an endowment is a perpetual gift. Compounding interest and a growing stock market mean that the initial gift will continue to grow beyond the original amount, doing more good in our community over time.
Northfield Shares currently manages 33 endowed agency or donor advised funds.
Call or email us at 507-403-9755 or info@northfieldshares.org to learn more.
