Make a gift that keeps on giving, on-line at the Northfield Area Foundation.
Contributions to the Northfield Area Foundation can be made in many different ways, depending on the donor’s situation. Cash contributions are the simplest, but arrangements can be made for the transfer of other assets, whether in the form of shares of stock, bonds, or real property.
All funds are endowments; the principal is retained and only the income is spent. Named funds require investment of $10,000 or more. Smaller contributions can be made to the Operating Fund or Community Builders Fund of the Northfield Area Foundation.
For named funds that are to become operative immediately, the Minnesota Community Foundation will invest the cash or the proceeds from sale of the other assets as they determine. Regular reports are made to the donor of the present value of the fund and any transactions that have occurred.
Funds that are established by bequest become active only on the death of the donor and/or other beneficiaries. Depending on the initial agreement, the Northfield Area Foundation Board or the heirs of the donor then assume responsibility for the use of the income.
See the Funds page for further information about the types of funds available.
