Designated Funds
Long-term support for specific organizations
Designated funds allow donors to provide long-term support to one or more nonprofit organizations. With a single gift, you can ensure that your favorite charities receive continued and reliable funding. The process is simple: You choose the organizations. Over time, we issue annual grants made in your name.
Better yet, designated funds ensure that your gift has maximum impact. Your funds will be managed as part of a diversified and high-performing investment portfolio. Our spending policy provides for grant distributions that have opportunity to grow annually. We even take care of redistributing your funds, should one of your designated charities go out of business.
Sally P. Oswald Memorial Fund. Sally and Charlie Oswald were active supporters of the arts, particularly the Owatonna Arts Center. They wanted to ensure that the Arts Center could continue its artistic programming long term. When Sally died, her husband Charlie established the Sally P. Oswald Memorial Fund in her memory. Over the years, the family has built up the Fund and is able to make a significant impact on programming for the Arts Center.
Marston Headley and Dorothy Stone Headley Fund. Marston and Dorothy Headley loved Northfield and were active volunteers in the community. Born and raised in Northfield, Marston also was the founder of the Northfield Historical Society and later served as president and treasurer. Upon their deaths, the Fund was established to provide annual support to the organizations they loved: Northfield Historical Society, Northfield Area Foundation and Community Action Center of Northfield.
