Northfielders have a proud tradition of preserving and passing on their stories for the education and enrichment of future generations. As today’s stewards of history, we can take great pride in carrying on Northfield’s commitment that history matters. The history we save and the history we make will be our legacy to the future.
You are invited to partner with the Northfield Historical Society to collect, preserve and record history by making a current or deferred gift to the Society’s endowment. Your gift will provide ongoing support for the Society’s programs and benefit future generations for years to come. If you are interested in making a Legacy gift please contact the Executive Director at 507-645-9268.
Types of Giving
Leave a gift specified to NHS in your will. If you are interested in restricting your gift please contact the Executive Director, or the gift can be unrestricted. Bequests that are not restricted can be placed in the Museum’s General Operating Fund or the Endowment fund, so be sure to make a designation of your bequest if so desired.
Cash gifts, either restricted or unrestricted, to NHS are always welcome. If cash gifts are unrestricted they will be used for general Museum operations. NHS places all memorial contributions into the Society’s general operating fund, unless a donor specifies another purpose. The society has several donation fund options:
Next Level (Building Restoration) Fund
Artwork, jewelry or other personal property can be donated or given as a bequest to the Historical Society. If the property has appreciated in value, there is a distinct tax advantage to contributing these items to NHS. A charitable deduction can be claimed for the value of the items at the date of gifts, subject to the current tax laws.
Gifts of stocks and bonds to the Endowment Fund can offer a two fold benefit to you if their value has increased from the time you acquired the security. Under Existing tax regulations, you are entitled to a charitable deduction equal to the value of the securities at the date of the gift, which may reduce taxable income. In addition, you will not be liable for capital or ordinary gains tax on the difference. Securities can be transferred by your investment broker to our legal name.
As with any gift of appreciated property, a gift of real estate may generate a charitable deduction for the full fair market value. There would be no tax obligation on the difference between the full fair market value and the tax basis. All gifts of real property must be approved by the NHS Board of Directors prior to acceptance of the property.
If you are interested in making a gift to NHS, please contact Executive Director Cathy Osterman at 507-645-9268.