LEGACY GIVING at the nahs

Legacy Giving provides annual funding in perpetuity from sustainability managed endowment funds administered by Essex County Community Foundation (ECCF). Each endowment fund supports a specific program at the North Andover Historical Society (NAHS).

Currently our endowment funds are:

  • THE EDUCATION FUND

  • THE COLLECTION FUND

DONATE TO OUR ENDOWMENT FUNDS

your support makes the difference

North Andover Historical Society is a private, not-for-profit, 501(c)(3) charitable organization and is funded through the generous support of individuals, foundations, and corporations. Gifts to the North Andover Historical Society make our mission possible!

Your support makes the difference. Gifts of all amounts help to support our Education and Collection Endowment Funds.

Please give to today to help us to continue to create excitement for our shared past, present, and future!  
3.4% Cover the Fee

DONATION BY CHECK:
Make checks payable to “NAHS” and mail to:
North Andover Historical Society
800 Massachusetts Ave
North Andover, MA 01845

Check Notation: Endowment Fund Donation
Specify: Education or Collections

GIFT OF SECURITIES: To make a gift of securities, please contact us for the stock donation delivery instructions.

Your donation is considered a tax-deductible contribution to the North Andover Historical Society: EIN 04-2259628,
a 501(c)(3) non-profit organization and is deductible to the fullest extent of the law.

creatE a new ENDOWMENT fund

WORDING OPTION #1: You may create a specific named fund at ECCF to benefit a NAHS program with a minimum gift of $25,000 in stocks or cash.

WORDING OPTION #2: If you want to provide annual funding in perpetuity for a specific society program or initiative, you may create an endowed fund to benefit NAHS at ECCF. The minimum gift is $25,000

Please fill out the form if you are interested in creating a new endowment fund and we will reach out to you shortly with more details.

Thank you for your consideration.

frequently asked questions (faq)

  • You may make a donation in any amount to our current Endowment Funds (The Education Fund or The Collections Fund)

    DONATE HERE.

  • An endowment fund is a permanent pool of invested assets. The original principal—the "corpus"—is held indefinitely, while a set portion of the investment earnings is distributed annually to support the organization's mission. It functions like a perpetual savings account, providing reliable long-term financial stability.

  • How Endowments Work

    1. The Principal: Donors contribute cash or assets with the legal restriction that the principal cannot be spent.

    2. Investment & Growth: The funds are invested in stocks, bonds, or other vehicles. The principal grows over time through market appreciation and reinvested earnings.

    3. Payout: Each year, the nonprofit withdraws a specific, prudent percentage (often 3% to 5%) of the fund's total value to fund operations or specific programs.

  • Key Types of Endowments

    • True (Permanent) Endowments: Created by a legal agreement with an outside donor. The restrictions are permanent and legally binding.

    • Term Endowments: Similar to true endowments, but the principal can be spent or released after a specified period or specific event occurs.

    • Quasi-Endowments (Board-Designated): Created by the nonprofit's own Board of Directors using general operating surpluses. Because the board created the fund, a future board can vote to dissolve it and use the principal if needed.

  • The minimum gift for a new endowment fund is $25,000 in cash or stocks. To create a NEW FUND, Fill out this form

    ECCF now accepts cryptocurrency donations to further elevate your giving.

    There is no minimum if you wish to make a donation to a current fund. DONATE HERE.

  • Fill out this form and our Director (Joanna Collantine Kerr) will reach contact you in a timely manner.

    The minimum gift to establish a new Endowment Fund is $25,000 in cash or stock.

    ECCF now accepts cryptocurrency donations to further elevate your giving.

  • ECCF stands for the ⁠Essex County Community Foundation, a major philanthropic nonprofit organization headquartered in Beverly, Massachusetts. Established to serve all 34 cities and towns in Essex County, ECCF acts as a central hub for regional giving to improve the quality of life for the county's 800,000+ residents.

  • Here are a few key things ECCF does:

    • Nonprofit Support: They provide critical grants, educational resources, and strategic support to the thousands of nonprofits operating across Essex County.

    • Philanthropy & Donor Services: They help individuals, families, and businesses establish charitable funds (like donor-advised and scholarship funds).

    • Community Initiatives: ECCF leads collaborative, systemic change projects tackling major regional issues, such as affordable housing, digital equity, the arts, and veterans' support.

    • Community Response: They manage funds specifically designed to rapidly distribute flexible money to cash-strapped nonprofits meeting essential needs like food and shelter.

    • Cash

    • Stock

    • Cryptocurrency

    • Real Estate and Personal Property

    • Transfer an existing Donor Advised Fund

    • Qualified Charitable distribution from IRA

    • Convert a private foundation

    LEARN MORE HERE.

  • Yes, you may choose from any of the following options:

    • General Fund

    • ESG Fund

    • Money Market

    • Financial Advisor Program

    LEARN MORE HERE