It’s a simple yet powerful idea. What if many people combined their earned interest and donated it to charity?

Like a lot of good ideas, Interest for Others Foundation started with a good question. Could something great be done with earned interest?

In 2013, retired attorney Bill Dolan was struck with that question and bright idea. Make it easy for people to donate their earned interest to charity, and by adding together their small amounts, empower them to make a big difference for others. That‘s how Interest for Others Foundation was born. It’s a little way to do a lot of good.

“By joining together and donating our earned interest we can massively impact charitable giving. Interest for Others turns small interest amounts into meaningful receipts for charity.”
—BILL DOLAN, FOUNDER

OUR MISSION

Interest for Others Foundation encourages generosity and community spirit by giving financial institutions' customers an easy way to donate earned interest to charities they love.


LEADERSHIP

WILLIAM (BILL) DOLAN

Founder

Bill founded Interest for Others in 2014 with a vision to transform charitable giving through the donation of earned interest to charity. A retired attorney, Bill worked for the Securities and Exchange Commission, in private practice, and as President of a securities broker-dealer. He has been a Securities Investor Protection Corporation Trustee and a trustee/director of numerous nonprofits.

MARK N. GREENE, Ph.D

President & CEO

Mark's vision for Interest for Others is grounded in his experience as a former financial technology executive with experience leading and growing complex global businesses. Prior to joining IFOF, he served as CEO of OpenLink Financial, CEO of Fair Isaac (FICO), and was a senior executive at IBM. He is a Director of Blue Zones and Walker Art Center.

MOLLY SCHLOBOHM

Program Manager

A former English teacher and writer, Molly has a wide range of nonprofit experience. She serves on the board of The Family Partnership and previously served on the board at Friends of Wolsfeld Woods and the Community Leadership Council at St. David’s Center. Molly has also utilized her project management and marketing skills as an interior designer and small business owner.

BOARD OF DIRECTORS

JOHN JAMES, Chair

Lawyer and Public Policy Developer

A Twin Cities lawyer, John has helped create the Department of Revenue’s Appeals Office, several tax reforms, the original Minnesota Limited Liability Company Act and the Interest on Lawyer Trust Accounts Program, which sends interest on lawyer trust accounts to charity, much as the Interest for Others Foundation seeks to make possible for all interest income.

Key skills and experience: Income tax law, Public policy, Government relations, Financial accounting, Conceptual program design

SHELLEY CARTHEN WATSON

Senior Associate General Counsel, University of Minnesota

Shelley is responsible for providing legal advice and counsel for the University of Minnesota, a public research institution with over 30,000 employees and twenty-four bargaining units. Prior to the University, Shelley was a partner with the law firm of Robins, Kaplan, Miller & Ciresi and served as Executive Director of the Hennepin County Bar Association and Hennepin County Bar Foundation.

Key skills and experience: Business litigation, Employment counseling, Nonprofit governance

J. KEVIN COSTLEY, Secretary

Attorney, Ballard Spahr LLP

Kevin co-chairs Ballard Spahr’s financial institutions practice group. His principal focus is mergers and acquisitions, reorganizations, and regulatory developments for independent community banks in the upper Midwest.

Key skills and experience: Community bank mergers and acquisitions, Bank regulatory matters, Corporate governance, Dispute resolution, Corporate restructuring

BARRY LINDQUIST

Retired Co-founder/Partner Lakeside Capital Management

Barry spent 22 years with Citibank in a variety of corporate and private banking positions in New York and Minneapolis prior to co-founding Lakeside Capital Management.

Key skills and experience: Finance, Capital markets, Investment/credit process, Commercial banking, Marketing/sales

BENJAMIN S. OEHLER, Treasurer

Founder and President, Bashaw Group, Inc.

Ben is an advisor to private and public companies. His experience includes public offerings and private placements of debt and equity securities, mergers and acquisitions, fairness opinions, and valuations of private companies.

Key skills and experience: Strategic planning, Capital markets, Investments, Governance, Corporate social responsibility

JAMES J. PHELPS

President, Northcrest Corporation

Jim is the sole shareholder of Northcrest, a real estate investment, asset management, and advisory firm. Current advisory clients include M.A. Mortenson Company and The Churchill Companies.

Key skills and experience: Finance, Nonprofit governance, Public policy, Alternative investments, Capital markets

NIKKI SORUM

Divisional Vice President, West Division, Thrivent Financial

Nikki leads the West Division of Thrivent Financial, which includes approximately 700 financial representatives across 9 regional offices. Prior to joining Thrivent, Nikki served as Senior Vice President for RBC Dain Rauscher. Active in the community, Nikki also serves on the board of Twin Cities Habitat for Humanity.

Key skills and experience: Strategic planning, Marketing/sales, Investments

LYNNE THOMPSON

Public Relations Consultant

Lynne was director of public relations for Fairview Health Services and before that served in a similar capacity for Park Nicollet Clinic.

Key skills and experience: Public relations, Marketing, Fundraising, Governance, Human resources

ADVISORY COUNCIL

Teresa Bonner
Family Philanthropy Advisors

Susie Brown
Hennepin County Bar Association

John Bultena
First Trust Company

Morgan Fleming
Minnesota Workers Memorial Trust

Jed Gorlin, M.D.
Memorial Blood Centers

Molly Greenman
The Family Partnership

Steve Hunegs
Jewish Community Relations Council of Minnesota and the Dakotas

Sarah Lambert
The Baldwin Foundation

Kelley Lindquist
Artspace, Inc.

Tim Marx
Catholic Charities of St. Paul and Minneapolis

Stuart Mason
University of Minnesota

Malcolm McDonald
Community Service Consultant

Anita Pampusch
City of Lilydale

Jerry Rossow
Rossow & Associates

Roy Terwilliger
Minnesota Bankers Association

Meg Warder
Black Hills Central Railroad

Barbara Wendt
Equinox Group

INSTITUTIONAL SUPPORT

  • Alexis de Tocqueville Society Philanthropy Fund
  • The Baldwin Foundation
  • The Bank of Elk River
  • Bartol Charitable Foundation 2
  • Bassford Remele, P.A.
  • Bluestem Holding, L.P.
  • Briggs and Morgan
  • Carolyn Foundation
  • The Churchill Companies
  • Clifton Larson Allen
  • Douglas & Wendy Dayton Foundation
  • Family Philanthropy Advisors
  • The Financial Services Consulting Group
  • First Trust Company
  • Gray Plant Mooty Foundation
  • Hubbard Broadcasting
  • Lakeside Capital Management
  • Lindquist & Vennum
  • Minnesota Philanthropy Partners
  • Parr McKnight Wealth Management Group 
of Wells Fargo Advisors
  • Rapids Fund of the MN Community Foundation
  • Thrivent Financial
  • Tilka Design
  • United Way of Greater New Haven
  • U.S. Bank, NA
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We need your support too!

As a non-profit, Interest for Others Foundation also relies on donors to make our work possible. Your donation will help us build our infrastructure and cover the cost of transaction fees so together we can grow the movement—sharing interest with more charities and impacting more communities.

GIVE TO INTEREST FOR OTHERS

Donations to Interest for Others can also be made through Amazon Smile and ThriventChoice.

Interest for Others Foundation is a 501(c)(3) public charity, recognized by: