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 bank customers an easy way to donate earned interest to charities they love.


LEADERSHIP

WILLIAM (BILL) DOLAN

Founder & Co-Chair

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 Neustar (NYSE: NSR) 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, Co-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, Lindquist & Vennum

Kevin co-chairs Lindquist & Vennum’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

BRUCE HANAVAN

President, Direct Commerce, Inc.

Bruce founded Direct Commerce, Inc., a San Francisco-based computer software and services company that counts The Home Depot, Merck & Co. Inc., and Wal-Mart Stores, Inc. among its Fortune 1000 clients.

Key skills and experience: Technology services, Financial accounting, Human resources, Computer architecture, Marketing and sales

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
  • John Bultena
  • Jed Gorlin, M.D.
  • Molly Greenman
  • Steve Hunegs
  • Sarah Lambert
  • Kelley Lindquist
  • Tim Marx
  • Stuart Mason
  • Malcolm McDonald
  • Hubert O'Bannon
  • Anita Pampusch
  • Jerry Rossow
  • Edward C. Schmults
  • Roy Terwilliger
  • Barbara Wendt

SOCIAL AMBASSADORS

  • Alec Painter
    Alec Painter is an IT professional, specializing in the legal field. Entrepreneurial-minded, Alex is currently developing a cloud cooking platform which he hopes will benefit individuals and families across the world. Alec plans to utilize his technical background and experience to help promote Interest For Others through social media and an expanded digital footprint.
  • Willie Roller
    Originally from the Lower Eastside of St. Paul, Willie comes from a family and community with deep activist and non-profit roots. With a passion for marketing, he is dedicated to assisting organizations that help communities thrive. Today, Willie is the Marketing and Communications Officer at The Family Partnership, and CEO and founder of WJRJ Industries, a marketing consulting firm serving small businesses and nonprofits.
  • Yolanda Wilson Vanveen
    A current law student and research assistant, Yolanda holds degrees in environmental policy, paralegal certification, and communications. She is a volunteer with the Minnesota Justice Foundation, Southern Minnesota Regional Legal Services, and LegalCORPS, assisting small business startups with intellectual property issues. A member of Wired magazine's "Admiral's Club" for social media, Yolanda's gardening videos have been viewed over ten million times.
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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: