Transition Your Money group
The Transition Your Money group (TYM) works to organize individual/family investment in the vitality, sustainability, and diversity of the community in and around the St. Anthony Park neighborhood, rather than in the stock market or other distant purposes. We're creating spinoff groups and projects, too.
With community support, enterprises of all types and sizes are more likely to thrive.
The group meets monthly on 3rd Wednesdays via Zoom, 7:00–8:30 p.m. Our next meeting is Wednesday, Feb. 17, 2021. For a Zoom link, send an email in advance to Russelle@umn.edu. See upcoming meetings as events our Facebook page. (At some point we hope to again meet in person at Lori’s Coffee House, 1441 Cleveland Avenue N., St. Paul, next to the U of M's St. Paul campus.) For details or to join TYM's email list, email email@example.com.
TYM works with these guiding principles:
We plan to offer options for people at different stages of life and levels of wealth and income
We invest in this immediate geographic area and in a low-carbon future everywhere
We implement patient capital
We emphasize safeguarding of principal
We share experience and expertise among ourselves and with others
We partner with compatible community institutions
Join us and have a say in what we do! We're exploring self-directed IRAs and creating a real estate investment co-op similar to the Northeast Investment Co-op in Minneapolis. Current partner organizations include the St. Anthony Park Community Council, Creative Enterprise Zone, St. Anthony Park Community Foundation, Sunrise Banks, and Slow Money MN.
Sustainable agriculture interests many of us. At one meeting, Julie Ristau of the nonprofit Main Street Project showed us how its farm in Northfield is restoring land with poultry-based agroforestry that draws on the knowledge of its diverse community. Read a recent Park Bugle article about the farm.
Other resources of interest
Community investment funds: Funds that collect money from investors and use it to invest to improve the community. When sponsored by a nonprofit 501(c)(3) organization, such a fund can borrow money from non-accredited investors and invest it to further the nonprofit purposes, as stated in its tax exemption letter. Example: Our Katahdin investments, okinvestments.org.
Local investment networks: Groups organized to learn about local entrepreneurs that need investment capital. By establishing a relationship with a local business through the Network, individuals can make investments directly in that business without being an accredited investor. Example: Fund Milwaukee, http://fundmilwaukee.com.
C Notes: Small dollar bond-like investments:
Ours to Own: Small dollar bond-like investments:
Prepare and Prosper: Twin Cities group that works with low-income people on building emergency funds and financial planning: http://prepareandprosper.org.
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Local Dough investment club
Transition Your Money's first spinoff group is an investment club with a conscience. Local Dough members make monthly contributions, meet quarterly, and share knowledge and research to invest in co-ops and other generative enterprises.