In 2016 our cooperative established the Monadnock Cooperative Community Fund within the Twin Pines Cooperative Foundation (TCPF). This fund operates somewhat like an endowment, in that money contributed to the fund by our co-op and member-owners will be pooled with contributions from 40+ other cooperatives to support cooperative development throughout the United States. We donate the interest earned on these funds to non-profits of our choosing here in our community. For example, over nearly 20 years, the Hanover Co-op’s CCF has donated almost $200,000 to local nonprofits. Donating to this fund is a win-win strategy for supporting our community as well as supporting the growth of other co-ops.
Over a million dollars of these funds are deployed right here in New Hampshire through the NH Community Loan Fund, Cooperative Fund of New England and the ICA LEAF Fund. These three regionally based co-op organizations make loans to food, housing, worker and other types of cooperatives in our state. The funds invested by TPCF leverage over $30 million for cooperative development.
Monadnock Food Co-op seeded this fund in 2016 with $5,000, which was matched by a cumulative donation of $5,000 by six cooperatives we work with: Cabot Creamery Cooperative, Equal Exchange, Frontier Co-op, Organic Valley, National Co-op Grocers, and Capital impact. This fall, we will offer the option for Member-Owners to donate their patronage refunds from Fiscal Year 2019 to the Monadnock Cooperative Community Fund, ensuring the dollars they spend at our co-op continue to do even more good for our food system, our community, the cooperative movement and beyond!