Scott Richards North Star Charitable Foundation

At North Star Resource Group, we stand behind and incorporate our vision, mission and values into daily functions. With origins tracing back over 100 years in the financial industry we have a long, established history of success. We believe it is important to recognize our success and return it to the communities we live in. Many of our advisors and team members are heavily involved with charities of their choice as well. We call it Paying it Forward and try to live and work by the words of our vision: Changing Lives, Forever®.

In 2004, North Star established our own foundation in order to maximize our charitable contributions. Based on personal experiences the North Star family has had, six causes were chosen as the focus of our foundation: Ataxia, Alzheimer’s disease, Bikes for Kids, breast cancer, Cystic Fibrosis and Myelofibrosis. In addition to strategic giving for these six diseases North Star is committed to recognizing and supporting our own employees’ volunteerism and charitable donations through an internal matching funds program.

North Star has made a commitment to donate 10% of its profits to the Foundation.

Scott H. Richards

Richards_Scott_2000_Web.jpgScott Richards, CLU, ChFC entered the financial services industry in 1986 and enjoyed a successful career as a Financial Advisor to business owners and other affluent individuals. In 1994 Scott joined the North Star Management Team as Vice President of North Star Resource Group. Scott’s key roles involved sales and marketing initiatives as well as North Star’s Business-to-Business Marketing and Advisor Recognition Programs. He was a member of the International Association of Financial Planners (IAFP), the National Association of Insurance and Financial Advisors (NAIFA) and President-Elect of GAMA International.

Scott and his wife Michelle were involved with various charitable organizations such as Feeding Children International with their children, Lauren and Nicolas.  He graduated with a Bachelor Arts from the University of Minnesota where he played for the Golden Gopher Varsity Football team. Scott lost a long and valiant battle with Myelofibrosis and Acute Myeloid Leukemia in 2008, but his legacy is carried on as a result of his philanthropy and compassion for others as well as his lasting influence within the financial industry. Following his death the foundation was renamed the Scott Richards North Star Charitable Foundation and continues to honor Scott’s legacy today.

Bikes for Kids

foundation.jpgWe host the annual Bikes for Kids event in Minneapolis, MN near our corporate headquarters each December. We joined with the Big Brothers/Big Sisters program to host a carnival-type event for an evening of fun. Line dances, face-painting, juggling acts, Minnesota Royalty, live marching bands and physical activities with athletes from the University of Minnesota are just some of the highlights available to youth ages six to 11. Many of these children come from a single-parent home and are looking for a positive role model, have a caregiver out of a job, or unsure of where the next meal is coming from. After the activities are complete the kids are surprised with bikes and helmets to take home with them.

Since 2004 North Star Resource Group has given away 2,800 bikes and helmets to disadvantaged youth. If you are interested in supporting Bikes for Kids, please contact us. We are able to source bikes and helmets for $75.00 per child.

Stop Alzheimer’s Now

Shaun McDuffee is a Senior Vice President of North Star Resource Group and has long been recognized as one of North Star's top financial advisors. He and his wife Kristin started a foundation earlier this year called “Stop Alzheimer’s Now”.   The purpose of the foundation is to help raise awareness for Alzheimer’s disease. Additionally, the foundation seeks to raise private funding that can be targeted to specific research initiatives that show the greatest promise for a cure.

McDuffee has a very personal attachment to Alzheimer’s disease. He has lost both of his Grandmothers to the disease and is currently battling Alzheimers’s with both his Mother and Father.


He decided that he was going to walk 3652 miles across the country to bring attention to this disease. The mission for the group is to walk in every state in the United States, (totaling 3652 miles) because Alzheimer’s will affect everyone in the US in some way!  According to the Alzheimer’s Association, 1 in 5 people in the US will be diagnosed with Dementia/Alzheimer’s in the next 30 years! 

The first walk took place in September of 2013. Volunteers walked 108 Miles from the tip of Cape Cod to Rhode Island. The Cape Cod walk was the first of about 25-30 walks he and the members of his division are going to do over the next 6-7 years. Shaun’s goal is to have a cure by the time he reaches the Pacific Ocean.

Alzheimer’s is one of the key Initiatives of the Scott Richards North Star Charitable Foundation and because of this the SRNSCF has dedicated a matching contribution for any North Star Team member or advisor who contribute to the Stop Alzheimer’s Now Foundation.  Our Foundation will match up to $50,000 this year.

How to get involved:

  • To follow the progress of the foundation click: Here 
  • The visit the official website for Stop Alzheimer’s Now click: Here
  • If you want to support the cause, Donate Now!
  • The goal of the Facebook Page is 100,000 likes to help better gain recognition for the foundation.
  • Here is the Stop Alzheimer’s Now Facebook Page