Insurance Policies in a Nutshell

Life Insurance Policies make up approximately 1/3 of the total gifts to our Endowment.  With over 100 policies, they can be both a blessing and a pain.  As a planned giving vehicle, a life insurance policy offers an tool for leveraging donor dollars.  However, underwriting, annual monitoring, and the accounting challenges can make them a very time consuming challenge for even the largest United Ways. 

You will find a 1 page overview of our governing policies for gifts of insurance by clicking HERE.  As always, I upload the documents to Google Drive and access is limited, so it's safe. 

Finally, if you are considering adding insurance policies as a planned giving option, seriously consider United Way Life. 

Great Resources from Kathryn Miree

Anybody in the planned giving world needs to visit Kathryn Miree's website at www.kathrynmireeandassociates[dot]com.  Go to the Resources Library and you will find a wealth of free information including articles, sample forms, and links to other good sites. 

Kathryn is a member of our Tocqueville Society and the Tocqueville Legacy Circle.  She is a part Board Chair and Chair of the Legacy Cabinet.  

Hope you enjoy(ed) your Memorial Day Weekend.

Gift Acceptance Policies

None of us should have to create policies out of thin air since there are so many excellent examples out there to retread.  Last year, a group of us from Resource Development and Finance got together to rewrite our Gift Acceptance Policies (GAP's).

The process went smoothly.

1. Individually we reviewed the old GAP's and marked everything we thought needed to be changed, deleted, or added.
2. We reviewed several examples from other United Ways.
3. We searched the web for good examples from other sources not UW affiliated
4. We took the best ideas from everyone else
5. We wrote the new policies.
6. Currently they are going through the review process with the Board committees

You will find a PDF of the final draft by clicking HERE! (By the way, I upload these documents to Google Drive and I am told this makes them safe from viruses or other infections that drive our IT guys crazy!).

We borrowed heavily from our good friends at United Way of Greater Atlanta and Bentley Marane.  They have great GAP's.  We also found the GAP's from LSU to be quite good.  If you want a list of all the different examples we used, drop me an email.