9 Things to Remember When Planning

A friend and fellow fundraiser handed me an article from the NonProfit Times with the comment that there are at least 2 David Hall's in the world of Planned Giving.  David C. Hall is Director of Planned Giving at the University of Arkansas and was a speaker at the AFP 50th International Conference on Fundraising.  You will find The NonProfit Times article at "9 Things to Remember When Planning" and in it David reminded us of some important points about planned giving:

• If you are not asking your prospects for planned gifts, someone else is.
• Eventually that "someone else" will steal cash gifts also.
• Cash-starved are the best times for planned giving.
• Those who even dabble in planned giving eventually earn 50% to 100% more than those who don't.
• The typical planned gift is 200 to 300 times the gift of a donor's largest annual gift.
• Planned gifts do not alter prospects' cash flow.
• Prospects are eager to make a planned gift but simply don't know how.
• Prospects making gifts through their will typically increase their annual support.
• Anyone can make a planned gift.

I added the emphasis to highlight the well-documented fact that some of the biggest objections to planned giving at local United Ways just aren't the case.  The University of Arkansas website is a good one to look over (even for an Alabama fan) and if you hear of another David Hall out there in planned giving, let me know.

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. 

Our Brochure

You can find a PDF of our brochure by clicking UWCA Legacy Gifts Brochure.  We put this brochure together with the idea of creating a piece that would remain relevant to our overall messaging for several years and focus on Legacy Giving as the next step in your United Way giving.  We wanted our focus to be on contributing to the next generations so that you will always be giving to United Way.  Ask our long time donors to consider endowing their annual gift has been a message that has worked well for us. 

The brochure was composed by our volunteers on the Legacy Cabinet and produced locally.  We wanted to limit the talk about different PG vehicles and instead focus on Legacy donors and why they choose to give to the endowment.  If you have a brochure I can share with others, please send me a PDF copy so I can post it.  As always you will receive all the credit, honors, and financial gains!

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.

2012 Bank of America Study of High Net Worth Philanthropy



Thanks to Joe Jerz, Senior Director of Campaign and Major Gifts at Heart of West Michigan United Way in Grand Rapids for sending out a link this morning to the study. It's only 7 pages long and I took a copy with me this morning on a visit to a Financial Planner.  It made a great impact piece for a conversation about her clients, our Tocqueville Society, and the endowment. 

Go to http://newsroom.bankofamerica.com/files/press_kit/additional/2012_BofA_Study_of_HNWP_-_Key_Findings.pdf

David

UWCA Forms

These are a couple of the donor templates we are using currently.  Believe me they change frequently, so we try to keep them flexible.  I'm uploading PDFs for space reasons and because I can link to them on Google Drive.  If you want the MS Office files, email me. 

If you click on the form name below, it should take you to the PDF on Google Drive.

Donor Agreement for Insurance Policies.  One of the things we learned on this form was not to refer to it as a Donor Agreement Form, because if you abbreviate the name, you get DAF which is also a Donor Advised Fund and the accountants complain.

TLC Commitment.  Our objective here was to keep things as simple as possible.  It has worked well and donors are more likely to give us the details we need if there is not alot of other information that needs to be filled out.

I am ALWAYS looking for better forms, so send me yours.

David