Thriving in Philanthropy: Establishing and Enhancing a Planned Giving Program

Thriving in Philanthropy: Establishing and Enhancing a Planned Giving Program
4:00 – 5:00 PM Planned giving should become part of your development efforts, regardless of your organization’s size, mission, age, budget, in-house expertise or prior giving history. Thinking about starting a comprehensive planned giving program? Want to improve and enhance your existing planned giving efforts? It is important to recognize that no matter how old the organization is or how limited the resources are, there are ways to begin (or improve) a planned giving program that can be enhanced over time. What is an endowment? What are the rules? Planned giving generally involves one of three gifting methods—current outright gifts, expectancies and deferred gifts. A common misconception in the planned giving industry is that all planned gifts are “deferred gifts.” Some planned gifts are structured to provide immediate benefits to the nonprofit organization, others provide deferred benefits to the organization and still others may involve a combination of methods whereby a current outright gift is combined with a deferred gift or an expectancy to achieve the donor’s philanthropic and financial objectives. What are planned gifts? What are charitable trusts? Before embarking on a planned giving program, written policies and guidelines governing the program should be developed. It is highly recommended that board approval be a prerequisite to the implementation of such policies and guidelines. What is a gift acceptance policy and do I need one? Session will look at legal and operational aspects of planned giving programs.