|
|
|
|
|
Welcome, |
eNewsletter
| September 2004 |
Welcome to the fifth issue of
the Planned Giving Pulse. This
month's issue is sponsored by
Legacy Leaders, a planned giving
firm with offices in Virginia, Orlando, and Toronto. We thank
them for their support and
invite other interested sponsors
to contact the Editor at
editor@plannedgivingpulse.com
Staying on top of current trends
and challenges is important to
us, so we frequently feature
guest authors. In addition,
anyone interested in serving as
a member of the Editorial Board
is invited to contact the
Editor.
"Man can find meaning in life
only through devoting himself to
society."
- Albert Einstein
(1879 - 1955)
Suggestions for future story
topics are always welcome. We
hope you enjoy this issue.
Leanne Hitchcock
Editor
Planned Giving Pulse |
|
|
CONTENTS |
|
September Editorial
-
How well do you sleep at night?
Standards of practice for the
charitable gift planner |
|
Bequests for Service Agencies
--- Feast or Famine
-
“Should Agencies
Stay Out of Planned Giving”? |
|
What
if charitable organizations
focused not on the latest tax
structured financial gift but on
their target members?
-
The Strategic Tax Planned Gift
By Tim Chimuk,DBA,CFP,TEP |
|
What the Annual Report on
Philanthropy for the Year 2003
says about giving bequests in
America - Giving USA 2004 |
|
Marketing Donations of
Securities
-
Planned Giving Design Center
buys online service to handle
gifts of stock. |
|
|
September
Editorial |
|
How
well do
you
sleep at
night?
Standards
of
practice
for the
charitable
gift
planner |
|
As fundraisers, part of our role is
to encourage and adhere to
responsible gift planning by
adopting standards of practice both
personally and in the institutions
we represent. The question is are
we doing it? Have we developed
ethical codes of conduct for our
individual organizations? Have we
adopted or adhered to professional
codes set out by the National
Committee of Gift Planners, the
Association of Fundraising
Professionals or other professional
organizations? |
|
To Read
Further
Click
Here... |
|
|
|
|
Bequests for
Service
Agencies--Feast
or Famine
|
|
Should
Agencies
Stay Out
of
Planned
Giving
by Ken
Ramsay |
|
In
August
2002,
Fred
Mathews,
then
with The
American
Red
Cross in
Seattle,
wrote a
stimulating
article
in
Planned
Giving
Today
entitled,
“Should
Agencies
Stay Out
of
Planned
Giving”.
He
concluded
that
service
agencies
quite
often
were at
a
disadvantage
because
of many
factors
and so
the job
of
finding
the
bequest
commitments
was more
“famine”
than
“feast".
Securing
bequest
commitments
from
agency
supporters
is
difficult.
Part of
the
challenge
is that
agencies
try to
appeal
to a
broad
spectrum
of
supporters;
almost
the
pursuit
of
quantity
versus
quality. |
|
To Read
Further
Click
Here: |
|
|
|
|
What if
charitable
organizations
focused not on
the latest tax
structured
financial gift
but on their
target members? |
|
The
Strategic
Tax
Planned
Gift By
Tim
Chimuk,
DBA, CFP,
TEP |
|
There is
a new
idea in
town.
What if
charitable
organizations
focused
not on
the
latest
tax
structured
financial
gift but
on their
target
members?
A
process
is
required
that
will
bring
true
value to
the
member
and the
charitable
organization
while
not
endangering
the
relationship
between
the two.
We can
then
begin to
utilize
allied
advisors
who
understand
the
importance
of this
strategic
process.
The
Strategic
Tax
Planned
Gift
process
created
a new
paradigm.
Instead
of a
commodity-
based
solution
that had
huge
dangers,
we
created
a
value-based
solution
with
wonderful
opportunities. |
|
To Read
Further
Click
Here |
|
|
|
|
What the
Annual Report on
Philanthropy for
the Year 2003
says about
giving by
bequest in
America |
|
Giving
USA 2004 |
|
Giving USA 2004,
researched and
written by The
Center on
Philanthropy
at Indiana University
and published by the
Giving USA
Foundation™ American
Association of
Fundraising Counsel
features 200 plus
pages on
Philanthropy in the
USA for the year
2003. In addition to
key findings,
sources and uses of
contributions, and
research findings,
the book also
includes substantial
sections outlining
the research
methodology
employed.
Of particular
interest to gift
planners is the
section on giving by
bequest found under
sources of
contributions. These
findings include:
-
Bequest giving
in 2003reached
an estimated
$21.60 billion,
an increase of
12.8 percent
over the revised
estimate of
$19.15 billion
for 2002
-
Overall
household net
worth –
including assets
held in
securities,
bonds, real
estate, and cash
minus debts –
increased in
2003 by 6.0
percent
according to an
analysis of the
Federal Flow of
Funds data
prepared by the
Boston College
Center on Wealth
& Philanthropy
|
|
To Read
Further
Click
Here |
|
|
|
|
Marketing
Donations of
Securities: |
|
Planned Giving
Design Center buys
online service to
handle gifts of
stock |
|
The
center,
at
pgdc.com,
provides
news and
information
about
planned
giving
through
the
websites
of more
than 120
nonprofit
clients,
mainly
community
foundations
but also
hospitals
and
universities.
Those
clients,
which
have
purchased
exclusive
licenses
to serve
geographic
regions
that now
cover 60
percent
to 70
percent
of the
U.S.
population,
now can
also
offer
AssetStream
on their
customized
pgdc.com
websites,
said Lee
Hoffman,
the
center’s
CEO and
a
co-owner
of
PhilanthroTec,
a
Matthews
firm
that
makes
planned-giving
software
for
professional
advisers
and
planned-giving
officers. |
|
To Read
Further
Click
Here
|
|
|
|
| |
 |
|
Planned Giving Pulse · 1750 Tysons Blvd.
· 4th Floor · McLean · VA
· 22102 |
|
|
|
|
