Endowments Now! and here’s why….

by Heidi Sadowitz Hauptschein, Bloom Metz Consulting

Bloom Metz partner, Seth Bloom, recently wrote an article titled, Endowments Now! which was published in the Summer 2011 edition of Partners for Sacred Places, (a nonprofit organization that  helps to preserve the use of older sacred places).

Many nonprofit organizations are feeling the pinch of the strained economy and we feel it personally as well.   Although this seems counter intuitive, NOW is the best time to focus on building or establishing for the first time Planned Giving  Programs.  As baby boomers are aging they are speaking and working with financial advisers on how to maximize their estates.  There  are many ways donors can make planned gifts and get significant tax benefits.  Here are some quick thoughts:

1.  Endowment giving provides alternative to your loyal donors.  – After all bequests, which are the most common form of planned giving, do not cost your donors anything in their lifetime.

2. Your prospect pool is right in front of you and prime for the conversation. – A little education about the simplicity of a bequests can go a long way.

3.  If you’re not speaking with your donors, another organization will!

The list of reasons can continue but for right now, this is the right time to start to focus on building or creating a Planned Giving program for your nonprofit organization.  Visit our web site www.bloommetz.com

We would love to get your thoughts!  Leave a message and we will get back to you!