Synopses & Reviews
Synopsis
With the current transfer of wealth by babyboomers, it is imperative that not-for-profit organizations focus on endowment building. The Time for Endowment Building Is Now: Why and How to Secure Your Organization's Future is a concise, easy-to-understand guide that focuses on the ultimate goal of the gift - to build the endowment of the respective not for profit organization. The book's objective is twofold: 1) to make the concept of endowment development clear and simple so that neither staff and boards of not for profit organizations nor their donors avoid it because of the opacity of the verbiage that surrounds it and 2) to describe the basic components of a successful endowment development program in order to illustrate how easy it is to put one into place. The book covers endowment contributions both through outright and deferred gift giving. It puts the concept of endowment development "front and center" and explains the steps necessary to build endowment capacity within an organization. The role and responsibility of the executive and the board in encouraging endowment development are described and a chapter is devoted to the identification of endowment prospects not through wealth analysis or "major" gift giving" but by donative history. A highlight of the book is a case study of the Harold Grinspoon Foundation's LIFE & LEGACY(R) Program that provides training and mentoring as well as incentives to local community-based organizations to encourage the building of endowment funds. The guidebook will be particularly appealing to boards and staff members of those not for profit organizations contemplating whether to launch an endowment program or in the beginning stages of doing so. The book will be of interest to those teaching fundraising courses in not-for- profit management programs.
Synopsis
The Time for Endowment Building is Now: Why and How to Secure Your Organization's Future describes endowment contributions both through outright and deferred gift giving. It puts the concept of endowment development front and center and explains the steps and mindset that are necessary to create the capacity to build and increase the endowment of an organization. The role and responsibility of the executive and the board in encouraging endowment development are described, and a chapter is devoted to the identification of endowment prospects not through wealth analysis or "major gift giving" but by donative history. A highlight of the book is a case study of the Harold Grinspoon Foundation's LIFE & LEGACY Program that provides training and mentoring as well as incentives to local community-based organizations to encourage the building of endowment funds. The book will be particularly appealing to boards and staff members of those not-for-profit organizations contemplating whether to launch an endowment program or are in the beginning stages of doing so. This book will be valuable to veterans in the field considering their policies in relation to the use of endowment contributions as well as the marketing of them to prospects and donors. It will also be of interest to those teaching fundraising courses in not-for-profit management programs.
Synopsis
Here's a concise, easy-to-understand guide to the objective of the philanthropic gift. This book emphasizes endowment building and eliminates the confusion built into the terms "gift planning", "legacy giving" and "planned giving". It focuses on the ultimate goal of the gift - to build the endowment of the respective not for profit organization.