We’re grateful for 15 wonderful years in this business.
Yes! - 15 years
of supporting charities and donors across the country with their challenging donation questions, especially on how to benefit from charitable gift annuities and opportunities presented by gifts of appreciated illiquid assets.
Our recent conversations with almost 50 large charities were helpful in reinforcing the direction of our business:
- Opportunities: There is significant agreement that illiquid assets will continue to be a hot topic for donors as the Silent Generation and the Baby Boomers determine how best to support their philanthropy, healthcare in retirement, and their family legacies. Many surveys and prognosticators agree, and our business bears this out, as our inquiries and conversations with donation opportunities are on pace to jump 70% over last year.
- Threats: Along with the ever-present clouds of the economy and government regulation (which many of you feel are currently darker than in recent memory), the pressure to raise ever higher levels of donations to fund more charitable work, and the need to keep up with the nuances and complexities of these gift types, make this environment challenging. And your donors are savvy, high-net-worth folks who increasingly narrow their focus on maximizing the impact of their gifts.
But you know me – I love teaching, and I love problem solving! Opportunities are all around, and even the threats of our industry can be flipped to be possibilities.
In 2018, 85% of our
work involved business interests.
are one of our growing offerings, filling gaps in the direct services of many charities today, and where we grew our gift annuity pool assets by more than 30% this year.
Thank you for supporting us for these 15 years. We are in an exciting - and changing - time for philanthropy! The coach in me is always willing to travel to speak at training sessions and conferences – I truly enjoy meeting with our charity partners, and I love talking about this stuff.
Our best wishes for a great and rewarding Giving Season.