Building permanent endowments is a priority for many charitable organizations. Endowment revenue can serve as a hedge against inflation and help pay for the rising costs of an organization. Some lenders may also consider an organization’s endowment size when determining suitability for loans or bond ratings. Organizations with endowments often promote them as an aspect of institutional prestige and long-term sustainability. This stability can leverage additional financial support by those who regard their gift as a perpetual investment in an important mission. Endowments also receive loyal annual and major outright gifts and the residual of deferred planned gifts. For all these reasons, it is important for the gift planner to understand what an endowment is, how it is created and the special rules that apply to endowments so that you are not gambling your organization’s future!

Phil Purcell has enjoyed a thirty-year career in planned giving and as counsel to nonprofits. He currently serves as the Director of Planned Giving for the Central Territory of the Salvation Army. In this role, he is the directional leader of over thirty planned giving officers in eleven states who close approximately $90 million in planned gifts each year.

Phil serves as Editor for Planned Giving Today, a monthly national publication, and on the editorial board of Giving USA. He is legal advisor for the Community Foundation Legal Help Desk, a national online subscription service. He teaches law of nonprofit organizations, law of philanthropy, and planned gift fundraising for the Indiana University Maurer School of Law, Lilly School of Philanthropy, The Fundraising School, and the American Institute of Philanthropic Studies of California State University Long Beach. Phil maintains an active consulting practice specializing in planned giving and nonprofit law.

You will receive a Zoom link prior to the meeting

Date: January 28, 2025

Time: 9:00 -10:00am P.T.

Location: Zoom

NWPGRT and AFP Members | $10

Nonmembers | $20