Healthy, well-funded charities are critical to healthy communities. While many Arizona charities are effective, they often survive on small annual gifts, neglecting critical planning for long-term growth and continuity.
Ensuring a sustainable financial future
Low endowment balances, coupled with a lack of understanding on the part of nonprofit Boards as to the importance of planned giving, can lead to programmatic instability. Endowments enhance financial stability and allow charities to focus on delivery of quality programs. The organization becomes more effective when Boards and staff can build the needed capacity to develop planned gifts.
A sustained effort that cultivates planned gifts from long-term constituents can secure the financial future of a nonprofit organization. Staff members who represent the participating organizations and their AEBI mentors attend regular training sessions to discuss a variety of topics including:
- Planned giving and endowments.
- The organization’s case for endowment support.
- Cultivating and soliciting prospective endowment donors.
- Policies for gift acceptance, windfall, investment and spending.
- Marketing strategies for planned giving and endowment building.
- Reporting and measuring success.
- Prospect identification, marketing, cultivation and solicitation strategies.
- Engagement and involvement of board members.
Volunteer mentors who are development professionals or estate planning experts will work with participating nonprofit organizations throughout the program. Each charity has an assigned mentor who attends regular training sessions and shares knowledge and experience along the way.