The largest gifts available to non-profit organizations are planned and deferred gifts. These are often associated with endowments and special purpose campaigns. Planned gifts can help ease the effects of the economy on charitable giving, "endow" the annual gifts of the most generous donors, and create a means to fund increasing operating costs at the same time that governmental funding is decreasing. Many organizations anticipate needs for future programs that relate to their purpose but lack funding. They know that the need is likely to exist on a long-term basis. Planned gifts can secure the future.
For all these reasons, a portion of fundraising resources should be devoted to planned or deferred giving. Farr Associates' approach is donor centric and tailored to each organization. We know that the wealthiest donors are more concerned with leaving a legacy and making a difference than they are with tax incentives. We have found that faith based non-profit organizations are uniquely positioned to help their donors find meaning and have impact through their philanthropy. Farr Associates consultants can help make the connection between an organization's mission and ministry and donors' personal mission interests.
Farr Associates Consulting LLC will help build the infrastructure that will increase income from planned gifts. We help organizations:
set up policies, procedures and systems to handle gift acceptance, permanently restricted gifts and named funds;
Target planned gift prospects and identify those most likely to give;
Market planned giving opportunities;
Provide good stewardship to legacy and endowment donors.
The most common ways a donor can use planned and deferred gifts to fund their legacy involve:
Gifts of property, such as securities and real estate;
