Wealth Transfer

Time to get your planned giving act together!

Related imageBaby boomers getting older….

The wealth transfer is coming….

Blah, blah, blah.  The same old, same old and no real difference in the numbers for planned giving.  Right?

I know what I am about to say is self-serving (this is a blog and I’m constantly promoting myself and my services) but if you have a minute, read what I am about to write carefully.

The estate tax exemption just doubled (i.e. people can leave more to family estate tax free).  Bad for planned giving?

Wrong. Amazing for planned giving!!!

Why?

People with means are going to their estate planning attorneys.  Considering options. Redoing their estate plans.

How often does this happen with your typical planned giving prospect?  You usually have no idea unless someone tells you.

So, I am telling you this (from my estate planning practice – more than half of my business):  your wealthier donors are meeting with their estate planning attorneys NOW.

That means NOW is the time to make sure they are considering YOUR institution for some sort of planned gift!

In other words, you need to wake up your sleeping planning giving program. You need to train your staff (click here to see more on my upcoming training!). You need to put some budget towards planned giving.

Meaning: it’s time to get your planned giving act in order! The boomers will start moving on. There are a lot more of them than their predecessors and they actually have a lot of money.  Planned Giving will grow dramatically in the next few years.  You and your organization need to get ready!

Watch Free Webinar on the Great Wealth Transfer

 

Check out this free webinar on the Great Wealth Transfer!  (NOTE: the first minute or two didn’t get recorded but it picks up on the first slide)

If you have any interest in receiving a copy of the actual powerpoint (with slide data accessible) please email me at jonathan@plannedgivingadvisors.com.

Also, don’t forget to check out our summer planned giving training programs!

The Planned Giving Boot Camp (starts July 12th)

Beyond the Planned Giving Boot Camp (part II of the Boot Camp) (starts July 20th)

Thank you as always for checking out our programs!

 

 

 

 

 

The Great Wealth Transfer Finally Here?

For years, I’ve been working on a powerpoint slide showing the tidal wave of the Great Wealth transfer (in projected numbers, of course) finally arriving.

I am not quite there yet on that particular slide but I have started to cull together very interesting data that shows the waves are beginning to swell!

Got your attention?  This Thursday I am giving a FREE webinar for Donor Search on this topic – CLICK HERE TO REGISTER!

Here is the rest of info on the free session:

Thu, Jun 30, 2016 1:00 PM – 2:00 PM EDT

20 years after the infamous Boston College predictions were made, are we finally seeing signs of the Great Wealth Transfer? Jonathan Gudema, planned giving blogger and obsessive, will present key statistics from the most recent sources including higher education VSE/CAE surveys, Giving USA, the IRS and more – all indicating that Planned Giving is on the rise.

An attorney and fundraiser, Jonathan has over 19 years of experience working with and advising non-profit organizations on planned gift arrangements and tax-advantaged charitable estate planning options.

 

Careers in Planned Giving – Intro

Wealth Transfer ProphecyFor close to 20 years, I have counseled colleagues into whether to join the planned giving field. Some have made it while many have not.  This post is the first in what should be a long series on this topic.

For an intro, let’s assume that we all agree that the fundraising world is sitting on a precipice – huge swaths of most fundraising databases are filled with babyboomers!  Let’s not forget that people do not work or live forever – so giving doesn’t continue forever either.  A scary prospect for most organizations but there is an answer to soften the blow: planned giving.

So, planned giving – which as a career option has taken its hits over the past two recessions – is poised for growth!  That means more and possibly better jobs – either as planned giving specialists or fundraisers with strong planned giving skills.

That being said, if you have not been working in or around the field, you are a long way from breaking into this area.  My goal with this series of posts is to breakdown the profession, define it clearly, lay out potential job options, job skills necessary to work on, and interim steps to be considered along your career path.

Here are my initial blog post that I am mulling over:

  • What is planned giving from a career perspective?
  • Is the great wealth transfer really coming and will it be great or a dude?
  • Who should be looking into planned giving and who should be looking to add it to their skillset?
  • Getting a job in planned giving or one with significant planned giving responsibilities
  • The planned giving job market – a realistic assessment

What do you think?  Please add your comments! And, forward to friends who might be candidates for a job change in this directions.