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Volunteers
Consider writing job descriptions for your volunteers. It will help them understand their roles within your organization and make their time and yours more productive and keep them coming back. Remember, most volunteers are also donors.
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The Charitable Partnerships Organization was founded in 1999 to serve the three principal components of the American philanthropic community. Specifically,
contributors, not-for-profit organizations and businesses. Each year 40,000
new NFPs join the 1.5 million current organizations actively engaged in
gathering and distributing nearly a billion dollars a month. Charitable
Partnerships serves this vital community through a nationwide network of
over 500 fund raisers, financial advisers, attorneys and other professionals.
We also created and maintain this web site as a means of keeping all the
constituencies of the rapidly expanding charitable giving community in
touch with one another and providing essential products and services to our NFP members.
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After her husband's death a woman we worked with owned the family farm alone. He had bought the land for a $1 per acre when he came home from WWII. Although there was a tenant farmer, most years her share of the crop was worth less than $2,500.
She lived in one state and the farm was in another, which would complicate her estate. There would be also be significant capital gains to be paid and the total value of the farm mean the estate would be subject to estate taxes. This meant less would be available for her children and other heirs.
Her church and her college were important to her and she intended to remember both in her will. We suggested an approach using a planned giving donation that offered many immediate advantages to her and deferred advantages for her estate.
The farm was donated to the college, which then sold the property to fund a charitable remainder trust. With the mandatory annual payment she received from this trust, a life insurance policy was purchased naming her congregation as the beneficiary.
Since the farm was donated to a non-profit organization, there was no capital gains tax. Her gift credit was based on the current appraised value of the land. As a result, she was able to not pay individual taxes for the next several years of her life.
Finally, since the farm was no longer part of her estate, it fell under the maximum amount which could be passed to her children and heirs without estate taxes. Her children knew that their mother cared about these two organizations and chose to name them as recipients of memorial gifts.
The college and her congregation each received a legacy gift in excess of $50,000 at her passing. There is now a permanent scholarship fund at the college in her name and the library at her church has been named in honor of her husband.
Whether it's fundraising, Planned Giving or Legacy Planning, creative and caring solutions like the one above can be yours through the CPOrg. Allied Professionals network.
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