This story is slowing making the rounds about T. Boone Pickens, Oklahoma State U. and their big insurance debacle. It was a debacle from the start, as far as I was concerned. In short, around 2007, OSU and Pickens were snookered into buying what they thought was going to be $350 million in life insurance...
You have to read this planned giving mystery! It’s another twist – a huge one – in the Huguette Clark story, if you have followed this planned giving tale. http://openchannel.msnbc.msn.com/_news/2012/03/15/10693680-the-10-million-degas-ballerina-heiress-huguette-clark-and-the-tax-man A few years ago, I personally thought Ms. Clark’s story would go away quietly being that she was living anonymously for over 20 years in...
Here is another worthwhile post from Phyllis Freedman that I recommend checking out: http://www.smart-giving.com/plannedgivingblogger/bequests/show-em-that-you-know-em/ It’s about the little touches that all planned giving programs absolutely most get right to fully realize bequests and other revocable planned gift commitments. These revocable gifts, the overwhelming bulk of planned giving dollars as far as I have seen, require...
Check out this short blog post from my friend Phyllis Freedman at SmartGiving: http://www.smart-giving.com/plannedgivingblogger/bequests/dont-know-much-about-geography/ It reminds me of the great value of legacy society luncheons (or teas or dinners or whatever works for your crowd) for typical planned giving programs. Not only is the event itself an opportunity to reconnect with planned giving donors (and...
As a follow-up to yesterday’s post on the Chronicle of Philanthropy’s top 50 mega donor list from 2011, read this classic planned giving tale that resulted in a $30 million bequest to a community hospital: http://philanthropy.com/article/2012-Philanthropy-50-Donors/130542 Anyone in the planned giving field can testify to numerous times people showing up at the nonprofit’s door or...