The NonProfit Times - October 15, 2008 - (Page 12)

PLANNED GIVING Continued from page 11 MICHAEL PATTERSON they are named in a document and that the donor is still alive. Counting future gifts, she explained, helps the nonprofit steward the donor. BIPS has added a new feature that gives the nonprofit the ability to actuarially project those gifts, so the organization can report what future planned gifts are in the pipeline, when they are expected to come into the organization, and what they are worth to the nonprofit. Another feature of BIPS is that it helps nonprofits account for and collect on realized planned gifts in a timely manner.And finally, BIPS serves as a storage facility for all gifts that are collected, providing data access for financial, marketing and accounting purposes, resulting in the ability to generate real statistical data on donors. BIPS is moving to a database that will allow more stability and greater numbers of estates to be tracked, as well as planning a Web-based version of BIPS. Another firm involved in the planned gift administration area is Fiduciary Technology Partners, whose PGFundConnection system is described by President Sam Whittle as allowing federations and foundations to “integrate fully automated investment processing with federation recordkeeping.” He explained that the program is designed to help minimize “the daily back-office administrative work of running your planned giving operations. This platform allows clients to integrate existing custodians, investment managers, advisors and brokers to provide seamless processing of all investment-related activities and support daily reconciliation of these activities back to donor recordkeeping and general ledger entries.” According to Whittle, PGFundConnection supports gift solicitation and processing, investment management, donor recordkeeping and grant processing, tracking and reporting. “All of this is accomplished in a 100 percent real-time, Web-based environment providing all relevant stakeholders with unparalleled access to information,”he said of the New York-based company’s product. Projecting into the future, software advancements are certainly on the horizon. “I foresee a continued drive toward software integration, toward expanding and extending the ways that different software can talk to each other and leverage each other’s strengths,” said Pforzheimer.“I also foresee increased use of the Web as a software platform.” “The planned giving world and philanthropy in general are becoming more integrated into the overall wealth management Once planned gifts are received, they must be administered either by the organization or financial institution. Crescendo’s Admin and PG Calc’s GiftWrap are PCbased software products that administer gift annuities, including producing checks, tax forms and donor tracking. One firm that specializes exclusively in gift administration software is BIPS LLC. “BIPS starts with counting all future planned gifts,” said Susan DameGreene, president of BIPS, based in Salem, Mass. She defined a future planned gift as a donor who has told the nonprofit that Invested in your mission Successful planned giving programs have a number of things in common. A compelling mission is only the first. The planned giving world and philanthropy in general are becoming more integrated into the overall wealth management and planning of individuals and this trend will continue to drive development of software,” Whittle said. “Planned giving software will become more and more integrated into the online world and also the mainstream financial world in ways we cannot really foresee right now.” Although software has made the gift planner’s life much easier than in the early days of planned giving, Schultz offered some advice for fundraisers:“A gift planner is successful because he or she is able to build a bond of trust with donors,” he said. “This ‘high-touch’ relationship building by accomplished gift planners always will be an essential part of planned giving success.” In a high touch-high tech world “there are three ways that technology can help build a high-touch relationship. These are donor-friendly illustrations, gift-closing help and gift education,”he said.“Gift planners with all three capabilities will maximize the bond of trust with donors and work effectively with their professional advisors to close major gifts.” NPT PG Calc has contributed to the success of literally thousands of planned giving programs, and we know what their strengths are. They have the ability to communicate their missions with clarity and depth. They have the tools to illustrate gifts in ways that appeal to donors and prospects. They have the infrastructure to manage the planned giving process smoothly and efficiently. And they have gift administration capabilities that accentuate their good stewardship. If you’d like to develop your capabilities in these areas, we can help. After all, one of the things a lot of successful planned giving programs have in common is their relationship with us. OUR AREAS OF EXPERTISE CONSULTING MARKETING CALCULATIONS AND PROPOSALS EDUCATION GIFT ADMINISTRATION 888-497-4970 www.pgcalc.com info@pgcalc.com 12 OCTOBER 15, 2008 THE NONPROFIT TIMES www.nptimes.com http://www.pgcalc.com http://www.pgcalc.com http://www.nptimes.com

Table of Contents Feed for the Digital Edition of The NonProfit Times - October 15, 2008

The NonProfit Times - October 15, 2008 Wall Street Meltdown Charities Hope To Rev Giving When To Say 'Thanks' Contents Paul Newman: It Was Always His 'Own' Safe Donations Uneven Performance Answering Donors' Questions Business Briefs Going Back To School Doesn't Require A Classroom Anymore Webinars Bring Professional Training To The Office Should The Ungodly Bright Lead Philanthropy? The Tough Economy Calendar NPT Jobs Resource Directory

The NonProfit Times - October 15, 2008

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