session 2. what is the average age of united methodists? of the u.s. population?
TRANSCRIPT
What percent of Americans do not have a will?
65%
What percent of Americans with children do not have a
will?
What percent of Americans do not have a will?
65%
What percent of Americans with children do not have a
will?
50%
Cash = 5% Assets = 95%
Wealth is held in assets. If you are asking from the cash bucket, you are asking from
the small bucket!!!
Image courtesy of Keerati at FreeDigitalPhotos.net
In Michael Rosen’s article on Myths,
Marketing and Facts of Planned Giving,
what 8 simple words does he recommend
to be used as a tagline as often as
possible?
“Please remember us in your
will and trusts.” Add this to your email signature
block, business cards, letterhead, newsletters, website, and anything else your church prints. This
simple sentence will allow you to plant the idea about planned giving
and will keep the message ubiquitous.
If everyone in your church tithed their estate, how
much do you estimate would be endowed in
the next 50 years?
Estimating your Church members’ wealth transfer
• Estimate $181,000 per member of wealth transfer
• Determine a final tithe for the total• Based on a 4% annual return on
investment, determine what income the church would receive every year
Church with 750 members
• $181,000 x 750 members = $135,750,000
• $135,750,000 x 10% (final tithe) = $13,575,000
• $13,575,000 x 4% return =
$543,000 / year forever for ministry
A generous church member left a $750,000 bequest to
the Decatur First UMC endowment fund for
scholarships for students affiliated with the church.
How much would you estimate has been given to student scholarships in the last 3
years?
What percent of
donors “indicated
they believe it is
appropriate for
nonprofits to ASK for
legacy gifts?”
70% OF DONORS WHO MADE PLANNED GIFTS DID SO
BECAUSE THEY WERE ASKED.
ASK, AND YE SHALL RECEIVE.
YE HAVE NOT, BECAUSE
YE ASK NOT.
Michael Rosen’s Benchmarks for a robust Planned Giving Program
1. Do bequest gifts to your church total at least _____ % of all charitable gift dollars each year?
2. How close are you to having _____ of your donors
making a bequest commitment?
Michael Rosen’s Benchmarks for a robust Planned Giving Program
1. Do bequest gifts to your church total at least 7– 9 % of all charitable gift dollars each year?
2. How close are you to having 1/3 of your donors
making a bequest commitment?