Three steps to finance your project
1. Select an insurance agent
This fundraising idea is an annuity, an annuity can be placed in a licensed insurance agent. I would suggest selecting an insurance agent from outside the organization. Look for agents to excise, ChFC AUG or professional degree.
My experience is that you have a question to the difficulties when you use an insurance agent who is on board and active in her case. Opportunities are many insurance agents do not want to choose for all harmful to the city. Resist the temptation to spread over several agencies, if you want to keep things simple.
Those in the insurance for 35 years, here is my reasoning: If the agent within the organization expects to earn commissions from the fund-raising idea that would be the concept to the organization long ago.
2. Communicate Fund Idea Dissemination
Prospects for this fundraising idea as senior members of your organization group. They must be age 70 or older. Older donor, the higher the benefit.
Here is a simple overview of the fundraising techniques.
a. A person is in cash or highly appreciated assets.
b. If the asset is donated, your organization sells the property and pay no sales tax.
c. Part of the proceeds from the sale of purchased single premium immediate annuity for the life of the donor.
d. Your organization keeps the difference and you can finance your needs.
e. Donors receive a tax deduction, which can be spread up to 6 years, if necessary.
f. Donor receives a guaranteed income and life. Yield, which represents income is usually much higher than the receiver.
g. The result is that the donor receives a tax deduction, and increased revenue. Your non-profit will receive direct cash.
The mediator can help with the submission of this fundraising idea for your constituents. This is his strength. Many types of media can be used to the idea, for example, the mailing, the place on their website, seminars, or audio CD described the benefits.
3. Set simple administrative procedures
Mechanically, that's the whole idea of an increase in fund flows:
a. Your organization uses the money or the proceeds from the donated asset to buy a single premium immediate annuity for the donor. A flat plate is usually required, signed by the donor to insurable interest. A one-page agreement, which is in accordance with the laws of the State defines the obligations of each party.
b. Each month, your organization receives a check from the insurance company for each donor.
c. Your organization may approve the following checks on each donor or on a separate check. This process is very simple. It is only a few new items in the accounting system.
Summary
Can this fundraising idea as a charitable gift annuity. Many national non-profit organizations have annuity gifts. Although most small non-profit organizations not. This is the power and simplicity of this fundraising idea. It is simple, easy, and your organization receives the money immediately after the completion of each transaction.
National gift annuity programs fund your program immediately. Furthermore, national programs may not realize any profit, while a person dies, then the profit goes to the Treasury, born of your organization.
If you are involved in the charter school, church or non-profit, here is how the number could work.
Let us assume that there are 500 supporters and fundraising idea applies only to 2%, or ten people. Further assume that the range of gifts between $ 10,000 and $ 50,000, while the average is $ 25,000.
This would be $ 250,000. Cost of immediate annuities vary according to age, but let us assume that the price is $ 125,000. To $ 125,000 in your organization down.
These Simple Fundraising Ideas calls the average person. Donor financial benefits in two ways: a tax deduction and guaranteed lifetime income. In addition you get to see the outcome of their donation. Your organization receives a large inflow of funds quickly urgent necessity. This fundraising idea is a win-win for everyone.
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