Wed
04
Mar
2009

Heard on the Web: Of 10 Largests Gifts in 2008, Most Were Bequests

 »  

Avg: 3 (1 vote)

According to a report by MSNBC, the recession could be changing the giving habits of America's wealthiest donors. Gifts from seven of the 10 biggest donors in 2008 were made from estates, according to an annual ranking of America’s most-generous donors, released recently by The Chronicle of Philanthropy and the online magazine Slate.

Full Text:

Click here to read the entire story at msnbc.com.

Copyright © 1998-2009 Planned Giving Design Center, LLC. All rights reserved.

Comments

Thu
05
Mar
2009
123
points
#01 by Richard Lamport    

Giving Habits...........

The MSNBC article implies that the giving habits have shifted in favor of bequests. Unfortunately, this is an inaccurate portrayal. The bequests that are being realized now were created a long time ago. The drop in current giving is obviously recent. The different time sequence of the gifts renders any commments about a shift in giving patterns from current gift to bequests meaningless. For this to have meaning, one would have to compare the gift typs in the year of creation, not the year of realization.

Thu
05
Mar
2009
125
points
#01.00 by Kimberley Pittman-Schulz    

Giving Habits

Yes, but there is still something to be said in the fact that megagifts planned years ago far outpaced megagifts being made now.

Fri
06
Mar
2009
121
points
#01.00.00 by Richard Lamport    

Giving Habits

I think that you need to look at giving in the time the gifts were made if it is to have a relevance to solicitation techniques. I am not sure that the planned gifts referred to outpaced current major gifts in the time they were created. The fact remains that comparisons should be done accurately, and the MSNBC squib was misleading in its comparison and "shift" terminology.

Having said that, I certainly favor increased emphasis, during these times, on revocable planned gifts. It's the best strategy in uncertain times.

Thanks for your comments.

Dick

RSS Comment Feed