A Planned Giving Collaborative Children’s Village  ●Inwood House ● Safe Space Time Tested Models of Innovation June 5 th ,...
About The Children's Support Foundation <ul><li>The Children's Support Foundation is a planned giving collaborative among ...
Children’s Support Foundation Structure <ul><li>501 (C) 3 organization  </li></ul><ul><li>Governed by a Board of Directors...
Key Factors Leading to Collaboration   <ul><li>Mutual Goals for long-term stability and sector leadership : Increased endo...
Key Factors Leading to Collaboration <ul><li>Similar Capacity Challenges : Individually, agencies lacked the ability to la...
Key Factors Leading to Collaboration <ul><li>Sound, Confident & Innovative Leadership :  </li></ul><ul><li>Success require...
Key Factors Leading to Collaboration <ul><li>Compatible Missions and Philosophies </li></ul><ul><li>Serving especially vul...
The Concept   <ul><li>Problem: </li></ul><ul><li>Planned giving programs often provide up to 30% of revenues for medical a...
The Connection <ul><li>Program collaboration between Safe Space and Children’s Village leads to dialogue on funding needs ...
Key Start-Up Steps <ul><li>Create a legal entity with By-laws: Children’s Support Foundation </li></ul><ul><li>Foundation ...
Essential Resources <ul><li>Planned Giving expertise in one partner agency and advising attorney: Jeff Sobel of Safe Space...
Stakeholder   Involvement <ul><li>Executive Directors  </li></ul><ul><li>Reached out to each other for initial considerati...
Stakeholder   Involvement <ul><li>Legal Counsel, Andrew Grumet, Schiff Hardin </li></ul><ul><li>Pro bono legal counsel </l...
Obstacles Encountered in  Design/Creation Process   <ul><li>Board Approval Delayed Six Months </li></ul><ul><li>Competing ...
Implementation Key Steps <ul><li>Marketing materials created for Children’s Support Foundation and  individual agencies  <...
Obstacles to Implementation <ul><li>Wall Street Turmoil </li></ul><ul><li>May 2009 information breakfast was originally sc...
Major Change from Original Idea <ul><li>Creation of Foundation </li></ul><ul><li>Shift from mutual agreement among agencie...
Outcomes <ul><li>Enhanced ability to develop more meaningful relationships </li></ul><ul><li>with supporters. All three ag...
Outcomes <ul><li>Children’s Village has completed its first  </li></ul><ul><li>Charitable Gift Annuity </li></ul><ul><li>I...
Advice <ul><li>Incorporate individuals from the organizations with  </li></ul><ul><li>an ability to “make a deal” and find...
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A Shared Planned Giving

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Shared Planned Giving from Caster Family Center for Nonprofit Research event on June 5, 2009. The event was sponsored by U.S. Bank.

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  • A Shared Planned Giving

    1. 1. A Planned Giving Collaborative Children’s Village ●Inwood House ● Safe Space Time Tested Models of Innovation June 5 th , 2009 University of San Diego School of Leadership & Education Sciences
    2. 2. About The Children's Support Foundation <ul><li>The Children's Support Foundation is a planned giving collaborative among three leading New York City youth service agencies - Children's Village, Inwood House, and Safe Space </li></ul><ul><li>Designed to create lasting support for New York's most vulnerable youth and young families. </li></ul><ul><li>Provides donors the opportunity to make a significant impact on persistent child and family poverty in the New York metropolitan area. </li></ul><ul><li>30,000 youth served through: child welfare, community-based health services, school-based teen pregnancy and AIDS prevention, youth leadership, young adult support services and specialized maternal health and family support services for pregnant and parenting teens. </li></ul>
    3. 3. Children’s Support Foundation Structure <ul><li>501 (C) 3 organization </li></ul><ul><li>Governed by a Board of Directors comprised of staff and board representatives from each member agency, and volunteers from the philanthropy and financial advisory fields. </li></ul><ul><li>Supported by a Professional Advisory Committee, whose members represent the nation's leading investment, wealth management, and philanthropy advisors. </li></ul><ul><li>Seed funding for first two years provided by the </li></ul><ul><li>Booth Ferris Foundation </li></ul>
    4. 4. Key Factors Leading to Collaboration <ul><li>Mutual Goals for long-term stability and sector leadership : Increased endowment support through planned giving is a strategic goal of each organization. </li></ul><ul><li>Protects against economic downturns </li></ul><ul><li>Ensures Comprehensive & High Dosage Service </li></ul><ul><li>Supports Innovation </li></ul>
    5. 5. Key Factors Leading to Collaboration <ul><li>Similar Capacity Challenges : Individually, agencies lacked the ability to launch and sustain a planned giving effort with supporters: </li></ul><ul><li>Staff Expertise </li></ul><ul><li>Board Knowledge & Experience </li></ul><ul><li>Fiscal Clout -- to attract quality financial investment management </li></ul><ul><li>Marketing Tools </li></ul>
    6. 6. Key Factors Leading to Collaboration <ul><li>Sound, Confident & Innovative Leadership : </li></ul><ul><li>Success requires buy-in and support by the agencies’ Executive Directors, Development Directors, and their Boards. </li></ul>
    7. 7. Key Factors Leading to Collaboration <ul><li>Compatible Missions and Philosophies </li></ul><ul><li>Serving especially vulnerable young people: </li></ul><ul><li>Children’s Village -- delinquent boys </li></ul><ul><li>Inwood House -- pregnant and parenting teens and teens at high risk for teen pregnancy and AIDS </li></ul><ul><li>Safe Space -- runaway and homeless youth </li></ul><ul><li>Strength-based approaches to helping young people overcome persistent child and family poverty </li></ul><ul><li>Evidence-based practices and focus on outcomes </li></ul><ul><li>History of working together & referrals for service </li></ul>
    8. 8. The Concept <ul><li>Problem: </li></ul><ul><li>Planned giving programs often provide up to 30% of revenues for medical and higher education institutions. </li></ul><ul><li>Very few human service organizations can afford the </li></ul><ul><li>up-front costs to staff and maintain this specialized fundraising activity. </li></ul><ul><li>Solution: </li></ul><ul><li>Pool talent, contacts and resources to build expertise and capacity ► </li></ul><ul><li>Establish more meaningful relationships with donors ► </li></ul><ul><li>Cultivate endowment gifts or long-term program support ► </li></ul><ul><li>Future generations will reap the benefits </li></ul><ul><li>. </li></ul><ul><li>. </li></ul>
    9. 9. The Connection <ul><li>Program collaboration between Safe Space and Children’s Village leads to dialogue on funding needs and capacity building </li></ul><ul><li>Children’s Village’s early planned giving effort provided key insight to financial management requirements </li></ul><ul><li>Greater dimension and clout needed to attract potential funders, financial management and volunteer support </li></ul><ul><li>Executive Director of Safe Space contacted the Executive Director of Inwood House to invite their participation. </li></ul>
    10. 10. Key Start-Up Steps <ul><li>Create a legal entity with By-laws: Children’s Support Foundation </li></ul><ul><li>Foundation allows donated funds to be pooled and distributed as designated by funders, protects the collaborators’ investments and interests, and simplifies overhead management. </li></ul><ul><li>Secure Board approvals of Children’s Support Foundation </li></ul><ul><li>Elect Officers and Board Members </li></ul><ul><li>Secure J.P. Morgan Chase to manage the Children’s Support Foundation’s funds and planned giving vehicles </li></ul><ul><li>Secure $50,000 start-up funding from the Booth Ferris Foundation </li></ul><ul><li>Recruit non-agency Board members and Professional Advisory Council to expand audience reach and increase expertise </li></ul>
    11. 11. Essential Resources <ul><li>Planned Giving expertise in one partner agency and advising attorney: Jeff Sobel of Safe Space and Andrew Grumet of Schiff Hardin </li></ul><ul><li>Development staff leadership to move process forward </li></ul><ul><li>Legal expertise for creation of the Foundation; and for each agency’s review and approval of the Foundation By-laws </li></ul><ul><li>Funds for required legal services to incorporate the foundation </li></ul><ul><li>Executive Directors and key Board leadership to help sell concept to agency Boards </li></ul>
    12. 12. Stakeholder Involvement <ul><li>Executive Directors </li></ul><ul><li>Reached out to each other for initial consideration of project and to sell concept to agency Boards </li></ul><ul><li>Development Directors </li></ul><ul><li>Directed overall effort – Jeff Sobel, Safe Space </li></ul><ul><li>Advanced group process and within their agencies </li></ul><ul><li>Reported on agency progress/setbacks to inform efforts </li></ul><ul><li>Met regularly as a working group & shared tasks and expertise for completing key steps </li></ul><ul><li>Hold seats on CSF Board </li></ul><ul><li>Agency Board Members </li></ul><ul><li>brainstorming meetings and due diligence </li></ul><ul><li>key spokespeople for the project in winning Board approval </li></ul><ul><li>hold seats on the CSF Board </li></ul>
    13. 13. Stakeholder Involvement <ul><li>Legal Counsel, Andrew Grumet, Schiff Hardin </li></ul><ul><li>Pro bono legal counsel </li></ul><ul><li>Participated in all conceptual meetings </li></ul><ul><li>Proposed the creation of the foundation </li></ul><ul><li>Provided the legal document and fielded questions/concerns from individual agency board members, staff and counsel </li></ul><ul><li>Holds a seat on the CSF Board </li></ul><ul><li>All CSF Board Members </li></ul><ul><li>reviewed the By-laws </li></ul><ul><li>took part in the RFP process for securing the financial management service provider </li></ul>
    14. 14. Obstacles Encountered in Design/Creation Process <ul><li>Board Approval Delayed Six Months </li></ul><ul><li>Competing priorities on Board Meeting agendas </li></ul><ul><li>Concern that the Planned Giving effort would compete with Children’s Village and Inwood House capital campaigns. </li></ul>
    15. 15. Implementation Key Steps <ul><li>Marketing materials created for Children’s Support Foundation and individual agencies </li></ul><ul><li>Website created for Children’s Support Foundation </li></ul><ul><li>Press Release & Media List prepared for launch of the Foundation with targeted follow up. </li></ul><ul><li>Cultivation Events for Agency Supporters, Institutional Funders, and Financial Advisors </li></ul><ul><li>- Effective Poverty Fighting Strategies & Planned Giving </li></ul><ul><li>- Estate Planning in Volatile Times </li></ul><ul><li>- Ethics in Estate Planning Professional Networking Event </li></ul>
    16. 16. Obstacles to Implementation <ul><li>Wall Street Turmoil </li></ul><ul><li>May 2009 information breakfast was originally scheduled for November 2008, and was postponed. The May event drew about 25 guests. </li></ul><ul><li>Lead Gift effort for long-term Foundation sustainability not </li></ul><ul><li>effective. </li></ul><ul><li>Turned efforts to individual and institutional giving that would the support the agencies’ endowments & direct service efforts. </li></ul>
    17. 17. Major Change from Original Idea <ul><li>Creation of Foundation </li></ul><ul><li>Shift from mutual agreement among agencies to collaborate to legal foundation </li></ul>
    18. 18. Outcomes <ul><li>Enhanced ability to develop more meaningful relationships </li></ul><ul><li>with supporters. All three agencies have: </li></ul><ul><li>Planned Giving knowledge </li></ul><ul><li>Professional materials for educating and communicating with supporters </li></ul><ul><li>Top financial management firm to help attract, cultivate and execute planned gifts </li></ul><ul><li>Professional Advisory Council for advice cultivating planned gifts and advocacy within the financial advisory and philanthropy fields </li></ul>
    19. 19. Outcomes <ul><li>Children’s Village has completed its first </li></ul><ul><li>Charitable Gift Annuity </li></ul><ul><li>Inwood House has been advised of one Will bequest </li></ul><ul><li>Children’s Support Foundation has been profiled in Board </li></ul><ul><li>Source, the New York Times, and the Chronicle of </li></ul><ul><li>Philanthropy </li></ul><ul><li>Agencies are discussing ways to share other overhead </li></ul><ul><li>expenses </li></ul><ul><li>The Children’s Support Foundation has created a model for </li></ul><ul><li>creating legacy giving for social service </li></ul>
    20. 20. Advice <ul><li>Incorporate individuals from the organizations with </li></ul><ul><li>an ability to “make a deal” and find common ground. </li></ul><ul><li>Seek assistance of qualified experts who have done this </li></ul><ul><li>type of project or similar projects before. </li></ul><ul><li>Keep your eye on the “big picture” and don’t get caught </li></ul><ul><li>in minutia. </li></ul><ul><li>www.childrenssupportfoundation.org </li></ul>

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