This post was contributed by Dr. Timothy Dickel, President of Mater Dei High School in Evansville, Indiana.
Please join us on Wednesday, March 30 (1:30-2:25PM)) as Dr. Timothy Dickel will present “Ensuring Long-Term Sustainability through the Establishment and Growth of a Planned Giving Society”.
Ensuring Long-Term Sustainability through the Establishment and Growth of a Planned Giving Society
Are you concerned about the future sustainability of your Catholic school? Over the next fifty years, between $40-50 trillion dollars will be transferred from one generation to the next. A significant amount of money will be transferred through charitable bequests, but only a small percentage of Catholic schools have an established planned giving program. There is a tremendous opportunity for Catholic schools to benefit from planned giving and endowments.
Does your school have a plan for planned giving? If not, this session will help you learn the basics of planned giving and how to create a planned giving society at a Catholic school. A planned giving and endowment program can provide your school a new source of income. Schools with healthy endowments will have a greater chance of long term sustainability than those with small or nonexistent endowments. If your school already has a planned giving program, this session will provide you with relevant statistics and best practices for planned giving.
I serve as the President of Mater Dei High School in Evansville, Indiana, and we established a planned giving program in 2010 that now consists of over 80 members. In addition, the school’s endowment balances have increased from $600,000 to $2,000,000. We utilized an approach that took a relatively small but consistent investment of time while still focusing on our annual fund, special events, and a capital campaign.
After the presentation, attendees will feel comfortable getting started with the establishment of a planned giving program. You will learn how to assemble a volunteer planned giving team, identify planned giving prospects, speak knowledgeably about planned giving vehicles, access resources, and other important information.
