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A list of some humongous bequests that should get your planned giving team psyched up for only 3 seconds!
I give you permission to read this list but only if you’ll count to three afterward. Let it sink in. Then DELETE IT! Forget about it.
Why? Because your organization will probably never get a gift as large as any of these.
So why am I showing it to you? Two reasons.
1- It’s fun to think about the potential of your planned giving program.
2- It’s important to come back to earth with the realization that most planned gifts come from ordinary people— not the wealthy.
So go ahead and dream for a moment. Then get back to work. Call, write letters, send emails and meet with people who care about your mission so deeply that they are willing to make your organization a member of their family by including you in their estate plan.
Here’s the list of some very large individual bequests:
Note: These are nominal values and have not been adjusted for inflation. This entire list was found on Wikipedia.
- $31 billion from Warren Buffett to the Bill and Melinda Gates Foundation (initial value of the gift)[5]
- $9 billion from Chuck Feeney to Atlantic Philanthropies
- $2 billion from Azim Premji to the Azim Premji Foundation in 2010[6]
- $1 billion from Ted Turner to the United Nations
- $500 million from T. Boone Pickens to Oklahoma State University[7]
- $500 million from Walter Annenberg to public school reform in the United States[8]
- $350 million ($7 billion in modern terms) from Andrew Carnegie in 1901
- $424 million from managers of the Reader’s Digest fortune to the Metropolitan Museum of Art[10]
- $350 million from Michael Jackson who distributed most of his wealth to good causes. He supported over 39 charities
- $225 million from Raymond and Ruth Perelman, parents of Ronald O. Perelman, to the University of Pennsylvania School of Medicine in 2011.
- $200 million from Joan B. Kroc to National Public Radio in 2003[10]
- $100 million from John D. Rockefeller to the Rockefeller Foundation, 1913-1914[11]
- $100 million from Henry and Betty Rowan to Glassboro State College[12]
Recommendations:
>> Measuring Donor Experiences
>> The Secret: Why people really make major gifts and bequests
LEAVE YOUR COMMENTS BELOW AND/OR SHARE IT WITH YOUR PEERS!
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Feeling like your job is getting harder because donor expectations have changed and competition for the charitable dollar is growing?
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A gift of $100k-$500l would be huge for many smaller NPOs and it’s not out of the realm of possibility. Question is, would the NPO be ready to deal with such an infusion of cash. Have the Board, ED and DoD discussed whether such a gift would go into some form of endowed fund, into a particular program, be used for a facility, or possibly sit in an unrestricted gifts fund (if the bequest was unrestricted) until the right project came along?