I have a colleague, an excellent life insurance agent, who also does financial planning. Philanthropy is part of her life; she lives it as well as promotes it. She has been using some of the ideas that I constantly harp on at Gifthub. Let me report a promising sign.
- She presented inspired legacy wealth planning to a community foundation.
- She explained how she would help donors articulate their vision for self, family and society.
- She showed how she would then use financial planning and estate planning to help these donors be more generous now, later and at death, while also taking good care of their own family.
- She told me that at first the community foundation staff were baffled, then skeptical, then excited. They began to see the potential for the donor families as well as for the community foundation and the nonprofits the foundation supports.
- I will never forget this remark by my friend: "When I was leaving the community foundation we walked down a corridor with all the photos of their biggest donors. The community foundation person said to me, 'These are the people I want to introduce you to.'"
My friend has her heart in the right place, as well as being an excellent philanthropic financial and estate planner. Given the opportunity she will indeed " move millions" in an orderly way, while taking good care of the donor families. A few success stories along these lines, and we might set of a new "megatrend" - nonprofits, donors, and advisors partnering for inspired outcomes. I hope that the American College's Chartered Advisor in Philanthropy program will deliver on this vision.