In Need of Guidance: How to Maximize the Impact of a Generous Donation?
I wonder if any nonprofits reading this forum have had the good fortune of receiving a game-changer donation. How did you pave the way for it and what did you do to ensure it would be best used? Your experience-based wisdom on this matter would be greatly appreciated.
One example of this ever more frequent phenomenon is the $200 million gift received this year by the relatively small Summer Science Program https://summerscience.org/. The bequest, which is 100 times the size of the group’s annual budget was reported on here https://www.miamitimesonline.com/business/unexpected-donation-will-allow-nonprofit-to-serve-more-students/article_16c41f80-7db8-11ee-a924-7b0517ad4455.html. The gift was given by an alumnus who had given far more modestly though generously during his lifetime. On his death at 69 however, he willed 20% of his entire estate. The article itself is well worth reading in terms of that group’s preparation and response
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