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Title: Invest in Charity: A Donor's Guide to Charitable Giving by Ron Jordan, Katelyn L. Quynn, Katelyn Quynn ISBN: 0-471-41439-5 Publisher: John Wiley & Sons Pub. Date: 22 June, 2001 Format: Hardcover Volumes: 1 List Price(USD): $29.95 |
Average Customer Rating: 3.5 (2 reviews)
Rating: 4
Summary: A helpful guide for new major gift donors
Comment: Investing in Charity: A Donor's Guide to Charitable Giving
By Ron Jordan and Katelyn L. Quynn
John Wiley and Sons, Inc. 2001
Reviewed by Norman Olshansky: President
NFP Consulting Resources, Inc.
Sarasota, Florida
If you are looking for a resource that explains the various methods of charitable giving and can be used to help donors (or beginning development professionals) determine which is the best approach or instrument for their personal use, "Investing in Charity" can be a most helpful addition to your library.
The authors promote the book by claiming it is written for modest as well as wealthy donors. Personally, I believe this book can best be used to help donors who are considering "major" gifts or who plan to make a large number of significant gifts. The book can help them determine how to maximize the impact of their giving for their favorite charities and themselves. Even though the introductory chapters on donor motivation, selecting a charity and how charities function are too simplistic for a major donor, the rest of the book can be very valuable as it relates to the various methods of giving.
I especially liked the way the authors go into detail on planned gifts, trusts, and annuities. They give excellent explanations of the variety, benefits and liabilities of each method, from the perspective of the charity and the donor. The sections on tax implications are also presented in clear and helpful terms.
Equally helpful, are their chapters on Private Foundations, Supporting Organizations and Donor-Advised Philanthropic Funds.
Planned giving, estate planning, trusts, gifts of closely held stock, gifts of non cash assets, insurance, etc. can be complicated and overwhelming. Helping a potential donor understand how they work and the benefits of these instruments could turn, what would have been a 5 figure gift, into a 6 or 7 figure gift.
Each chapter ends with a helpful checklist and series of questions which can help direct the donor to the sources contained therein. In addition, examples are given of specific language which can be used for those who want to deed property or make testamentary gifts. Helpful information is also given on the use of charitable giving as a tool to enhance retirement planning.
An extensive index at the end, adds to the usefulness of the book as a resource guide.
This book will get good use in my library. I give it 4 stars.
Rating: 3
Summary: Accurate, But Dull and Incomplete
Comment: This book does enable donors to learn and accurately negotiate the technical details of sophisticated charitable giving, but it stops short of really guiding or "empowering" them. For one, it fails to celebrate and build upon the motivating excitement of why donors give and how the nonprofit sector is so vital and inspiring. Example: The words policy or advocacy are never mentioned as charitable options or types of programs. It's a dull read: donors must practice "due diligence." The message: giving money away is such hard, complicated, serious boring work you will wonder what happened to the joy of giving and the joy of charitable results. Second, the authors inexplainably ignore the option of using community foundations. Third, much valuable information is omitted: There isn't any mention of the many services of the Council of Foundations or similar helpful organizations. Are 501(c)(4) organizations eligible for gifts? We're not told. In the whole text I could find only two web sites mentioned! Nor does the book offer any referral section or recommended reading. Venture philanthropy - no mention! Fourth, instructing donors they "must" visit the charity's site, meet its executive team, AND examine all its core literature before deciding to give is extreme. Ugh.
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Title: PricewaterhouseCooper's Guide to Charitable Giving by PricewaterhouseCoopers LLP, Michael B. Kennedy, Evelyn M. Capassakis, Richard S. Wagman ISBN: 0471235032 Publisher: John Wiley & Sons Pub. Date: 18 October, 2002 List Price(USD): $19.95 |
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Title: The Greater Good: How Philanthropy Drives the American Economy and Can Save Capitalism by Claire Gaudiani ISBN: 0805071962 Publisher: Times Books Pub. Date: 10 September, 2003 List Price(USD): $25.00 |
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Title: Balanced Scorecard Step-by-Step for Government and Nonprofit Agencies by Paul R. Niven ISBN: 0471423289 Publisher: John Wiley & Sons Pub. Date: 20 June, 2003 List Price(USD): $45.00 |
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Title: The Innovator's Solution: Creating and Sustaining Successful Growth by Clayton M. Christensen, Michael E. Raynor ISBN: 1578518520 Publisher: Harvard Business School Press Pub. Date: September, 2003 List Price(USD): $29.95 |
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