Please explain how an annuity can be used to create a legacy for a non-profit organization.
I am a Board member of a local non-profit. I have been told that this requires the services of an attorney, and is quite complicated. True?
When people are looking to place a large sum of money and they do not want to invest in the ususal places ; they can establish an annuity. I have never done this but I have been asked many times to do this. So , I do not speak from experience. To my knowledge and insurance company or bank gets involved and invests this money which pays a small sum back each month to the person who donated the money to the non-profit . When this person dies the large sum of money is then given out right to the non-profit organization as a charitable donation. The donators receive a tax benefit and are also guaranteed a certain return on their money each month. Plus , they feel good about eventually leaving this donation to the non-profit. I would not attempt this transaction without a lawyer or the personnel of my trusted bank , loan association, etc. plus laws are probably different in each state, as well. Good luck, it is a win win for both parties . Many churches and colleges ask for funds this way and acquire trust funds for their future growth this way.
by Krista Schnee 12 years ago
Which is your favorite non-profit organization? What do you do to help them?
by frogrn2000 14 years ago
in a non-profit organization, what is the proper management hierarchy?
by Mila Hensley 2 years ago
Hello everyone. So, what is the status on HubPages about writing an article to showcase a specific non profit organization? Is this something that will be allowed and is there anything that I should know when writing an article like this?I will be working with a rep from the non profit to write my...
by tdebrick 11 years ago
What is the advantage of starting a not for profit organization?I really would like to help the use and trying to figure out best avenue.
by cabiosile79 14 years ago
When one has to explain the religion to a "non believer" or new comer what is the best approach?to explain without scaring them off. There are so many negative things about our religion on the internet and to explain in reference to a person is difficult to me.
by ElleBee 13 years ago
Any inexpensive advertising ideas for a non-profit benefit event?I am planning a fundraiser craft show for a non-profit, does anyone have ideas for low or no cost advertising? We hope to attract at least 200 people to the event.So far I've made flyers, sent press releases to local news...
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