Hospitals & Healthcare Systems
The development offices at hospitals & healthcare systems serve one of the most critial sectors in all of philanthropy, the health and medical care for our society. With massive changes to the federal government's medical benefits entitlement programs, as well as decreasing budgets resulting from a struggling economy, our country's hospitals and medical-based charities are faced with unprecedented financial challenges to maintain its high level of medical care, which is unmatched anywhere else in the world. For these reasons, planned giving programs and initiatives serve an important role for hospitals and medical-based charities across the country. Frequently, Effectual Giving ("EG") will serve as an “extension” of these development offices, particularly by helping planned giving teams effectively work with the donor’s key advisors, which usually consist of his or her attorney, accountant and financial professional(s). Well-conceived planned giving recommendations are often postponed or terminated by one or more of the donor’s advisors, simply due to the advisor's lack of attention or ignorance of the complexities of a particular planned strategy. EG addresses all the potential concerns of the donor’s advisors from a legal, tax and financial perspective. By doing so, planned giving recommendations are not jeopardized and the planned giving team’s limited time and resources are maximized by not venturing out into this “advisor minefield” alone. Of course, EG also provides comprehensive assistance in other key areas such as: (i) specialized training to increase the team’s understanding of various planned giving strategies, (ii) recognizing the most viable planned giving donors and how to match those donors with the most applicable strategy, and (iii) campaign-specific planned giving consulting services.