seven ways to ensure your insurance program doesnt kill you linked in sept 2011

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Seven ways to ensure your insurance program doesn’t kill you (Canadian) Ann Rosenfield, CFRE (developed with Ruth D’Souza) (c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

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Canadian overview on how to establish and maintain a strong insurance fundraising program. A good program promotes strong philanthropy. We worked hard on this - if you use some or all of it, please give us credit.

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Page 1: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Seven ways to ensure your insurance program doesn’t kill you

(Canadian)

Ann Rosenfield, CFRE(developed with Ruth D’Souza)

Page 2: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

7 Ways to Success

Are you thinking of starting an insurance program but not sure where to begin?

Is your insurance program running you (instead of the other way around)? 

Do you have tough questions about an insurance policy and not sure who to ask?

Page 3: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

We are under the cone of silence

Page 4: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Starting an insurance programGetting off on the right foot

Page 5: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #1Set the ground rules

Recommended rules◦Minimum amount◦Paid off within a given, short, period

◦Donor agreement◦Managing communications

Page 6: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #2Get help

Ensure you have reliable, unbiased, advice

Canadian Association of Gift Planners (CAGP)- $290+tax

Page 7: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

CAGP

Planforgifts.com

Page 8: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

CAGP

A Charitable Guide to Planning Giving WebsiteDeWayne Osbourn

Page 9: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

CAGP

Planned Giving for Canadians

Page 10: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #3Not so fast with the charity partner

Three hard questions◦Does the fundraiser know what they’re talking about?

◦Does the charity has access to appropriate infrastructure?

◦Does the charity have the infrastructure to manage a 30 year relationship?

Page 11: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #3Not so fast with the professional advisor

Three hard questions◦How does the advisor get paid?

◦What is in it for them to “volunteer?”

◦Do you have the expertise to ensure the donor and charities interest are protected?

Page 12: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Running your programDon’t let your program run you

Page 13: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #4How to grow

How will you market?Who will you target?

◦Consortium Ads Free Wills Month Free Wills Program

Page 14: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Free Wills Month

Could be adapted to Life Insurance

Page 15: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Free Wills Program

Could be adapted to life insurance

Page 16: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #4How to grow

How will you market?◦Consortium Ads

Free Wills Month Free Wills Program

◦Mail/Phone◦Collective Forum

Page 17: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Collective Forum

This approach has also been tried in Ottawa with good results

Page 18: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #5Who will you target?

Under 70 years oldStrong data

◦>= $100 single donation

◦< $5,000 single donation

◦3 or more gifts◦Multi-affiliated

Page 19: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #5Who will you target?

Over 70 years oldWeak data

◦Event participants◦In memory/In celebration donors

◦Lottery/raffle ticket purchasers

◦Auction donor/buyer◦Gift in kind donor

Page 20: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #6Stewardship

Page 21: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Way #7Don’t be afraid to say “No, thank you.”

Decline an offerCash in a policy on

premium offset

Page 22: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Recap

Are you thinking of starting an insurance program but not sure where to begin? ◦Set the ground rules◦Get help - CAGP◦Not so fast with the charity partner/professional

advisorsIs your insurance program running you

(instead of the other way around)?  Do you have tough questions about an

insurance policy and not sure who to ask?

Page 23: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Recap

Are you thinking of starting an insurance program but not sure where to begin? 

Is your insurance program running you (instead of the other way around)? ◦How to grow - Marketing◦ Who will you target?◦Stewardship◦Don’t be afraid to say “No, thank you”

Do you have tough questions about an insurance policy and not sure who to ask?

Page 24: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

Thank [email protected]

Page 25: Seven Ways To Ensure Your Insurance Program Doesnt Kill You Linked In Sept 2011

(c) 2011 Ruth D'Souza and Ann Rosenfield, CFRE

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