Several years ago a friend came to see me about his pending retirement. He had been the top sales person in his firm and the company was being sold. As he had no equity in the business, he would have to rely on the company provided retirement plan as well as his personal investments to underwrite his retirement. He had been a six figure annual donor to his school and church during his working years. It was now obvious that this this level of financial support was not possible going forward, given the need for personal income from his assets during retirement. Although this reality was initially disappointing to him, we discussed alternative ways he could contribute. He eventually decided on contributing his time in an administrative capacity to his church several days a week. This turned out to be a win/win for both parties. Sometimes donors’ personal and financial circumstances change, yet their donative intent does not. If they are part of the organization’s mission, there are often many ways they can support it.
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