The Future Needs Funding Program™ provides a number of useful reports for non-profit organizations.  The Comprehensive Endowment Report provides the NPO with the total amount for all donors’ beneficiary gifts, and compares the amount earmarked to the NPO’s endowment goal.  Although beneficiary gifts are not an asset of the NPO, the NPO may desire to communicate this information as a footnote to their annual financial statements.  The NPO may also wish to include all currently gifted endowment assets into this report, so that all assets earmarked for endowment, both gifted and intended, may be compared to the endowment goals of the NPO.

The goal of FNFP is to link all financial institutions to its database.  Likewise, all NPOs will have access to the database for a nominal fee.  Today, potential donors may simply change the beneficiary on their life insurance policy, IRA, etc., and a report for the NPO will be updated.

A powerful feature of FNFP is the automatic updating of any changes to a donors’ beneficiary designations or beneficiary gifts.  The NPO has constant access to the Comprehensive Endowment Report, which reflects these changes. This gives the NPO a clearer picture of their overall endowment picture, better equipping them to go back to the donor base to obtain additional funding to meet already established funding goals.

Benefits to the NPO include:  Capturing assets that might otherwise never reach the NPO; efficiently tracking beneficiary gifts; and the ability to enlist the help of financial advisers within and outside the NPO community.  There are no exclusive arrangements with any advisor or company that could jeopardize implementation of the program.  There is also no need for potential donors to establish new accounts—existing accounts may also be used.

NPOs wishing to participate in FNFP pay a nominal annual fee to obtain access to their own constantly updated Comprehensive Endowment Report, and subscribe to the database, which generates other reports useful for fund raising purposes, as well.  Additionally, participating NPOs receive model donor fund raising campaign presentations that can be used by the NPO immediately.  Surveys of NPOs indicate FNFP greatly improves NPO’s ability to raise endowment funds over the long haul, and most would pay an annual fee as long as the fees remain relatively insignificant in relation to total overhead.

How FNFP Reports to a NPO

• Each donor’s beneficiary gift is compiled with all other amounts earmarked for the NPO
• NPO sees the total earmarked amount for all donors’ beneficiary gifts
• NPO’s current endowment fund balance may also be included in the report

 
FNFP Integration

• FNFP working to link up all financial institutions to its database
• FNFP database available to NPOs for nominal fee
• Today:  Potential donors simply change the beneficiary on their life insurance policy, IRA, etc., and a report for the NPO will be updated 

 
NPO updates

• Donor retains ownership and control
• Donor may revoke beneficiary designation or change amount of intended donation
• NPO updated if donor makes any changes

 
Benefits to NPO

• Capture assets that might otherwise never reach the NPO
• Efficiently track beneficiary gifts
• Ability to enlist the help of financial advisers within and outside the NPO community
  • No exclusive arrangements with any adviser or company
  • New or existing accounts may be used

Cost to the NPO

• Surveys of NPOs indicate FNFP greatly improves NPO’s ability to raise endowment funds over the long haul
• Nominal annual fee