Partnering in PhilanthropyPartnering in Philanthropy
When times are good, it's easy for everyone to work well together. But when money gets tight? During the lengthy recessions of the early 1980s and mid-1970s, tensions sometimes developed between two camps: wealth advisors and fundraisers. Advisors would often counsel clients to reduce or postpone a larger gift, while those representing nonprofits were under more pressure than ever to complete gifts
Robert F. Sharpe, Jr.
When times are good, it's easy for everyone to work well together. But when money gets tight?
During the lengthy recessions of the early 1980s and mid-1970s, tensions sometimes developed between two camps: wealth advisors and fundraisers. Advisors would often counsel clients to reduce or postpone a larger gift, while those representing nonprofits were under more pressure than ever to complete gifts to make institutional ends meet. As a result, many gifts that could have been beneficial to donors and their heirs as well as charitable recipients were never completed.
Now the economy has nosedived again and there's speculation that the world is slipping into an economic period unlike any seen since the mid-1970s — or even...
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