The Kevin O’Connor Philanthropic Innovation Case Study.
Insuring A Better World Fund co-founders David Simon and Robert Stuchiner will be featured in an upcoming webinar to the Society of Financial Service Professionals on September 14th. The session will address how financial professionals can help clients achieve their philanthropic goals and legacies through the no-cost donation of unneeded life insurance. Attendees will learn the logistics of donating a policy, the benefits of philanthropic intent, and how working with charitable organizations can be of benefit to clients and financial professionals. Following a case study format, the life and legacy of Kevin O’Connor, CLU® will be discussed, and how the Insuring a Better World Fund helped O’Connor have a lasting philanthropic impact at the Society of Financial Service Professionals.
How Donors can Donate An Unwanted or Unneeded Life Insurance Policy at No Cost!
Insuring A Better World Fund’s president, David Simon, will be featured in an upcoming webinar to the Foundation for Appalachian Ohio on August 25th. The event will address how charities can receive millions of dollars in charitable donations at no cost from life insurance policies, the benefits of philanthropic intent and how working with charitable organizations can be of benefit to life insurance professionals. The life and legacy of Insuring A Better World Fund’s first donor will be discussed, and how this innovative alternative helped him make a lasting philanthropic impact at the charities of his choice.
Co-founders Robert Stuchiner and David Simon at the IABWF exhibit booth during the 2017 NCPP conference in Baltimore. This is the third year IABWF has exhibited at the nation’s prestigious planned giving conference.
The conference is attended by Planned giving professionals representing each charitable sector. IABWF’s mission supports universities, hospitals, disease oriented, poverty tackling, religious, etc. All specialists learn and share at this three day event.
IABWF’s life insurance donation program is the new topic. Most charities for several good reasons do not accept life insurance policies as donations unless the donor pays the ongoing premium. Further, life insurance is premised on the law of large numbers. It is hard for a single charity to achieve the critical mass of policiesnecessary for actuarial credibility.
IABWF is the solution. IABWF pays all premiums after donation and IABWF aggregates life insurance policy donations from many charities to achieve critical mass and actuarial credibility.
IABWF met over 63 new charitable organizations representing thousands of potential donors. Every year over $100 billion dollars of life insurance is wasted by our target market. Now let’s capture some of that value for charities.
Pictured IABWF co-founder David Simon presenting a $1,000 donation to Abbie Sumners of the National WWII Museum.
David’s father, Sheldon, of blessed memory, served in the war and several members of his family were killed in the Holocaust. This war plays a unique role in our world’s history.
These are lessons and people that can never be forgotten. IABWF’s fulfills its mission to support veterans and education, blended into this great museum.
“Ranked by USA Today as the #1 best place to learn US military history and designated by Congress as America’s official museum features a rich collection of artifacts that bring history to life”. IABWF is proud to support our National World WWII Museum.
Compassion International was a $1,000 NCPP donation winner. David Simon is pictured handing over the check to Sheri Hudson.
Sheri Hudson was our happiest winner. The charity focuses on children and poverty. This charity speaks directly to the IABWF mission.
We look forward to the opportunity to work with Compassion International, helping them serve more impoverished children throughout the world. We agree with Compassion International, poverty is not being poor. Poverty is the lack of hope. It is with our hope that this donation is happily given.
IABWF exhibited at CGP 2016 in Dallas. The October meeting of the professional planned giving community was IABWF’s second appearance and commemorated IABWF’s start of it’s second year of operation.