Grant Agreements

Protecting Your Philanthropic Goals When Making a Major Gift

My mother donated significant funds to our local hospital to endow a children’s health initiative. This went well for several years, but after she died, I learned that the project had been discontinued and that her funds were redirected to a construction project. I can just imagine my mother rolling over in her grave. Could this scenario have been prevented at the time she made the gift?

[callout]Major gifts are rarely simple and often include complex philanthropic goals—more than can be covered in a conversation and a handshake.[/callout]

This question is typical of the type of inquiry we often receive from our clients. Making a major gift to a favored charitable project or institution represents a significant commitment of a foundation’s hard-earned assets. As such, our clients want to do everything in their power to make sure that the money is used according to their wishes, to achieve the end result both they and the grantee organization agreed to.

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