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What You Should Know Before You Donate | 801
Manage episode 481308067 series 2834919
"If you're giving millions, treat it like an investment—because your legacy is on the line."
What You’ll Discover Today:
In this episode of The Inside BS Show, Dave Lorenzo sits down with Michael Cleavenger, a seasoned fundraising strategist and advisor to affluent donors, to pull back the curtain on how nonprofit organizations really work. They explore how high-net-worth individuals can contribute meaningfully and responsibly, and how to avoid common pitfalls when making large donations.
Key Topics Discussed:
- How Michael Cleavenger raised over $260 million for the Illinois Institute of Technology and what he learned in the process
- The biggest myth about nonprofit donations—and why tax benefits aren’t the main motivator
- The truth about nonprofit operations: P&L statements, executive compensation, and board oversight
- Why long-term donors value relationships more than transactions
- What major donors should demand before giving: contracts, audits, and real oversight
- The pyramid strategy of fundraising—from large gifts to grassroots donations
- Red flags to look for in a nonprofit’s Form 990
- The difference between mission-driven programs and revenue-chasing “mission creep”
- How naming rights work—and why they’re rarely permanent
- Why some donors choose to sunset their foundations and how that affects future giving
Links and Resources:
- Subscribe Via Email: GetInsideBS.com
- Listen on Spotify: Inside BS Show on Spotify
- Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
- Call Us: (305) 692-5531
Call to Action:
If you’re thinking about making a significant contribution to a nonprofit organization—or advising someone who is—listen to this episode first. Then, connect with Michael Cleavenger to ensure your legacy is protected and your impact is real.
798 episodes
Manage episode 481308067 series 2834919
"If you're giving millions, treat it like an investment—because your legacy is on the line."
What You’ll Discover Today:
In this episode of The Inside BS Show, Dave Lorenzo sits down with Michael Cleavenger, a seasoned fundraising strategist and advisor to affluent donors, to pull back the curtain on how nonprofit organizations really work. They explore how high-net-worth individuals can contribute meaningfully and responsibly, and how to avoid common pitfalls when making large donations.
Key Topics Discussed:
- How Michael Cleavenger raised over $260 million for the Illinois Institute of Technology and what he learned in the process
- The biggest myth about nonprofit donations—and why tax benefits aren’t the main motivator
- The truth about nonprofit operations: P&L statements, executive compensation, and board oversight
- Why long-term donors value relationships more than transactions
- What major donors should demand before giving: contracts, audits, and real oversight
- The pyramid strategy of fundraising—from large gifts to grassroots donations
- Red flags to look for in a nonprofit’s Form 990
- The difference between mission-driven programs and revenue-chasing “mission creep”
- How naming rights work—and why they’re rarely permanent
- Why some donors choose to sunset their foundations and how that affects future giving
Links and Resources:
- Subscribe Via Email: GetInsideBS.com
- Listen on Spotify: Inside BS Show on Spotify
- Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
- Call Us: (305) 692-5531
Call to Action:
If you’re thinking about making a significant contribution to a nonprofit organization—or advising someone who is—listen to this episode first. Then, connect with Michael Cleavenger to ensure your legacy is protected and your impact is real.
798 episodes
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