Help!  Our Museum has a donor who has taken out an insurance policy naming the Museum as his beneficiary.  Now the man could die tomorrow (Heaven forbid, he's a great volunteer) or he could die in 20 years.  He would like to restrict his gift.  But since it's insurance and not part of a will - the Museum will eventually just get a check. How do I assure him that his wishes will be followed or is that impossible?  Other than a "Look here when you get money" file - I'm not sure what to do.  Bear in mind that he is not restricting the money in any unusual way - if he were to give us a cash gift today, we could follow through on his request without any difficulty. 
Has anyone run into this situation before?  How did you handle it?  And what policy or practices did you put in place?  Should we handle this as we would a pledge to a capital campaign that is paid yearly?   As always any advice is always greatly appreciated.  Respond through the list or off-list as you see fit.   

Bronwen A. Sanders
Executive Director
Mifflinburg Buggy Museum
570-966-1355
[log in to unmask]
www.buggymuseum.org

=========================================================
Important Subscriber Information:

The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes).

If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes).