This is not impossible at all. If nothing else draw up a contract or pledge form stating what the money is to be used for. (from our development office)
Debra Loguda-Summers, Curator
Still National Osteopathic Museum and International Center for Osteopathic History
800 West Jefferson
Kirksville, MO 63501
Phone: 660 626 2359
Fax: 660 626 2984
Toll Free: 1 866 626 ATSU Ext. 2359
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www.atsu.edu/museum
The Mission of the Still National Osteopathic Museum is to collect, preserve, and make available artifacts and related materials to communicate the history and philosophy about the osteopathic principles of mind, body and spirit to a global audience.
>>> Mifflinburg Buggy Museum <
[log in to unmask]> 2/18/2009 11:36 AM >>>
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
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