Innovative Planned Gift to AFP Foundation Yields Big Returns
(March 23, 2009) Lifelong friends and business partners, Marc S. Saffren, CFRE, and Michael J. Baker, CFRE, have joined the AFP Foundation for Philanthropy’s Omega Circle with a gift of Joint Life Protection Insurance.
This instrument, often referred to as a “second to die” policy, provides coverage for two parties with proceeds to be paid upon the death of the second party.
Saffren and Baker sought a smart and creative way to make a major gift to the AFP Foundation. “Michael and I wanted to express our gratitude in a tangible way for all that our profession and AFP have given us over the years,” Saffren explained.
“Our desire was to create a model that may inspire other young donors to secure planned gifts that will have significant impact and benefit in the future,” Baker said.
Saffren and Baker, co-founders of m3 Development, attribute much of their success to the skills and knowledge, mentoring and leadership opportunities they received through their relationship with AFP at the local and national levels. “The AFP Foundation for Philanthropy warmly welcomes Marc Saffren and Michael Baker as new members of the Omega Circle,” said Curtis Deane, president of the AFP Foundation for Philanthropy. “We are grateful for their generosity and applaud their vision in making a significant planned gift.”
“Who knew when we met the first day of kindergarten in 1975, that 28 years later we would be founding partners of a development firm,” said Saffren. “After college, we both entered the nonprofit sector as fundraisers and managers of community and national health organizations. We stayed in touch with each other and worked closely with AFP and the AFP Foundation. We are now proud to support such a worthy cause.”
For more information about the AFP Foundation for Philanthropy's planned giving program, please contact Martha Kirkland at (800) 666-3868, Ext. 480, or firstname.lastname@example.org.
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