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A Novel Approach To Legacy Donations With Long-Term Benefits Supported By Mathematical Analysis, Daniel Solow, Robin Symes Aug 2023

A Novel Approach To Legacy Donations With Long-Term Benefits Supported By Mathematical Analysis, Daniel Solow, Robin Symes

Faculty Scholarship

A novel approach to legacy donations, called the “Master Fund Strategy,” is proposed. Potential long-term financial benefits for both donor and nonprofit organizations (NPOs) when compared to a “Traditional Fund Strategy” are established through mathematical analysis and computer simulations, providing nonprofit marketing and fundraising professionals an alternative way to lock in bequest funding. In particular, formulas are developed for computing relevant financial quantities associated with the two strategies. Conditions are presented under which the Master Fund Strategy is better than the Traditional Fund Strategy, in the sense that there is a point in time when the net present value of …


A Novel Approach To Legacy Donations With Long-Term Benefits Supported By Numerical Illustrations, Daniel Solow, Robin Symes Jun 2023

A Novel Approach To Legacy Donations With Long-Term Benefits Supported By Numerical Illustrations, Daniel Solow, Robin Symes

Faculty Scholarship

Philanthropic donors face challenges in matching the causes to which they donate, the time horizon—and thus impact—of their donations, and the charitable vehicles they choose for making contributions. Wealthier donors may elect to create their own foundations and customize their charitable support. Less wealthy donors have limited choices: they may contribute to a nonprofit's current operations or to existing nonprofit endowments. We present a novel approach for making charitable donations, blending aspects of each of these strategies. Our approach has potential long-term financial benefits, allows donors to control their charitable donations in a convenient and easy-to-implement manner, can be established …


Ministries Of Catholic Sisters In The Diocese Of Cleveland: Assessing Capacity And Opportunity In A Period Of Transition, Robert L. Fischer, Rong Bai Jan 2018

Ministries Of Catholic Sisters In The Diocese Of Cleveland: Assessing Capacity And Opportunity In A Period Of Transition, Robert L. Fischer, Rong Bai

Faculty Scholarship

Catholic sisters have long played a vital role in addressing the needs of the poor, neglected, and vulnerable members of society. In northeast Ohio, sisters have been instrumental in the arenas of education, healthcare, social service, and advocacy. This research builds on research conducted in 2009 on the characteristics of the ministries of Catholic sisters. Using a survey approach, responses were collected from 358 Catholic Sisters in 12 religious orders, approximately 60 percent of the sisters living in the Diocese of Cleveland. The study explores sisters' current ministries (work and service), the plans for their ministries to continue, and their …


Support For Sister-Affiliated Ministries During Challenging Times: Understanding A Foundation Initiative In Two Regions, Robert L. Fischer Jan 2014

Support For Sister-Affiliated Ministries During Challenging Times: Understanding A Foundation Initiative In Two Regions, Robert L. Fischer

Faculty Scholarship

This article describes the efforts of two foundations to sustain the ministries of Catholic sisters in two regions: northeast Ohio and South Carolina. Spanning more than 10 years, the initiative has drawn on multiple strategies – including convening, grantmaking, communicating, and research – in partnership with sisters themselves to sustain a diverse set of ministries. The work informs foundation practice by illuminating an approach to capacity development in very different regional contexts. Key lessons include being sensitive to the context, paying attention to both individual and organizational capacity, and the need for data.


The Harvest Of Ministry: Exploring The Ministry Of Women Religious In Cleveland, Robert L. Fischer Jan 2013

The Harvest Of Ministry: Exploring The Ministry Of Women Religious In Cleveland, Robert L. Fischer

Faculty Scholarship

Women religious serve in a range of ministries, often with the most disenfranchised in society. The nature of sisters' ministries has often been reduced to its external character – providing education, health care, or social services. What has been less understood is the enduring nature of the forces underlying these ministries. This study draws on six focus group conversations involving 33 Catholic sisters. The study surfaces key themes that frame a better understanding of the work of today's women religious. These themes can be adapted for others who seek to work with people in need.


Women Religious In A Changing Urban Landscape: The Work Of Catholic Sisters In Metropolitan Cleveland, Robert L. Fischer, Jennifer Bartholomew Jan 2012

Women Religious In A Changing Urban Landscape: The Work Of Catholic Sisters In Metropolitan Cleveland, Robert L. Fischer, Jennifer Bartholomew

Faculty Scholarship

In many communities, women religious play a vital role in addressing the needs of the poor, neglected, and vulnerable members of society. Catholic Sisters have long been active in the areas of education, health care, outreach, and advocacy in northeast Ohio. In high-poverty urban areas such as Cleveland, women religious continue to provide essential services, support, and spiritual guidance. The experience in Cleveland is relevant to other cities where the population has shifted from an urban center to suburban areas, leaving inner-city churches with declining membership and support. Survey data collected from 164 Catholic Sisters from fifteen religious orders in …