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What Gift Officers Need to Know About Finance

What Gift Officers Need to Know About Finance

A charitable gift annuity’s “beauty” is often in the eye of the beholder, and that “beauty” or value may differ between the development and finance departments. While a charitable gift annuity (CGA) is the successful culmination of many conversations with a donor, it also represents a much longer timeline of responsibilities and tasks for the finance department that may not be fully understood or appreciated by many gift officers. The session speakers will provide insight into how CGAs and other life income gifts influence the financial processes and risk management practices and why Finance may see a CGA not only as a gift, but also as a liability (which it technically is!). With this awareness and appreciation of the financial liabilities of planned gifts, gift officers can enhance their relationships with CFOs and their staff. Join our webinar presenters who all have extensive experience in finance roles working at or with nonprofit organizations that issue charitable gift annuities.

If you can't attend the live webinar, you can still register and access a recorded version the day after the webinar is completed.

Event Details

Event Start Date 03-06-2019 1:00 pm ET
Event End Date 09-06-2019 2:00 pm ET
Registration Start Date 01-18-2019 10:00 am ET
Cut off date 09-06-2019 6:00 pm ET
Individual Price ACGA Members: $50 / ACGA Non-members: $75 (Per site. You can invite as many people as you want to attend with you.)
Speaker Cox Pat Cox
Executive Director-Investments
ALSAC/St. Jude Children's Research Hospital

Pat joined ALSAC in January 2010 where he serves as the Executive Director – Investments. Pat has over twenty years of investment experience with a diverse background in portfolio design, implementation and management across multiple portfolio frame works. At ALSAC, Pat works directly with the CIO, Investment Committee and Investment Consultant regarding portfolio asset allocation and rebalancing. Within the Investment Office Pat conducts manager research and due diligence for both traditional and alternative asset classes by creating internal analytics and conducting onsite manager visits. He also works the ALSAC CGA portfolios and donor trusts. Pat collaborates with the legal and gift planning departments in portfolio transitions and liquidations from donor bequests. Prior to joining ALSAC, Pat spent sixteen years with a national investment consulting firm where he was a Managing Analyst and Sr. Consultant. Pat worked with a diverse group of clients from large foundations and high net worth individuals to large corporate pension plans. For each of these clients Pat provided full, customized services around asset allocation, manager research and recommendations to board presentations and speaking at public plan conferences.

Ely David Ely, CFA
Vice President
Wilmington Trust, N.A.

David is a Senior Private Client Investment Advisor and is responsible for developing customized investment portfolios for his clients based on their unique parameters for risk, return, liquidity, and other factors. After taking the time to listen to his client’s objectives and to understand any tax, legal, and personal considerations, David then structures a well-diversified portfolio in keeping with each client’s asset allocation program. David continually monitors and periodically rebalances his clients’ portfolios to meet their evolving needs and to take advantage of new investment opportunities.

Prior to joining Wilmington Trust, David was a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the firm's Investment Solutions Group. He was responsible for developing and implementing tactical and strategic multi asset class solutions for institutional clients. David was the Investment Team Leader for the portfolio management team dedicated to SSGA's Charitable Asset Management (CAM) where he was responsible for setting asset allocation strategy and managing charitable gift portfolios for all CAM clients. Prior to joining State Street in 1999, David worked for Salomon Smith Barney's Private Client Group.

David earned his Bachelors degree in Economics from the University of North Carolina at Chapel Hill, and his Masters degree in Finance at Northeastern University. He holds the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society, as well as the CFA Institute. David is also a Board member of the American Council on Gift Annuities.

McGowan Kevin McGowan
Vice President and Chief Financial Officer
Catholic Church Extension Society Of the USA

Kevin McGowan has been the Chief Financial Officer at Catholic Extension since 2008. In addition to his financial responsibilities, Kevin manages the 3,500+ contracts in the CGA program, overseeing the marketing, donor outreach and followup, internal and external reporting, investing and administration. This unique responsibility for a CFO requires him to closely coordinate with the Annual Giving and Major Gift Officers. Prior to joining Catholic Extension, Kevin was a management consultant for over 20 years, working with Fortune 500 companies on their strategic, operational and organizational challenges.

Kevin earned a BA with Honors from Wesleyan University and an MBA from The University of Chicago Booth School of Business. He has served on the ACGA board since 2016.

Number Hours 1
Location Webinar
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