A Word from the President - December 2022
News
Written by Joseph O. Bull, J.D., ACGA President   

Bull

It almost goes without saying that any organization with long-term stability and impact has its governance house in order. The ACGA has a history of stability in its governance and operation.

Founded in 1927 as the Committee on Gift Annuities, the organization’s name was changed to the American Council on Gift Annuities when it was incorporated in 1993. For its entire existence, the ACGA has prided itself as having a “working board” as it has never employed anyone. Association administration firms have been hired, however, to assist with administrative functions such as day-to-day operations, finances, membership management, and meeting coordination.

Stability on the Board of Directors has been an important component of the ACGA’s success. There are a few dozen individuals who have dedicated years, and in some instances decades, to ACGA board service, and the ACGA will forever be in their debt.

As with most things in our society today, technology has driven significant changes in the non-profit and charitable gift planning worlds. The ACGA Board of Directors began a strategic planning process in 2018 to strengthen and retain our important role in promulgating actuarially sound maximum gift annuity rates that provide a fair return to annuitants and a generous residuum to the issuing charities, our ongoing gift annuity research, educational opportunities and monitoring of state regulations.

The Board hired an outside strategic planning expert to lead this process and we spent the last 3 years revising our Board structure, brand and value, funding resources, and our strategic relationships. We are proud of what we have accomplished and the thankful to the ACGA volunteers and partners that made this work possible. The Board has not met in person since December 2019, and two new classes of Board members have never met in person. Despite that, the work your Board has accomplished during these difficult times has been nothing short of amazing.

Entering 2022, we will continue to focus on achieving our vision of being the premier resource for charitable gift annuity program success. This includes our continuing efforts to include talented gift planners from diverse backgrounds as new Board members. We hope to bring our Board back together again in 2022 to reconnect as we will be more efficient and effective when meeting in person.

We appreciate the support our members give the ACGA, and we want to return that support by being considerate of your budget restrictions. We hope you are making plans to attend our upcoming 2022 ACGA Conference in April… from anywhere! Our volunteers have been working hard to source relevant and timely topics and speakers. We are excited to present these sessions in a virtual format that will allow many more gift planning professionals to attend and benefit from the educational opportunities being offered. Please watch your email for our conference registration announcement this month. We priced our event with you in mind and will be offering a $499 rate for associate members and $549 for nonmember.

Wishing you a joyous holiday season, a robust year-end giving season, and a Happy New Year!

Last Updated on Tuesday, November 30, 2021 12:02 PM