MAGAZINE TITLE
Jim King
Coming SOON!
The Complete Book & Training Manual for a successful Non-Profit Financial Plan
Hi! I'm Jim King.
And, no, I am NOT a Banker. Well, at least in the manner most people think of Bankers.
You see, I think more like this:
But, that's a side track of what we are here to talk about. A VERY BIG Concept, for sure.
And, I want to get into that with you.
But let's talk about the ONE THING EVERY NON-PROFIT NEEDS:
More about Me.
I know what you're thinking: WHAT? WHY? and especially, HOW?
Non-Profit Organizations efforts are very rewarding.
But the challenges and obstacles are real. Very real.
Still, the MAIN CONCERNS that non-profits face are:
(1) inadequate funding and
(2) long-term financial sustainability.
Most of the efforts go towards fundraising. Naturally. That's what you do.
Yet, when those finances are gone....... then what?
Start over? Rinse & repeat.
Why not put some effort into developing a plan that can turn a portion of that raised capital into an ongoing generational transfer of wealth TO the non-profit.
Naturally. Consistently. And, YOU are in control of those funds.
Precious few non-profits envision building their own capital program designed to eliminate the typical merry-go-round banking function with public & private lenders.
Like most of American people and businesses, we think like we've been trained to think.
We think like consumers.
We must learn to:
WHAT?
Because your Non-Profit should do what Banks do!
WHY not?
Background: The Board of virtually every non-profit makes decisions with an eye towards the typical P & L Statement. Why? Because that’s what Banks….and the normal consumer... want to see. This is how ‘it’s done’.
You know how Banks operate, or you should. They take in deposits (yours & others) only offer a low rate of interest on those deposits -their working capital- but then loan it out at much higher rates. To you and other depositors.
We’re ALL brought up to think like consumers. The party line is that the Banks ‘guard’ our money for us, (*see below) pay us a pittance for using it and then charge much higher rates to loan it out. That’s after endless application forms.
Maybe that is frustrating, but it is the norm. Bankers are not bad people.
They TELL what us they're doing. People just accept it. Silly consumers.
Question: Do you know what Banks do with THEIR profits?
The vast majority actually DO what they tell us NOT to do. Imagine that.
They tell us to put money into CD’s, annuities, stocks, bonds, even some high risk investments. Fine. Maybe.
Yet, Banks hold massive sums of money in whole life insurance policies on their Top Executives (Tier 1 employees). It’s normally a line item listed as BOLI = Bank-Owned Life Insurance on a Financial Statement.
The Largest American Corporations do the same. Why?
Because this is the safest place to hold money. Banks receive a solid and secure rate of return while still having access to the money – to loan out at higher rates!
They're continually building their capital fund. =Smart.
*As an aside, did you know that as of March 31, 2025, the FDIC's Deposit Insurance Fund was $140.9 billion, which is about 1.31% of the TOTAL OF ALL Bank Deposits.
What that means is technically out of every $100.00 you have in your Bank Savings Account the FDIC guarantees $1.31.
One Dollar and Thirty-One Cents.
Pretty safe, huh.
WHY?
HOW?
Most Non-Profits have Top Executives. Tier 1 people. Don't you?
Remember that BOLI line item?
Simply take out one (or more) qualifying Whole Life Insurance Policy on an insurable Board Member or Donor. Keep in mind the NON-PROFIT owns the Policy, not the Insured.
Then YOU, your Non-Profit, can control all the decisions about how ‘your money’ is used, lent and borrowed - plus when and how it’s paid back. Just like a Bank.
With little to no application to fill out, you can access your money, pay back your loan with interest and put that money with interest back into ‘YOUR Bank’.
Just like Commercial Lenders, you are growing ‘YOUR Bank’ .
SECURITY?
Instead of shaky FDIC, the whole life insurance policy is guaranteed by the Death Benefit. This allows the Non-Profit to protect itself while allowing incredible control over how the non-profit will pay back the loan, and when.
Flowing your money in this manner provides:
1- Protection (death benefit)
2- Access to the capital
3- Control all ‘banking’ functions
4- Growth in your policy & death benefit by paying back the loan plus interest.
5- Compounding never stops.
And the Yearly Dividends? Not all insurance companies are the same!
There are select national insurance companies have never missed a distribution; some for over 150 straight. We only choose to work with these top national companies.
Stop thinking like a Consumer whose money is leaving their hand forever!
Keep your money WORKING for you.
