Doing Good and Doing Well

Now your donor has a lifetime income stream of $5,900 every year or $491.66 every month, and you are $100,000 closer to your planned-giving goals. If the donor had a conventional mortgage, it was satisfied in the RM refinance, resulting in him having his monthly payment liquidated. Remember, the RM lender pays the donor. So now your very happy donor has $491.66 per month he didn’t have before and no more mortgage payments to make. And now the family name is in the boardroom and at the top of the gift-recognition plaque.