92-year-old Makes 4 Year Pledge of $100 Million to Nonprofit Organization

92-year-old Makes 4-Year Pledge of $100 Million to Nonprofit Organization

By Tom Wilson Major Gifts Guru

We used to say philanthropic age ended at age 80. But people are living longer and longer. This short gift report really intrigued me.

From The Chronicle of Philanthropy (7/2/09):

"William P. Clements, Jr., a former Texas governor, has pledged $100-million to Southwestern Medical Foundation in Dallas. ‘My single goal is to help encourage and advance scientific discovery and innovation, prepare the next generation of physicians for Texas and the nation, and ensure the delivery of world-class medical care, which I believe uniquely happens at this academic medical center.’

“Mr. Clements, who is 92, plans to pay off his pledge over the next four years. This is not Mr. Clements' first donation to the medical center. In 2006 he and his wife, Rita, gave the center $10-million for a building. . . . and in 1998 they donated approximately $1.3-million to support new faculty members.

Mr. Clements made his fortune in oil.”

As I look through this article, I see a pattern of ever increased giving over the last 10 years as well as a pledge from a 92-year old. Philanthropic age may be less meaningful than ongoing discussions with older donors. As long as they are sharp and interested in your cause, keep approaching them for major gifts.

Permanent Link: 92-year-old Makes 4 Year Pledge of $100 Million to Nonprofit Organization

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