Successfully administering and managing distributions from gift annuities and charitable trusts – and any other ongoing contributions requiring significant planning and resources in the present – not only provides long-term support for your mission, it is essential to maintaining donor satisfaction. Backed by our expertise managing sophisticated charitable giving needs for nonprofits, Northern Trust’s Foundation & Institutional Advisors can provide a comprehensive range of planned giving services designed to meet your unique needs.
Whether you already have a planned giving program or would like to start one, Northern Trust helps you develop a program that benefits both you and your loyal donors. We can help streamline your gift administration process by providing support, such as, processing gifts, annuity payments and tax return preparation. We can also act as trustee or co-trustee of charitable trusts, provide a disciplined investment program management, board and staff education programs and expertise in managing specialty assets.
Katrina M. Pipasts
Katrina M. Pipasts is the Planned Giving Manager with Northern Trust’s Foundation & Institutional Advisors practice. She is responsible for client servicing, gift administration and execution of investment strategies for institutional planned giving assets. Katrina also manages the investment portfolios for Northern Trust's Donor Advised Fund program.
Prior to her current position, Katrina was a Senior Equity Index Portfolio Manager with Northern Trust Global Investments overseeing a team of portfolio managers managing pension, foundation and endowment assets in customized equity portfolios, tax advantaged portfolios and cash overlay products. Prior to joining Northern Trust, Katrina worked as a Fund Accountant and Equity Index Portfolio Manager. She managed and traded Small Cap and International equity portfolios, as well as launched a proprietary Socially Responsible S&P500 Index Fund and a proprietary Emerging Markets Index Fund.
Katrina received her B.S. degree in mathematics and statistics from the University of Western Ontario. She has a B.B.A. in accountancy from Western Michigan University. Other affiliations, past and present include: Treasurer, Chicago Council on Planned Giving, Member, Partnership for Philanthropic Planning, Member, American Council on Gift Annuities, Volunteer Tax Preparer, Center for Economic Progress, Member of the Advancement Advisory Council, Robert Morris University, Past Treasurer, Park Ridge Juniors Foundation, and Past President, Board of Directors of Brickton Montessori School.
Currently, Katrina is pursuing her Certified Specialist in Planned Giving designation at the American Institute for Philanthropic Studies at California State University Long Beach.
Whether your organization is launching a planned giving program or revitalizing an established one, it’s success requires best practices to guide the staff and board in cultivating the donor base. Successful programs incorporate these key elements into a cohesive and cooperative process, regardless of their organization’s size.
Creating your gift acceptance policy should be a collaborative process involving the development staff, finance staff, senior leadership, the board and in-house legal counsel. While recognizing that accepting a gift is at the discretion of the nonprofit, the gift must serve a purpose and support your nonprofit’s mission. Prior to your next fundraising, planned giving or endowment building program, make sure you have a dynamic gift acceptance policy in place.
For a nonprofit, “Cash is (often) King”: A donor receives a charitable deduction for an outright cash gift and the nonprofit can immediately put it to work to fund a building, a program or a project. However a donor’s long-term objectives to support a nonprofit might be better accomplished in structuring a deferred gift, such as a charitable gift annuity or a charitable remainder trust.
This information is not intended to be and should not be treated as legal advice, investment advice or tax advice and is for informational purposes only. Readers, including professionals, should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal or tax advice from their own counsel. All information discussed herein is current only as of the date appearing in this material and is subject to change at any time without notice.
Certain affiliates of Northern Trust may be utilized in providing investment management services, including Northern Trust Investments, Inc. and 50 South Capital Advisors, LLC, which are registered under the Investment Advisers Act of 1940.
This information, including any information regarding specific investment products or strategies, does not take into account the reader’s individual needs and circumstances and should not be construed as an offer, solicitation or recommendation to enter into any transaction or to utilize a specific investment product or strategy. This presentation is neither an offer to sell, nor a solicitation of an offer to buy an interest in an investment fund.