What You Should Know Before You Donate | 801

"If you're giving millions, treat it like an investment—because your legacy is on the line." What You’ll Discover Today: In this episode of The Inside BS Show, Dave Lorenzo sits down with Michael Cleavenger, a seasoned fundraising strategist and advisor to affluent donors, to pull back the curtain on how nonprofit organizations really work. They explore how high-net-worth individuals can contribute meaningfully and responsibly, and how to avoid common pitfalls when making large donations. Key Topics Discussed:How Michael Cleavenger raised over $260 million for the Illinois Institute of Technology and what he learned in the processThe biggest myth about nonprofit donations—and why tax benefits aren’t the main motivatorThe truth about nonprofit operations: P&L statements, executive compensation, and board oversightWhy long-term donors value relationships more than transactionsWhat major donors should demand before giving: contracts, audits, and real oversightThe pyramid strategy of fundraising—from large gifts to grassroots donationsRed flags to look for in a nonprofit’s Form 990The difference between mission-driven programs and revenue-chasing “mission creep”How naming rights work—and why they’re rarely permanentWhy some donors choose to sunset their foundations and how that affects future giving Links and Resources:Subscribe Via Email: GetInsideBS.comListen on Spotify: Inside BS Show on SpotifyListen on Apple Podcasts: Inside BS Show on Apple PodcastsCall Us: (305) 692-5531 Call to Action: If you’re thinking about making a significant contribution to a nonprofit organization—or advising someone who is—listen to this episode first. Then, connect with Michael Cleavenger to ensure your legacy is protected and your impact is real.