To many, donor intent and philanthropic purpose are simple concepts and creating a clear mission statement seems to be a straightforward task. But the reality is that too often philanthropists lean on people’s altruism or good intentions to interpret what they meant when they defined their mission.

A vitally important step in safeguarding donor intent is defining and clarifying your mission statement.

When philanthropists fail to make their vision and priorities clear, donor intent is easily eroded. Defining your mission can take time ... No mission statement can fully protect you, but it will give those whom you have selected to carry out your legacy the tools to advance your interests.

In our 25 years of experience, The Philanthropy Roundtable has gathered real-world stories of how philanthropists have set their purpose, learned from their mistakes, and then transitioned their mission statement from ambiguous to clear.

Read the full article about clarifying your philanthropic purpose at The Philanthropy Roundtable.