Legacy Long Term Revenues For Non-Profits? Is It Possible?
May 18, 2022
Hosted by Frank Helring
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Guest Information
Episode Description
My past tenure's of business experience includes a 4 year Executive Director, CEO position with World Vision, International for 2 years and then CEO of my own Non-Profit under their tutelage and guidance of for an additional 2 years of service. So believe me, I know the drill of not only managing but also owning my own Non-Profit with all the bells and whistles that accompany that Market Sector of Service and Finance. One thing that always reared its ugly head is the reality that YOU were responsible for EVERY dollar that came in the front door and those that left out the back. It's like living in a glass house/fish bowl because EVERYTHING that you said, did or spent came under such scrutiny because the money at your disposal was NEVER your OWN because either through Grants Public Funding, Donors or Private Corporate Contributions you lived or died on someone else's Approval or Generosity. Needless to say, I found myself in a constant state of PROVING our Mission and our LONGEVITY based upon the eventual APPROVAL of both my Executive Advisory Board Members and the communications to our capital base that kept the gears grinding with the cash necessary to run the machine and keep the iights on! The thought of LEGACY never entered my mind, because the day in and day out of just making what we had at our disposal WORK and serve the MISSION that we had undertaken was enough for any one lifetime. Is there a better way to finance philanthropic venture's now or in the future? Well today, my guest and I will explore that very arduous task because to my knowledge the ONLY Non-Profit that has really stood the test of time in this elusive category is the Presbyterian Ministers Funds which established an ENDOWMENT strategy of utilizing the procurement of Life Insurance being placed upon ALL of their Ministers dating back to the year 1716. From that time to today, that fund has placed LIfe Insurance up on the lives of EVERY Minister that ever donned a white collar and went to work for the betterment of mankind. Today, there are Billions of Dollars in that fund all due to the leverage that life insurance provide whiich is being there at the time it is needed the most Another verifiable points is that banks, yes bankers invest 25% of their total assets in the life insurance industry??? You mean to tell me that those funds don't go into the coffers of their banks alone? Hmmmm, do they know something you don't? My guest today, is out to spread the word amongst Non-Profits today that there is a better way. He is a former NFL Football Player, a Best Selling Author of a recently released book and a tremendous testimony of a LIFE that was almost cut short and a LEGACY that would have been very short lived. Join me today as we rediscover the VALUE of what a LEGACY LONG TERM FINANCIAL STRATEGY could mean to the world of Non-Profit's who are in desperate need of a solution to their financial "Merry Go Rounds".
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Frank Helring
Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.
