FundSvcs Community

If an individual expresses their intent to give (ie $25,000 paid over 5 years), and they intend to pay us out of their Donor Advised Fund, is there a -legal- way to record the pledge intent? Thank you, -- *Gwen Donev* Director of Advancement Services Gustavus Adolphus College 800 West College Avenue Saint Peter, Minnesota 56082 Email: gwendonev@gustavus.edu Office: 507.933.6515

This is great, thanks John! I wonder if anyone out there has some sample language that they've incorporated in their pledge agreements that they'd be willing to share? Gwen On Tue, Jan 8, 2019 at 12:25 PM John Taylor <johntaylorconsulting@gmail.com> wrote: > Only if the donor signs a pledge agreement stipulating to being personally > responsible for the entire amount should a third-party payment not > materialize. > > Most of my clients now incorporate such language in those pledge > agreements they wish to count and book on the GL. Absent that, you can > record the intention but it cannot be booked nor can it be counted per CASE. > > John > > John H. Taylor > Principal, John H. Taylor Consulting > 2604 Sevier St. > Durham, NC 27705 > johntaylorconsulting@gmail.com > 919.816.5903 (cell/text) > > Serving the Advancement Community Since 1987 > > > On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: > >> If an individual expresses their intent to give (ie $25,000 paid over 5 >> years), and they intend to pay us out of their Donor Advised Fund, is there >> a -legal- way to record the pledge intent? >> >> Thank you, >> >> -- >> *Gwen Donev* >> >> Director of Advancement Services >> >> Gustavus Adolphus College >> >> 800 West College Avenue >> >> Saint Peter, Minnesota 56082 >> >> >> >> Email: gwendonev@gustavus.edu >> >> Office: 507.933.6515 >> > -- *Gwen Donev* Director of Advancement Services Gustavus Adolphus College 800 West College Avenue Saint Peter, Minnesota 56082 Email: gwendonev@gustavus.edu Office: 507.933.6515

Only if the donor signs a pledge agreement stipulating to being personally responsible for the entire amount should a third-party payment not materialize. Most of my clients now incorporate such language in those pledge agreements they wish to count and book on the GL. Absent that, you can record the intention but it cannot be booked nor can it be counted per CASE. John John H. Taylor Principal, John H. Taylor Consulting 2604 Sevier St. Durham, NC 27705 johntaylorconsulting@gmail.com 919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: > If an individual expresses their intent to give (ie $25,000 paid over 5 > years), and they intend to pay us out of their Donor Advised Fund, is there > a -legal- way to record the pledge intent? > > Thank you, > > -- > *Gwen Donev* > > Director of Advancement Services > > Gustavus Adolphus College > > 800 West College Avenue > > Saint Peter, Minnesota 56082 > > > > Email: gwendonev@gustavus.edu > > Office: 507.933.6515 >

What I described was a personal pledge. It does not encumber the DAF/private foundation. The individual is on the hook for the entire amount. If a third-party makes a related gift you can manually reduce the personal pledge voluntarily if you so choose. The original question was how can they actually book an "intent" if the donor says the gifts will come from a third party. The answer is you cannot - you can only book a personal commitment. John John H. Taylor Principal, John H. Taylor Consulting 2604 Sevier St. Durham, NC 27705 johntaylorconsulting@gmail.com 919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Tue, Jan 8, 2019 at 2:23 PM Ruth Jones < 000000024edc078f-dmarc-request@listserv.fundsvcs.org> wrote: > Just a follow-up question - and maybe I missed something - but, wouldn't > that be a personal "pledge" on the DAF? I thought that wasn't appropriate. > I guess I'm getting tripped on the verbiage from the original question: the > donor's "intent to give" rather than an intention to direct or advise from > a DAF. Those are two different things, right? > > Ruth Jones > > Ruth Jones, CFRE, Director of Fund Development > > Presbyterian Manor - The House of Hope > > Ph: 940-696-8644 > > Fax: 940-691-3742 > > *rjones@presmanor.org* > > *www.presmanor.org* <http://www.presmanor.org/> > > > On ‎Tuesday‎, ‎January‎ ‎8‎, ‎2019‎ ‎12‎:‎33‎:‎47‎ ‎PM‎ ‎CST, Gwen Donev < > gwendonev@GUSTAVUS.EDU> wrote: > > > This is great, thanks John! > > I wonder if anyone out there has some sample language that they've > incorporated in their pledge agreements that they'd be willing to share? > > Gwen > > On Tue, Jan 8, 2019 at 12:25 PM John Taylor < > johntaylorconsulting@gmail.com> wrote: > > Only if the donor signs a pledge agreement stipulating to being personally > responsible for the entire amount should a third-party payment not > materialize. > > Most of my clients now incorporate such language in those pledge > agreements they wish to count and book on the GL. Absent that, you can > record the intention but it cannot be booked nor can it be counted per CASE. > > John > > John H. Taylor > Principal, John H. Taylor Consulting > 2604 Sevier St. > Durham, NC 27705 > johntaylorconsulting@gmail.com > 919.816.5903 (cell/text) > > Serving the Advancement Community Since 1987 > > > On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: > > If an individual expresses their intent to give (ie $25,000 paid over 5 > years), and they intend to pay us out of their Donor Advised Fund, is there > a -legal- way to record the pledge intent? > > Thank you, > > -- > *Gwen Donev* > > Director of Advancement Services > > Gustavus Adolphus College > > 800 West College Avenue > > Saint Peter, Minnesota 56082 > > > > Email: gwendonev@gustavus.edu > > Office: 507.933.6515 > > > > -- > *Gwen Donev* > > Director of Advancement Services > > Gustavus Adolphus College > > 800 West College Avenue > > Saint Peter, Minnesota 56082 > > > > Email: gwendonev@gustavus.edu > > Office: 507.933.6515 >

I’m more than a bit of a curmudgeon, but if someone wanted to record my intention to make a gift, I would tell them to forget the gift. Plain and simple. If I’m missing something here, let me know. Peter Wylie Sent from my iPad > On Jan 8, 2019, at 1:24 PM, John Taylor <johntaylorconsulting@GMAIL.COM> wrote: > > Only if the donor signs a pledge agreement stipulating to being personally responsible for the entire amount should a third-party payment not materialize. > > Most of my clients now incorporate such language in those pledge agreements they wish to count and book on the GL. Absent that, you can record the intention but it cannot be booked nor can it be counted per CASE. > > John > > John H. Taylor > Principal, John H. Taylor Consulting > 2604 Sevier St. > Durham, NC 27705 > johntaylorconsulting@gmail.com > 919.816.5903 (cell/text) > > Serving the Advancement Community Since 1987 > > >> On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: >> If an individual expresses their intent to give (ie $25,000 paid over 5 years), and they intend to pay us out of their Donor Advised Fund, is there a -legal- way to record the pledge intent? >> >> Thank you, >> >> -- >> Gwen Donev >> Director of Advancement Services >> Gustavus Adolphus College >> 800 West College Avenue >> Saint Peter, Minnesota 56082 >> >> Email: gwendonev@gustavus.edu >> Office: 507.933.6515

Peter! I miss you. Glad to hear you’re out there. Sasha (Bard) On Tue, Jan 8, 2019 at 3:29 PM Pbradwylie < 00000025c7212c7e-dmarc-request@listserv.fundsvcs.org> wrote: > I’m more than a bit of a curmudgeon, but if someone wanted to record my > intention to make a gift, I would tell them to forget the gift. Plain and > simple. If I’m missing something here, let me know. > > Peter Wylie > > Sent from my iPad > > On Jan 8, 2019, at 1:24 PM, John Taylor <johntaylorconsulting@GMAIL.COM> > wrote: > > Only if the donor signs a pledge agreement stipulating to being personally > responsible for the entire amount should a third-party payment not > materialize. > > Most of my clients now incorporate such language in those pledge > agreements they wish to count and book on the GL. Absent that, you can > record the intention but it cannot be booked nor can it be counted per CASE. > > John > > John H. Taylor > Principal, John H. Taylor Consulting > 2604 Sevier St. > <https://maps.google.com/?q=2604+Sevier+St.+Durham,+NC+27705&entry=gmail&source=g> > Durham, NC > <https://maps.google.com/?q=2604+Sevier+St.+Durham,+NC+27705&entry=gmail&source=g> > 27705 > <https://maps.google.com/?q=2604+Sevier+St.+Durham,+NC+27705&entry=gmail&source=g> > johntaylorconsulting@gmail.com > 919.816.5903 (cell/text) > > Serving the Advancement Community Since 1987 > > > On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: > >> If an individual expresses their intent to give (ie $25,000 paid over 5 >> years), and they intend to pay us out of their Donor Advised Fund, is there >> a -legal- way to record the pledge intent? >> >> Thank you, >> >> -- >> *Gwen Donev* >> >> Director of Advancement Services >> >> Gustavus Adolphus College >> >> 800 West College Avenue >> <https://maps.google.com/?q=West+College+Avenue+%0D%0A%0D%0A+Saint+Peter,+Minnesota+56082&entry=gmail&source=g> >> >> <https://maps.google.com/?q=West+College+Avenue+%0D%0A%0D%0A+Saint+Peter,+Minnesota+56082&entry=gmail&source=g> >> >> Saint Peter, Minnesota 56082 >> <https://maps.google.com/?q=West+College+Avenue+%0D%0A%0D%0A+Saint+Peter,+Minnesota+56082&entry=gmail&source=g> >> >> >> >> Email: gwendonev@gustavus.edu >> >> Office: 507.933.6515 >> > -- Sasha Boak-Kelly Director of Development Office of Development and Alumni/ae Affairs Anne Cox Chambers Alumni/ae Center, Room 108 Bard College PO Box 5000 Annandale on Hudson, NY 12504 boak@bard.edu office: 845 758 7407 mobile: 917 972 1069

A follow-up question to my original question: how does this change if we are talking about a Grant letter from the National Philanthropic Trust? They state on page 1 in the grant agreement letter that they are a sponsoring charity of donor-advised funds, and name the Advisors to the grant, and go on to refer to "binding grant" and a "non-binding grant". Are we allowed to record the intent to give as a grant by the NPT? They are a new organization to us. Gwen On Tue, Jan 8, 2019 at 3:20 PM Sasha Boak-Kelly <boak@bard.edu> wrote: > Peter! > I miss you. > Glad to hear you’re out there. > > Sasha (Bard) > > On Tue, Jan 8, 2019 at 3:29 PM Pbradwylie < > 00000025c7212c7e-dmarc-request@listserv.fundsvcs.org> wrote: > >> I’m more than a bit of a curmudgeon, but if someone wanted to record my >> intention to make a gift, I would tell them to forget the gift. Plain and >> simple. If I’m missing something here, let me know. >> >> Peter Wylie >> >> Sent from my iPad >> >> On Jan 8, 2019, at 1:24 PM, John Taylor <johntaylorconsulting@GMAIL.COM> >> wrote: >> >> Only if the donor signs a pledge agreement stipulating to being >> personally responsible for the entire amount should a third-party payment >> not materialize. >> >> Most of my clients now incorporate such language in those pledge >> agreements they wish to count and book on the GL. Absent that, you can >> record the intention but it cannot be booked nor can it be counted per CASE. >> >> John >> >> John H. Taylor >> Principal, John H. Taylor Consulting >> 2604 Sevier St. >> <https://maps.google.com/?q=2604+Sevier+St.+Durham,+NC+27705&entry=gmail&source=g> >> Durham, NC >> <https://maps.google.com/?q=2604+Sevier+St.+Durham,+NC+27705&entry=gmail&source=g> >> 27705 >> <https://maps.google.com/?q=2604+Sevier+St.+Durham,+NC+27705&entry=gmail&source=g> >> johntaylorconsulting@gmail.com >> 919.816.5903 (cell/text) >> >> Serving the Advancement Community Since 1987 >> >> >> On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> >> wrote: >> >>> If an individual expresses their intent to give (ie $25,000 paid over 5 >>> years), and they intend to pay us out of their Donor Advised Fund, is there >>> a -legal- way to record the pledge intent? >>> >>> Thank you, >>> >>> -- >>> *Gwen Donev* >>> >>> Director of Advancement Services >>> >>> Gustavus Adolphus College >>> >>> 800 West College Avenue >>> <https://maps.google.com/?q=West+College+Avenue+%0D%0A%0D%0A+Saint+Peter,+Minnesota+56082&entry=gmail&source=g> >>> >>> <https://maps.google.com/?q=West+College+Avenue+%0D%0A%0D%0A+Saint+Peter,+Minnesota+56082&entry=gmail&source=g> >>> >>> Saint Peter, Minnesota 56082 >>> <https://maps.google.com/?q=West+College+Avenue+%0D%0A%0D%0A+Saint+Peter,+Minnesota+56082&entry=gmail&source=g> >>> >>> >>> >>> Email: gwendonev@gustavus.edu >>> >>> Office: 507.933.6515 >>> >> -- > Sasha Boak-Kelly > Director of Development > Office of Development and Alumni/ae Affairs > Anne Cox Chambers Alumni/ae Center, Room 108 > Bard College > PO Box 5000 > Annandale on Hudson, NY 12504 > boak@bard.edu > office: 845 758 7407 > mobile: 917 972 1069 > -- *Gwen Donev* Director of Advancement Services Gustavus Adolphus College 800 West College Avenue Saint Peter, Minnesota 56082 Email: gwendonev@gustavus.edu Office: 507.933.6515

You may “book” a binding grant. Non-binding means just that and is considered revocable and not enforceable. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On Jan 8, 2019, at 5:41 PM, Gwen Donev <gwendonev@gustavus.edu> wrote: > > A follow-up question to my original question: how does this change if we are talking about a Grant letter from the National Philanthropic Trust? They state on page 1 in the grant agreement letter that they are a sponsoring charity of donor-advised funds, and name the Advisors to the grant, and go on to refer to "binding grant" and a "non-binding grant". > > Are we allowed to record the intent to give as a grant by the NPT? They are a new organization to us. > > Gwen > >> On Tue, Jan 8, 2019 at 3:20 PM Sasha Boak-Kelly <boak@bard.edu> wrote: >> Peter! >> I miss you. >> Glad to hear you’re out there. >> >> Sasha (Bard) >> >>> On Tue, Jan 8, 2019 at 3:29 PM Pbradwylie <00000025c7212c7e-dmarc-request@listserv.fundsvcs.org> wrote: >>> I’m more than a bit of a curmudgeon, but if someone wanted to record my intention to make a gift, I would tell them to forget the gift. Plain and simple. If I’m missing something here, let me know. >>> >>> Peter Wylie >>> >>> Sent from my iPad >>> >>>> On Jan 8, 2019, at 1:24 PM, John Taylor <johntaylorconsulting@GMAIL.COM> wrote: >>>> >>>> Only if the donor signs a pledge agreement stipulating to being personally responsible for the entire amount should a third-party payment not materialize. >>>> >>>> Most of my clients now incorporate such language in those pledge agreements they wish to count and book on the GL. Absent that, you can record the intention but it cannot be booked nor can it be counted per CASE. >>>> >>>> John >>>> >>>> John H. Taylor >>>> Principal, John H. Taylor Consulting >>>> 2604 Sevier St. >>>> Durham, NC 27705 >>>> johntaylorconsulting@gmail.com >>>> 919.816.5903 (cell/text) >>>> >>>> Serving the Advancement Community Since 1987 >>>> >>>> >>>>> On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: >>>>> If an individual expresses their intent to give (ie $25,000 paid over 5 years), and they intend to pay us out of their Donor Advised Fund, is there a -legal- way to record the pledge intent? >>>>> >>>>> Thank you, >>>>> >>>>> -- >>>>> Gwen Donev >>>>> Director of Advancement Services >>>>> Gustavus Adolphus College >>>>> 800 West College Avenue >>>>> Saint Peter, Minnesota 56082 >>>>> >>>>> Email: gwendonev@gustavus.edu >>>>> Office: 507.933.6515 >> -- >> Sasha Boak-Kelly >> Director of Development >> Office of Development and Alumni/ae Affairs >> Anne Cox Chambers Alumni/ae Center, Room 108 >> Bard College >> PO Box 5000 >> Annandale on Hudson, NY 12504 >> boak@bard.edu >> office: 845 758 7407 >> mobile: 917 972 1069 > > > -- > Gwen Donev > Director of Advancement Services > Gustavus Adolphus College > 800 West College Avenue > Saint Peter, Minnesota 56082 > > Email: gwendonev@gustavus.edu > Office: 507.933.6515

Just a follow-up question - and maybe I missed something - but, wouldn't that be a personal "pledge" on the DAF? I thought that wasn't appropriate. I guess I'm getting tripped on the verbiage from the original question: the donor's "intent to give" rather than an intention to direct or advise from a DAF. Those are two different things, right? Ruth Jones Ruth Jones, CFRE, Director of Fund Development Presbyterian Manor - The House of Hope Ph: 940-696-8644 Fax: 940-691-3742 rjones@presmanor.org www.presmanor.org On ‎Tuesday‎, ‎January‎ ‎8‎, ‎2019‎ ‎12‎:‎33‎:‎47‎ ‎PM‎ ‎CST, Gwen Donev <gwendonev@GUSTAVUS.EDU> wrote: This is great, thanks John! I wonder if anyone out there has some sample language that they've incorporated in their pledge agreements that they'd be willing to share? Gwen On Tue, Jan 8, 2019 at 12:25 PM John Taylor <johntaylorconsulting@gmail.com> wrote: Only if the donor signs a pledge agreement stipulating to being personally responsible for the entire amount should a third-party payment not materialize. Most of my clients now incorporate such language in those pledge agreements they wish to count and book on the GL.  Absent that, you can record the intention but it cannot be booked nor can it be counted per CASE. John John H. TaylorPrincipal, John H. Taylor Consulting 2604 Sevier St. Durham, NC   27705johntaylorconsulting@gmail.com919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Tue, Jan 8, 2019 at 12:50 PM Gwen Donev <gwendonev@gustavus.edu> wrote: If an individual expresses their intent to give (ie $25,000 paid over 5 years), and they intend to pay us out of their Donor Advised Fund, is there a -legal- way to record the pledge intent? Thank you, --  Gwen Donev Director of Advancement Services Gustavus Adolphus College 800 West College Avenue Saint Peter, Minnesota 56082   Email:  gwendonev@gustavus.edu Office:  507.933.6515 --  Gwen Donev Director of Advancement Services Gustavus Adolphus College 800 West College Avenue Saint Peter, Minnesota 56082   Email:  gwendonev@gustavus.edu Office:  507.933.6515