FundSvcs Community

To piggyback on this, what are OUR requirements as the charity for reporting? If we receive a check from a charitable trust to pay for, say athletic seating, we would provide an appropriate receipt detailing that they're getting seating in return. Is it up to the donor to be sure they handle the tax piece appropriately or do we have a mandate from the IRS to report this or return the gift? I've run into this at past institutions where the onus was placed on the donor so long as their documentation with the gift didn't specifically say that we agree not to provide benefits as in the cases of a DAF gift. On Tue, Mar 5, 2019 at 9:53 AM Forrest, Aaron <aaron.forrest@rochester.edu> wrote: > Are they attending the event? You cannot pay for benefits from money that > you told the IRS was a fully tax deductible donation in the past. That is > illogical. > > > > Aaron > > > > Aaron Forrest CPA > > Senior Director Gift and Donor Services > > University of Rochester Office of Advancement > > Larry and Cindy Bloch Alumni and Advancement Center > > 300 East River Road > > Rochester NY 14627 > > Office 585.275.2799 / Fax 585-273-4558 > > Email aaron.forrest@rochester.edu > > > > [image: Description: Description: Description: > cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> > > P Please consider the environment before printing this email. > > Confidentiality Notice: This message, including attachments may contain > confidential information. Any unauthorized use, disclosure or distribution > is prohibited. > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Tracey Mullane > *Sent:* Tuesday, March 5, 2019 9:45 AM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [FUNDSVCS] Charitable Trusts paying for event sponsorships? > > > > Are there any IRS prohibitions on a person paying for an event sponsorship > from their charitable trust in the same way DAFs and Family Foundations are > prohibited? I’ve done some digging on this site and online and haven’t > found anything that says either way. > > > > Thanks! > > -t > > > > *Tracey Mullane* > > Director, Development Operations | Partners In Health > > 800 Boylston St. Suite 300 | Boston, MA 02199-8190 > > (857) 880-5729 | tmullane@pih.org > > [image: cid:image001.jpg@01D33132.DEED3610] > <https://urldefense.proofpoint.com/v2/url?u=http-3A__www.pih.org_&d=DwMFAg&c=kbmfwr1Yojg42sGEpaQh5ofMHBeTl9EI2eaqQZhHbOU&r=MraOYpMOnCsIdm9axhPA4iXJhhPExcCA4gBqoRhHvTU&m=h19Nu6CaylvJaAeqQ_hDFB-j10qm6WOhcTIjibrNrW8&s=neaku4eB5fDrsscpjwqnfKgvmFVGLSNxZEKzZYdENeE&e=> > > > > > > > -- Mandy L. L. Smith Director of Gifts and Records Management Development & Alumni Relations Virginia Commonwealth University PO Box 842026 111 N. Fourth St. Richmond, VA 23219 (804) 828-0348 mlsmith4@vcu.edu The information contained in this message may be privileged and confidential and protected from disclosure. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer.

Are there any IRS prohibitions on a person paying for an event sponsorship from their charitable trust in the same way DAFs and Family Foundations are prohibited? I've done some digging on this site and online and haven't found anything that says either way. Thanks! -t Tracey Mullane Director, Development Operations | Partners In Health 800 Boylston St. Suite 300 | Boston, MA 02199-8190 (857) 880-5729 | tmullane@pih.org<mailto:tmullane@pih.org> [cid:image001.jpg@01D33132.DEED3610]<http://www.pih.org/>

Are they attending the event? You cannot pay for benefits from money that you told the IRS was a fully tax deductible donation in the past. That is illogical. Aaron Aaron Forrest CPA Senior Director Gift and Donor Services University of Rochester Office of Advancement Larry and Cindy Bloch Alumni and Advancement Center 300 East River Road Rochester NY 14627 Office 585.275.2799 / Fax 585-273-4558 Email aaron.forrest@rochester.edu [Description: Description: Description: cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> P Please consider the environment before printing this email. Confidentiality Notice: This message, including attachments may contain confidential information. Any unauthorized use, disclosure or distribution is prohibited. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Tracey Mullane Sent: Tuesday, March 5, 2019 9:45 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Charitable Trusts paying for event sponsorships? Are there any IRS prohibitions on a person paying for an event sponsorship from their charitable trust in the same way DAFs and Family Foundations are prohibited? I've done some digging on this site and online and haven't found anything that says either way. Thanks! -t Tracey Mullane Director, Development Operations | Partners In Health 800 Boylston St. Suite 300 | Boston, MA 02199-8190 (857) 880-5729 | tmullane@pih.org<mailto:tmullane@pih.org> [cid:image001.jpg@01D33132.DEED3610]<https://urldefense.proofpoint.com/v2/url?u=http-3A__www.pih.org_&d=DwMFAg&c=kbmfwr1Yojg42sGEpaQh5ofMHBeTl9EI2eaqQZhHbOU&r=MraOYpMOnCsIdm9axhPA4iXJhhPExcCA4gBqoRhHvTU&m=h19Nu6CaylvJaAeqQ_hDFB-j10qm6WOhcTIjibrNrW8&s=neaku4eB5fDrsscpjwqnfKgvmFVGLSNxZEKzZYdENeE&e=>

I’m not a lawyer and do not know the answer. But our preference would be to protect the donor and not accept. Aaron Aaron Forrest CPA Senior Director Gift and Donor Services University of Rochester Office of Advancement Larry and Cindy Bloch Alumni and Advancement Center 300 East River Road Rochester NY 14627 Office 585.275.2799 / Fax 585-273-4558 Email aaron.forrest@rochester.edu [Description: Description: Description: cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> P Please consider the environment before printing this email. Confidentiality Notice: This message, including attachments may contain confidential information. Any unauthorized use, disclosure or distribution is prohibited. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Mandy Smith Sent: Tuesday, March 5, 2019 10:21 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] Charitable Trusts paying for event sponsorships? To piggyback on this, what are OUR requirements as the charity for reporting? If we receive a check from a charitable trust to pay for, say athletic seating, we would provide an appropriate receipt detailing that they're getting seating in return. Is it up to the donor to be sure they handle the tax piece appropriately or do we have a mandate from the IRS to report this or return the gift? I've run into this at past institutions where the onus was placed on the donor so long as their documentation with the gift didn't specifically say that we agree not to provide benefits as in the cases of a DAF gift. On Tue, Mar 5, 2019 at 9:53 AM Forrest, Aaron <aaron.forrest@rochester.edu<mailto:aaron.forrest@rochester.edu>> wrote: Are they attending the event? You cannot pay for benefits from money that you told the IRS was a fully tax deductible donation in the past. That is illogical. Aaron Aaron Forrest CPA Senior Director Gift and Donor Services University of Rochester Office of Advancement Larry and Cindy Bloch Alumni and Advancement Center 300 East River Road Rochester NY 14627 Office 585.275.2799 / Fax 585-273-4558 Email aaron.forrest@rochester.edu<mailto:aaron.forrest@rochester.edu> [Description: Description: Description: cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> P Please consider the environment before printing this email. Confidentiality Notice: This message, including attachments may contain confidential information. Any unauthorized use, disclosure or distribution is prohibited. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG>> On Behalf Of Tracey Mullane Sent: Tuesday, March 5, 2019 9:45 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG> Subject: [FUNDSVCS] Charitable Trusts paying for event sponsorships? Are there any IRS prohibitions on a person paying for an event sponsorship from their charitable trust in the same way DAFs and Family Foundations are prohibited? I’ve done some digging on this site and online and haven’t found anything that says either way. Thanks! -t Tracey Mullane Director, Development Operations | Partners In Health 800 Boylston St. Suite 300 | Boston, MA 02199-8190 (857) 880-5729 | tmullane@pih.org<mailto:tmullane@pih.org> [cid:image001.jpg@01D33132.DEED3610]<https://urldefense.proofpoint.com/v2/url?u=http-3A__www.pih.org_&d=DwMFAg&c=kbmfwr1Yojg42sGEpaQh5ofMHBeTl9EI2eaqQZhHbOU&r=MraOYpMOnCsIdm9axhPA4iXJhhPExcCA4gBqoRhHvTU&m=h19Nu6CaylvJaAeqQ_hDFB-j10qm6WOhcTIjibrNrW8&s=neaku4eB5fDrsscpjwqnfKgvmFVGLSNxZEKzZYdENeE&e=> -- Mandy L. L. Smith Director of Gifts and Records Management Development & Alumni Relations Virginia Commonwealth University PO Box 842026 111 N. Fourth St. Richmond, VA 23219 (804) 828-0348 mlsmith4@vcu.edu<mailto:mlsmith4@vcu.edu> The information contained in this message may be privileged and confidential and protected from disclosure. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer. [https://docs.google.com/uc?export=download&id=0B5ekSP4seDpALXlpbFFsX1VaMms&revid=0B5ekSP4seDpAdDE1amhqOGFIdFE2dFZoN1NzQWIvdmdEYUFjPQ]