I agree. I was just a little thrown by the language and needed input.
Thanks, Amy and John!
Jennifer
Jennifer P. Smith
Director, Gifts and Records Management
Advancement Services | University of Dayton
300 College Park | Curran Place
Dayton, OH 45469-7051
937.229.3263
<https://udayton.edu/advancement/give/day/?utm_campaign=advag16&utm_source=sig&utm_medium=email&utm_content=nd>
On Tue, Mar 19, 2019 at 4:47 PM Amy Phillips <
phillipsajud@cua.edu> wrote:
> Jennifer,
>
> No matter from what account the funds were drawn I have to believe the
> real question here is whether the release of those funds was "voluntary" in
> nature and the most likely answer is "no". The trigger for the funds being
> disbursed was the employee support of the PAC so it still strikes me that
> the transaction in question here is still an exchange and not a charitable
> gift.
>
> I'm no attorney and am simply offering my take... :-)
>
> With best regards,
>
> Amy
>
> Director of Advancement Services, Gift Acceptance
> Division of University Advancement
> The Catholic University of America
> 620 Michigan Avenue, E215 O'Connell Hall
> Washington, DC 20064
> Phone: 202-319-6919
> Email:
phillipsajud@cua.edu
>
>
>
> On Tue, Mar 19, 2019 at 3:30 PM Jennifer Smith <
jsmith4@udayton.edu>
> wrote:
>
>> I have the same inclination...i.e., it matters not what fund they use;
>> what matters is that it is PAC-related.
>>
>> Jennifer
>>
>> Jennifer P. Smith
>> Director, Gifts and Records Management
>> Advancement Services | University of Dayton
>> 300 College Park | Curran Place
>> Dayton, OH 45469-7051
>>
>> 937.229.3263
>>
>>
>> <https://udayton.edu/advancement/give/day/?utm_campaign=advag16&utm_source=sig&utm_medium=email&utm_content=nd>
>>
>>
>> On Tue, Mar 19, 2019 at 3:10 PM John Taylor <
>>
johntaylorconsulting@gmail.com> wrote:
>>
>>> Is the check drawn on the corporate account or a PAC account? I really
>>> do not believe it matters. It is my understanding from previous
>>> discussions on this and other lists that if the corporate payment is tied
>>> to a gift to a PAC it is still not tax-deductible.
>>>
>>> Wiser legal-folk on the list can provide more insight. I am simply
>>> restating what I have just read from a 2017 post on the subject.
>>>
>>> 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, Mar 19, 2019 at 2:55 PM Jennifer Smith <
jsmith4@udayton.edu>
>>> wrote:
>>>
>>>> I realize that I may have left out some key information. The check was
>>>> accompanied by a letter stating that the gift was made possible by an
>>>> employee through their participation in the company's PAC Charitable Match
>>>> Program. It then states that the contribution is made from corporate
>>>> treasury dollars and is not funded by the company's PAC committee. Does the
>>>> latter statement indicate that it is a gift from the company because it is
>>>> not from their PAC fund? Or, does that statement even matter?...i.e., it is
>>>> still PAC-related and is not a gift?
>>>>
>>>> Jennifer
>>>>
>>>> Jennifer P. Smith
>>>> Director, Gifts and Records Management
>>>> Advancement Services | University of Dayton
>>>> 300 College Park | Curran Place
>>>> Dayton, OH 45469-7051
>>>>
>>>> 937.229.3263
>>>>
>>>>
>>>> <https://udayton.edu/advancement/give/day/?utm_campaign=advag16&utm_source=sig&utm_medium=email&utm_content=nd>
>>>>
>>>>
>>>> On Mon, Mar 18, 2019 at 7:11 PM John Taylor <
>>>>
johntaylorconsulting@gmail.com> wrote:
>>>>
>>>>> If the funds are not from the PAC then they cannot be coming from a
>>>>> PAC fund/account. I believe those funds must be kept separate.
>>>>>
>>>>> If the check is drawn on a PAC account yet they are telling you they
>>>>> are not PAC funds, I would be calling the corporate CFO to get
>>>>> clarification from them rather than take the word of the PAC.
>>>>>
>>>>> 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 Mon, Mar 18, 2019 at 6:50 PM Jennifer Smith <
jsmith4@udayton.edu>
>>>>> wrote:
>>>>>
>>>>>> We just received PAC match $$ from a company per an employee's
>>>>>> contribution to the company's PAC. Typically, I know that neither the
>>>>>> company nor employee has made a tax-deductible gift. However, the
>>>>>> accompanying letter states..."This contribution is made from corporate
>>>>>> treasury dollars and is not funded by <the company's> Political Action
>>>>>> Committee. They further advise where tax receipts "and/or" other
>>>>>> correspondence should be directed. This language has caused me to question
>>>>>> whether this might be considered a gift from the company. The reason for
>>>>>> their "gift" hasn't changed. But, with regard to classifying this as a gift
>>>>>> or not, does it matter that the $$ did not come from the PAC fund?
>>>>>>
>>>>>