FundSvcs Community

If one of the organizations serves as the fiscal agent, under an agreement, it works. The fiscal agent receives the money, properly receipts and thanks the donor under the fiscal agent, but discloses the benefit to both organizations (use of proceeds), and then the half proceeds were disbursed to the other organization. And in my case, both had overlapping missions. Donna Rex consultant donnafund@gmail.com Mobile 904.910.9140 > On Mar 19, 2019, at 10:56 AM, Forrest, Aaron <aaron.forrest@ROCHESTER.EDU> wrote: > > Has legal approved? Curious. I was under a fuzzy impression (not a lawyer!) that this wasn’t allowed due to your 501c3 status with IRS relates to only your mission and line of business specifically. And that raising money for any other purposes would make the sky fall. I may be mistaken. We’ve never run into this situation here. And we have some language disallowing diverting fundraising proceeds to third parties. I am curious though as you never know when a wild idea like this will come up. > > 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 > > <image002.jpg> <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 Gross, Debra > Sent: Tuesday, March 19, 2019 10:45 AM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: [FUNDSVCS] Joint Fundraising logistics > > Morning all > > If you’ve done a joint fundraiser with another non-profit, would you be willing to share how you made it work? The plan is for us to collect the donations, deduct expenses and then split the net proceeds. We’re in Raiser’s Edge but that probably doesn’t matter. We will have a contract or formal agreement in place to protect each other. > > · How did you process the gifts? > · Did gift receipting change? How? > · How did you account for the money flowing in so reports were not impacted by the gross? > · How did you work with your Finance department on this? > > Thanks so much and feel free to respond offline if you prefer. Debbie > > Debra Gross > Director, Gift and Records Administration > CHOP Foundation > 3401 Civic Center Blvd > Philadelphia, PA 19104 > 267-426-6488 ● f 267-426-6530 ● m 267-253-0994 > grossd@email.chop.edu <mailto:grossd@email.chop.edu> ● chop.edu > > <image003.jpg> > > > >

Morning all If you$B!G(Bve done a joint fundraiser with another non-profit, would you be willing to share how you made it work? The plan is for us to collect the donations, deduct expenses and then split the net proceeds. We$B!G(Bre in Raiser$B!G(Bs Edge but that probably doesn$B!G(Bt matter. We will have a contract or formal agreement in place to protect each other. * How did you process the gifts? * Did gift receipting change? How? * How did you account for the money flowing in so reports were not impacted by the gross? * How did you work with your Finance department on this? Thanks so much and feel free to respond offline if you prefer. Debbie Debra Gross Director, Gift and Records Administration CHOP Foundation 3401 Civic Center Blvd Philadelphia, PA 19104 267-426-6488 $B!|(B f 267-426-6530 $B!|(B m 267-253-0994 grossd@email.chop.edu<mailto:grossd@email.chop.edu> $B!|(B chop.edu [cid:image001.jpg@01D39E5F.76F250F0]

Has legal approved? Curious. I was under a fuzzy impression (not a lawyer!) that this wasn$B!G(Bt allowed due to your 501c3 status with IRS relates to only your mission and line of business specifically. And that raising money for any other purposes would make the sky fall. I may be mistaken. We$B!G(Bve never run into this situation here. And we have some language disallowing diverting fundraising proceeds to third parties. I am curious though as you never know when a wild idea like this will come up. 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 Gross, Debra Sent: Tuesday, March 19, 2019 10:45 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Joint Fundraising logistics Morning all If you$B!G(Bve done a joint fundraiser with another non-profit, would you be willing to share how you made it work? The plan is for us to collect the donations, deduct expenses and then split the net proceeds. We$B!G(Bre in Raiser$B!G(Bs Edge but that probably doesn$B!G(Bt matter. We will have a contract or formal agreement in place to protect each other. * How did you process the gifts? * Did gift receipting change? How? * How did you account for the money flowing in so reports were not impacted by the gross? * How did you work with your Finance department on this? Thanks so much and feel free to respond offline if you prefer. Debbie Debra Gross Director, Gift and Records Administration CHOP Foundation 3401 Civic Center Blvd Philadelphia, PA 19104 267-426-6488 $B!|(B f 267-426-6530 $B!|(B m 267-253-0994 grossd@email.chop.edu<mailto:grossd@email.chop.edu> $B!|(B chop.edu [cid:image001.jpg@01D39E5F.76F250F0]

It$B!G(Bs been a long time (and wasn$B!G(Bt in Raiser$B!G(Bs Edge, but-gasp!-Benefactor), but we split the gifts between an event account that was part of the university$B!G(Bs regular chart of accounts and an agency event account that we processed for the other organization. We receipted the portion that was a gift to the university, and provided information to the other organization so that they could receipt their donors. As I recall, expenses were split between the two accounts, and then we cut a check to the other nonprofit for the remaining proceeds from the agency account. It has been a long time ago, but I believe that we set up a non-gift designation in Benefactor for the other organization$B!G(Bs part of the gifts, which we then excluded from our fundraising reports. (In that environment, we didn$B!G(Bt split off the non-gift/benefits portion up front; that was done later on the general ledger as a journal transaction, and for these gifts we considered the value of the benefit to have been split between the organizations.) And, yes, we did work closely with the finance office to make this all work! My US$0.02 worth; the usual disclaimers apply. Good luck! Alan Alan S. Hejnal Data Quality Manager Smithsonian Institution - Office of Advancement 600 Maryland Avenue SW, Suite 600E P.O. Box 37012, MRC 527 Washington, DC 20013-7012 *: 202-633-8754 | *: HejnalA@si.edu<mailto:HejnalA@si.edu> [SNAGHTML5cbfa34]<https://www.si.edu/> [AASP_FundSvcs_LOGO-01(040pct)(mark)] From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Gross, Debra Sent: Tuesday, March 19, 2019 10:45 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Joint Fundraising logistics Morning all If you$B!G(Bve done a joint fundraiser with another non-profit, would you be willing to share how you made it work? The plan is for us to collect the donations, deduct expenses and then split the net proceeds. We$B!G(Bre in Raiser$B!G(Bs Edge but that probably doesn$B!G(Bt matter. We will have a contract or formal agreement in place to protect each other. * How did you process the gifts? * Did gift receipting change? How? * How did you account for the money flowing in so reports were not impacted by the gross? * How did you work with your Finance department on this? Thanks so much and feel free to respond offline if you prefer. Debbie Debra Gross Director, Gift and Records Administration CHOP Foundation 3401 Civic Center Blvd Philadelphia, PA 19104 267-426-6488 $B!|(B f 267-426-6530 $B!|(B m 267-253-0994 grossd@email.chop.edu<mailto:grossd@email.chop.edu> $B!|(B chop.edu [cid:image001.jpg@01D39E5F.76F250F0]