FundSvcs Community

You will want to obtain advice from Counsel. However, my two cents follow: You likely do not need "approval" from anyone. Rather, you need to let them know what you are doing in a way that makes it clear they can contact you should they have an "opinion" regarding their gifts. But you may not even need that if they gave to the fund with the knowledge that it was to move the account into an endowed status. If they thought they were giving to a current use fund and you are now endowing it, they do need to be informed. If the purpose is not changing, there is no need to muddy those waters. If the purpose were changing that would require similar notification. And it does not matter what the donor employment status is or when they gave. What matters is that they gave. 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, Apr 22, 2019 at 4:12 PM Terri Carlos <TCarlos@csusb.edu> wrote: > We have an expendable scholarship that has finally reached the amount to > be endowed. The department that oversees the scholarship was the one who > opened it. The majority of gifts to this account have been from faculty > and staff on campus; some through payroll deduction and some outright > gifts. Some of these donors no longer work at the university. And > currently, we still have a dozen or so employees who give to this > scholarship through payroll deduction. > > > > The question: first, can the department move this expendable scholarship > into an endowment scholarship? It would maintain the same name and > criteria. Secondly, do we need permission from all donors who’ve > contributed? Just current donors? Permission at all since the criteria and > purpose remain the same? > > > > Many thanks, > > > > *Terri* > > *_____________________________________________* > > *Terri J.W. Carlos * > > *Director of Development, University Initiatives* > > *Office of Development* > > *California State University, San Bernardino* > > *5500 University Parkway* > > *San Bernardino, CA 92407* > > *Ofc: 909-537-7576* > > *Cell: 951-217-8598* > > *tcarlos@csusb.edu <tcarlos@csusb.edu>* > > > > *Make your gift to Cal State today at* > > *https://www.csusb.edu/makeagift <https://www.csusb.edu/makeagift>* > > > > > > >

We have an expendable scholarship that has finally reached the amount to be endowed. The department that oversees the scholarship was the one who opened it. The majority of gifts to this account have been from faculty and staff on campus; some through payroll deduction and some outright gifts. Some of these donors no longer work at the university. And currently, we still have a dozen or so employees who give to this scholarship through payroll deduction. The question: first, can the department move this expendable scholarship into an endowment scholarship? It would maintain the same name and criteria. Secondly, do we need permission from all donors who've contributed? Just current donors? Permission at all since the criteria and purpose remain the same? Many thanks, Terri _____________________________________________ Terri J.W. Carlos Director of Development, University Initiatives Office of Development California State University, San Bernardino 5500 University Parkway San Bernardino, CA 92407 Ofc: 909-537-7576 Cell: 951-217-8598 tcarlos@csusb.edu<mailto:tcarlos@csusb.edu> Make your gift to Cal State today at https://www.csusb.edu/makeagift [cid:image001.png@01D4F90C.4FF420B0]

Thank you John! Terri _____________________________________________ Terri J.W. Carlos Director of Development, University Initiatives Office of Development California State University, San Bernardino 5500 University Parkway San Bernardino, CA 92407 Ofc: 909-537-7576 Cell: 951-217-8598 tcarlos@csusb.edu Make your gift to Cal State today at https://www.csusb.edu/makeagift [We Define the Future] From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of John Taylor Sent: Monday, April 22, 2019 1:34 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] Do We Need Donor Approval? You will want to obtain advice from Counsel. However, my two cents follow: You likely do not need "approval" from anyone. Rather, you need to let them know what you are doing in a way that makes it clear they can contact you should they have an "opinion" regarding their gifts. But you may not even need that if they gave to the fund with the knowledge that it was to move the account into an endowed status. If they thought they were giving to a current use fund and you are now endowing it, they do need to be informed. If the purpose is not changing, there is no need to muddy those waters. If the purpose were changing that would require similar notification. And it does not matter what the donor employment status is or when they gave. What matters is that they gave. John John H. Taylor Principal, John H. Taylor Consulting 2604 Sevier St. Durham, NC 27705 johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com> 919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Mon, Apr 22, 2019 at 4:12 PM Terri Carlos <TCarlos@csusb.edu<mailto:TCarlos@csusb.edu>> wrote: We have an expendable scholarship that has finally reached the amount to be endowed. The department that oversees the scholarship was the one who opened it. The majority of gifts to this account have been from faculty and staff on campus; some through payroll deduction and some outright gifts. Some of these donors no longer work at the university. And currently, we still have a dozen or so employees who give to this scholarship through payroll deduction. The question: first, can the department move this expendable scholarship into an endowment scholarship? It would maintain the same name and criteria. Secondly, do we need permission from all donors who’ve contributed? Just current donors? Permission at all since the criteria and purpose remain the same? Many thanks, Terri _____________________________________________ Terri J.W. Carlos Director of Development, University Initiatives Office of Development California State University, San Bernardino 5500 University Parkway San Bernardino, CA 92407 Ofc: 909-537-7576 Cell: 951-217-8598 tcarlos@csusb.edu<mailto:tcarlos@csusb.edu> Make your gift to Cal State today at https://www.csusb.edu/makeagift [cid:image002.png@01D4F912.D03B9400]