FundSvcs Community

In the future, don’t permit split purchases! My only thought is to apply the purchase percentages to the FMV and issue quid pro quo receipts accordingly. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On May 9, 2019, at 2:50 PM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org> wrote: > > Hello all -- I am asking for your help on this. > > We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? > > To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? > > Many thanks, > Irene > > > Irene Colford > Director, Advancement Services > Tel: 203 532 3160 > > Sacred Heart Greenwich > 1177 King St./Greenwich, Connecticut 06831 > www.cshgreenwich.org

Hello all -- I am asking for your help on this. We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? Many thanks, Irene *Irene Colford * Director, Advancement Services Tel: 203 532 3160 <203%20532%203176> *Sacred Heart Greenwich* 1177 King St./Greenwich, Connecticut 06831 *www.cshgreenwich.org* <http://www.cshgreenwich.org/>

Hello, Irene! Out of curiosity, did they all three work together to make a group bid over the FMV? Or was one person bidding and then the other two bidders jumped in to add to that donor’s bid? Though if their amounts were all similar I’m guess it was a team effort. CJ Jones Associate Director of Donor Services, Purdue Research Foundation Dauch Alumni Center | 403 W Wood St | West Lafayette, IN 47907 wcjones@prf.org<mailto:wcjones@prf.org> | DAUCH 3118 | (765) 496-3116 [cid:image001.png@01D50685.4E7F72D0]<http://www.purdue.edu/evertrue> [cid:image004.jpg@01D50685.4E8A9660] <https://takegiantleaps.com/> WARNING: CONFIDENTIALITY NOTICE The information enclosed with this transmission is the private, confidential property of the sender, and is privileged communication intended solely for the individual indicated above. If you are not the intended recipient, you are notified that any review, disclosure, copying, distribution, or the taking of any other action relevant to the contents of this transmission are strictly prohibited. If you have received this email in error, or are not the named recipient(s), please notify the sender immediately by sending a reply to this message that it was sent in error and delete this email from your system. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of John Taylor Sent: Thursday, May 09, 2019 4:02 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] FMV of split auction gift? In the future, don’t permit split purchases! My only thought is to apply the purchase percentages to the FMV and issue quid pro quo receipts accordingly. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com> Big ideas; small keyboard On May 9, 2019, at 2:50 PM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org<mailto:0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org>> wrote: Hello all -- I am asking for your help on this. We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? Many thanks, Irene Irene Colford Director, Advancement Services Tel: 203 532 3160<tel:203%20532%203176> Sacred Heart Greenwich 1177 King St./Greenwich, Connecticut 06831 www.cshgreenwich.org<http://www.cshgreenwich.org/> [Image removed by sender.]

Thank you so much for your responses! The three donors collaborated on the bid. John -- why do recommend against split purchases? Thanks, Irene On Thu, May 9, 2019 at 4:36 PM Jones, Wayne C. <wcjones@prf.org> wrote: > Hello, Irene! > > > > Out of curiosity, did they all three work together to make a group bid > over the FMV? Or was one person bidding and then the other two bidders > jumped in to add to that donor’s bid? > > > > Though if their amounts were all similar I’m guess it was a team effort. > > > > *CJ Jones* > > *Associate Director of Donor Services, Purdue Research Foundation* > > Dauch Alumni Center *|* 403 W Wood St* |* West Lafayette, IN 47907 > > *wcjones@prf.org* <wcjones@prf.org> *| DAUCH 3118 | (765) 496-3116* > > > > <http://www.purdue.edu/evertrue> <https://takegiantleaps.com/> > > > > *WARNING: CONFIDENTIALITY NOTICE* > > The information enclosed with this transmission is the private, > confidential property of the sender, and is privileged communication > intended solely for the individual indicated above. If you are not the > intended recipient, you are notified that any review, disclosure, copying, > distribution, or the taking of any other action relevant to the contents of > this transmission are strictly prohibited. If you have received this email > in error, or are not the named recipient(s), please notify the sender > immediately by sending a reply to this message that it was sent in error > and delete this email from your system. > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *John Taylor > *Sent:* Thursday, May 09, 2019 4:02 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* Re: [FUNDSVCS] FMV of split auction gift? > > > > In the future, don’t permit split purchases! > > > > My only thought is to apply the purchase percentages to the FMV and issue > quid pro quo receipts accordingly. > > > > John > > John Taylor > > 919.816.5903 > > johntaylorconsulting@gmail.com > > > > Big ideas; small keyboard > > > On May 9, 2019, at 2:50 PM, Irene Colford < > 0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org> wrote: > > Hello all -- I am asking for your help on this. > > > > We just had an auction event at which three donors split the cost of an > auction item (a week's use of a yacht). They will all be on this trip > together. How do I handle the tax receipt? > > > > To make matters more interesting, the three donors all gave slightly > different dollar amounts. Do I need to allocate the fair market values > proportionately, or do I split the FMV into three equal pieces because > there are three donors? > > > > Many thanks, > > Irene > > > > > *Irene Colford * > > Director, Advancement Services > > Tel: 203 532 3160 <203%20532%203176> > > > > *Sacred Heart Greenwich* > > 1177 King St./Greenwich, Connecticut 06831 > > *www.cshgreenwich.org* <http://www.cshgreenwich.org/> > > *[image: Image removed by sender.]* > >

For this very reason. You have enough to do with auctions as it is. You don’t need to add being a middleman for a collective to the list. You will see other similar statements in the archives. John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On May 10, 2019, at 7:44 AM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org> wrote: > > Thank you so much for your responses! The three donors collaborated on the bid. > > John -- why do recommend against split purchases? > > Thanks, > Irene > > > >> On Thu, May 9, 2019 at 4:36 PM Jones, Wayne C. <wcjones@prf.org> wrote: >> Hello, Irene! >> >> >> >> Out of curiosity, did they all three work together to make a group bid over the FMV? Or was one person bidding and then the other two bidders jumped in to add to that donor’s bid? >> >> >> >> Though if their amounts were all similar I’m guess it was a team effort. >> >> >> >> CJ Jones >> >> Associate Director of Donor Services, Purdue Research Foundation >> >> Dauch Alumni Center | 403 W Wood St | West Lafayette, IN 47907 >> >> wcjones@prf.org | DAUCH 3118 | (765) 496-3116 >> >> >> >> <image001.png> <image004.jpg> >> >> >> >> WARNING: CONFIDENTIALITY NOTICE >> The information enclosed with this transmission is the private, confidential property of the sender, and is privileged communication intended solely for the individual indicated above. If you are not the intended recipient, you are notified that any review, disclosure, copying, distribution, or the taking of any other action relevant to the contents of this transmission are strictly prohibited. If you have received this email in error, or are not the named recipient(s), please notify the sender immediately by sending a reply to this message that it was sent in error and delete this email from your system. >> >> >> >> From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of John Taylor >> Sent: Thursday, May 09, 2019 4:02 PM >> To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG >> Subject: Re: [FUNDSVCS] FMV of split auction gift? >> >> >> >> In the future, don’t permit split purchases! >> >> >> >> My only thought is to apply the purchase percentages to the FMV and issue quid pro quo receipts accordingly. >> >> >> >> John >> >> John Taylor >> >> 919.816.5903 >> >> johntaylorconsulting@gmail.com >> >> >> >> Big ideas; small keyboard >> >> >> On May 9, 2019, at 2:50 PM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org> wrote: >> >> Hello all -- I am asking for your help on this. >> >> >> >> We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? >> >> >> >> To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? >> >> >> >> Many thanks, >> >> Irene >> >> >> >> >> >> Irene Colford >> >> Director, Advancement Services >> >> Tel: 203 532 3160 >> >> >> >> Sacred Heart Greenwich >> >> 1177 King St./Greenwich, Connecticut 06831 >> >> www.cshgreenwich.org >> >> <image005.jpg>

So who will police the benefit use at the institution? This is exactly why split purchases should be discouraged. John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On May 10, 2019, at 8:15 AM, Gross, Debra <GrossD@email.chop.edu> wrote: > > If they are all getting the same experience, wouldn’t the FMV be evenly split 3 ways against whatever their portion of the winning bid is? > > From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Jones, Wayne C. > Sent: Thursday, May 9, 2019 4:36 PM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: [External] Re: [FUNDSVCS] FMV of split auction gift? > > Hello, Irene! > > Out of curiosity, did they all three work together to make a group bid over the FMV? Or was one person bidding and then the other two bidders jumped in to add to that donor’s bid? > > Though if their amounts were all similar I’m guess it was a team effort. > > CJ Jones > Associate Director of Donor Services, Purdue Research Foundation > Dauch Alumni Center | 403 W Wood St | West Lafayette, IN 47907 > wcjones@prf.org | DAUCH 3118 | (765) 496-3116 > > <image001.png> <image002.jpg> > > WARNING: CONFIDENTIALITY NOTICE > The information enclosed with this transmission is the private, confidential property of the sender, and is privileged communication intended solely for the individual indicated above. If you are not the intended recipient, you are notified that any review, disclosure, copying, distribution, or the taking of any other action relevant to the contents of this transmission are strictly prohibited. If you have received this email in error, or are not the named recipient(s), please notify the sender immediately by sending a reply to this message that it was sent in error and delete this email from your system. > > From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of John Taylor > Sent: Thursday, May 09, 2019 4:02 PM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: Re: [FUNDSVCS] FMV of split auction gift? > > In the future, don’t permit split purchases! > > My only thought is to apply the purchase percentages to the FMV and issue quid pro quo receipts accordingly. > > John > > John Taylor > 919.816.5903 > johntaylorconsulting@gmail.com > > Big ideas; small keyboard > > On May 9, 2019, at 2:50 PM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org> wrote: > > Hello all -- I am asking for your help on this. > > We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? > > To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? > > Many thanks, > Irene > > > Irene Colford > Director, Advancement Services > Tel: 203 532 3160 > > Sacred Heart Greenwich > 1177 King St./Greenwich, Connecticut 06831 > www.cshgreenwich.org > <image003.jpg> > > > ** This email originated from an EXTERNAL sender to CHOP. Proceed with caution when replying, opening attachments, or clicking links. Do not disclose your CHOP credentials, employee information, or protected health information to a potential hacker**. >

Very helpful commentary. Thank you all for taking the time to respond. Irene On Fri, May 10, 2019 at 8:19 AM John Taylor <johntaylorconsulting@gmail.com> wrote: > So who will police the benefit use at the institution? This is exactly > why split purchases should be discouraged. > > John Taylor > 919.816.5903 > johntaylorconsulting@gmail.com > > Big ideas; small keyboard > > On May 10, 2019, at 8:15 AM, Gross, Debra <GrossD@email.chop.edu> wrote: > > If they are all getting the same experience, wouldn’t the FMV be evenly > split 3 ways against whatever their portion of the winning bid is? > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Jones, Wayne C. > *Sent:* Thursday, May 9, 2019 4:36 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [External] Re: [FUNDSVCS] FMV of split auction gift? > > > > Hello, Irene! > > > > Out of curiosity, did they all three work together to make a group bid > over the FMV? Or was one person bidding and then the other two bidders > jumped in to add to that donor’s bid? > > > > Though if their amounts were all similar I’m guess it was a team effort. > > > > *CJ Jones* > > *Associate Director of Donor Services, Purdue Research Foundation* > > Dauch Alumni Center *|* 403 W Wood St* |* West Lafayette, IN 47907 > > *wcjones@prf.org* <wcjones@prf.org> *| DAUCH 3118 | (765) 496-3116* > > > > <image001.png> <http://www.purdue.edu/evertrue> <image002.jpg> > <https://takegiantleaps.com/> > > > > *WARNING: CONFIDENTIALITY NOTICE* > > The information enclosed with this transmission is the private, > confidential property of the sender, and is privileged communication > intended solely for the individual indicated above. If you are not the > intended recipient, you are notified that any review, disclosure, copying, > distribution, or the taking of any other action relevant to the contents of > this transmission are strictly prohibited. If you have received this email > in error, or are not the named recipient(s), please notify the sender > immediately by sending a reply to this message that it was sent in error > and delete this email from your system. > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *John Taylor > *Sent:* Thursday, May 09, 2019 4:02 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* Re: [FUNDSVCS] FMV of split auction gift? > > > > In the future, don’t permit split purchases! > > > > My only thought is to apply the purchase percentages to the FMV and issue > quid pro quo receipts accordingly. > > > > John > > John Taylor > > 919.816.5903 > > johntaylorconsulting@gmail.com > > > > Big ideas; small keyboard > > > On May 9, 2019, at 2:50 PM, Irene Colford < > 0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org> wrote: > > Hello all -- I am asking for your help on this. > > > > We just had an auction event at which three donors split the cost of an > auction item (a week's use of a yacht). They will all be on this trip > together. How do I handle the tax receipt? > > > > To make matters more interesting, the three donors all gave slightly > different dollar amounts. Do I need to allocate the fair market values > proportionately, or do I split the FMV into three equal pieces because > there are three donors? > > > > Many thanks, > > Irene > > > > > *Irene Colford * > > Director, Advancement Services > > Tel: 203 532 3160 <203%20532%203176> > > > > *Sacred Heart Greenwich* > > 1177 King St./Greenwich, Connecticut 06831 > > *www.cshgreenwich.org* <http://www.cshgreenwich.org/> > > *<image003.jpg>* > > > > > ** This email originated from an *EXTERNAL sender* to CHOP. Proceed > with caution when replying, opening attachments, or clicking links. Do not > disclose your CHOP credentials, employee information, or protected health > information to a potential hacker**. > >

The more I think about Alan's last paragraph the more I think that the maximum benefit route is the proper way to go. Unless you have great clarity from the donors as to how they will divide the benefit (I'd want that in writing), then I think you would have to assume that all participants share equally in the benefit. Meaning regardless of how much they paid that amount is reduced by the *entire* FMV of the benefit. Which very possibly might mean that no one receives a tax-deduction as their payment portions could all be less than that FMV. Have I mentioned that accepting split payments is a bad idea? PS - Don't forget that no payments can be made from a DAF or private foundation. 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 Fri, May 10, 2019 at 8:09 AM Hejnal, Alan < 00000031f8bb5829-dmarc-request@listserv.fundsvcs.org> wrote: > Been there, done that. > > > > Since the issue is disclosing the benefit that the respective donor’s > received, I’d focus on that. Is each donor receiving the same benefit? > Then I’d divide its value equally. Has the group decided that one donor > gets to bring a partner and another couple while the others just get to > bring a partner (much like a donor to a fund-raising dinner may get the > right to invite a certain number of guests to the dinner)? In that case, > that donor would be receiving half of the benefit. > > > > I’ve seen a case where a group of donors bid on the right to use a suite > at an athletic venue, and decided to allocate the usage/benefit in > proportion to their respective contributions, so that’s how we allocated. > But if they had decided to apportion the benefit equally rather than > proportionally, we’d have allocated it that way instead. > > > > The hard case would be whether there is no clarity on how the benefit is > going to be apportioned. If that’s the case, I might push back on that. > Otherwise, you might have to base the *quid pro quo* on the maximum > possible benefit that the individual donor might receive. > > > > 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 > > > [image: SNAGHTML5cbfa34] <https://www.si.edu/> > [image: AASP_FundSvcs_LOGO-01(040pct)(mark)] > > > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Irene Colford > *Sent:* Thursday, May 9, 2019 3:50 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [FUNDSVCS] FMV of split auction gift? > > > > Hello all -- I am asking for your help on this. > > > > We just had an auction event at which three donors split the cost of an > auction item (a week's use of a yacht). They will all be on this trip > together. How do I handle the tax receipt? > > > > To make matters more interesting, the three donors all gave slightly > different dollar amounts. Do I need to allocate the fair market values > proportionately, or do I split the FMV into three equal pieces because > there are three donors? > > > > Many thanks, > > Irene > > > > > *Irene Colford * > > Director, Advancement Services > > Tel: 203 532 3160 <203%20532%203176> > > > > *Sacred Heart Greenwich* > > 1177 King St./Greenwich, Connecticut 06831 > > *www.cshgreenwich.org* > <https://nam02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.cshgreenwich.org%2F&data=02%7C01%7CHejnalA%40SI.EDU%7C9b5b326a332147c9d62208d6d4b79483%7C989b5e2a14e44efe93b78cdd5fc5d11c%7C1%7C0%7C636930282284126592&sdata=uk%2FlKUIC5nWYKtW%2FEsKgG5IEXZ7l4X1%2B097xyQ8k%2Fd4%3D&reserved=0> > >

Been there, done that. Since the issue is disclosing the benefit that the respective donor’s received, I’d focus on that. Is each donor receiving the same benefit? Then I’d divide its value equally. Has the group decided that one donor gets to bring a partner and another couple while the others just get to bring a partner (much like a donor to a fund-raising dinner may get the right to invite a certain number of guests to the dinner)? In that case, that donor would be receiving half of the benefit. I’ve seen a case where a group of donors bid on the right to use a suite at an athletic venue, and decided to allocate the usage/benefit in proportion to their respective contributions, so that’s how we allocated. But if they had decided to apportion the benefit equally rather than proportionally, we’d have allocated it that way instead. The hard case would be whether there is no clarity on how the benefit is going to be apportioned. If that’s the case, I might push back on that. Otherwise, you might have to base the quid pro quo on the maximum possible benefit that the individual donor might receive. 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 Irene Colford Sent: Thursday, May 9, 2019 3:50 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] FMV of split auction gift? Hello all -- I am asking for your help on this. We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? Many thanks, Irene Irene Colford Director, Advancement Services Tel: 203 532 3160<tel:203%20532%203176> Sacred Heart Greenwich 1177 King St./Greenwich, Connecticut 06831 www.cshgreenwich.org<https://nam02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.cshgreenwich.org%2F&data=02%7C01%7CHejnalA%40SI.EDU%7C9b5b326a332147c9d62208d6d4b79483%7C989b5e2a14e44efe93b78cdd5fc5d11c%7C1%7C0%7C636930282284126592&sdata=uk%2FlKUIC5nWYKtW%2FEsKgG5IEXZ7l4X1%2B097xyQ8k%2Fd4%3D&reserved=0> [http://intranet.cshgreenwich.org/images/sacredheartgreenwich.png]

If they are all getting the same experience, wouldn’t the FMV be evenly split 3 ways against whatever their portion of the winning bid is? From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Jones, Wayne C. Sent: Thursday, May 9, 2019 4:36 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [External] Re: [FUNDSVCS] FMV of split auction gift? Hello, Irene! Out of curiosity, did they all three work together to make a group bid over the FMV? Or was one person bidding and then the other two bidders jumped in to add to that donor’s bid? Though if their amounts were all similar I’m guess it was a team effort. CJ Jones Associate Director of Donor Services, Purdue Research Foundation Dauch Alumni Center | 403 W Wood St | West Lafayette, IN 47907 wcjones@prf.org<mailto:wcjones@prf.org> | DAUCH 3118 | (765) 496-3116 [cid:image001.png@01D50708.75D2F4F0]<http://www.purdue.edu/evertrue> [cid:image002.jpg@01D50708.75D2F4F0] <https://takegiantleaps.com/> WARNING: CONFIDENTIALITY NOTICE The information enclosed with this transmission is the private, confidential property of the sender, and is privileged communication intended solely for the individual indicated above. If you are not the intended recipient, you are notified that any review, disclosure, copying, distribution, or the taking of any other action relevant to the contents of this transmission are strictly prohibited. If you have received this email in error, or are not the named recipient(s), please notify the sender immediately by sending a reply to this message that it was sent in error and delete this email from your system. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG>> On Behalf Of John Taylor Sent: Thursday, May 09, 2019 4:02 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG> Subject: Re: [FUNDSVCS] FMV of split auction gift? In the future, don’t permit split purchases! My only thought is to apply the purchase percentages to the FMV and issue quid pro quo receipts accordingly. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com> Big ideas; small keyboard On May 9, 2019, at 2:50 PM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org<mailto:0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org>> wrote: Hello all -- I am asking for your help on this. We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? Many thanks, Irene Irene Colford Director, Advancement Services Tel: 203 532 3160<tel:203%20532%203176> Sacred Heart Greenwich 1177 King St./Greenwich, Connecticut 06831 www.cshgreenwich.org<http://www.cshgreenwich.org/> [Image removed by sender.] ** This email originated from an EXTERNAL sender to CHOP. Proceed with caution when replying, opening attachments, or clicking links. Do not disclose your CHOP credentials, employee information, or protected health information to a potential hacker**.

Not sure why one would imagine that we need to police the benefit use. If, for example, each donor says that they accept the right to send two people on the cruise, that’s that. We’ve done our due diligence. After all, if someone buys an auction item where 4 people get a tour of a winery and a picnic lunch and wine tasting, do we “police” whether the winery actually lets 5 people attend? We do not. If someone wins an auction item that they get a 60-minute sailing excursion with the Dean, do we “police” whether they were actually on the lake for 90 minutes? We do not. If someone wins an auction item of a meal for two people valued at $150 at a restaurant, do we “police” to make sure that the restaurant did not actually provide them with a meal valued at $200? We do not. And so on. 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 John Taylor Sent: Friday, May 10, 2019 8:19 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] FMV of split auction gift? So who will police the benefit use at the institution? This is exactly why split purchases should be discouraged. John Taylor 919.816.5903 johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com> Big ideas; small keyboard On May 10, 2019, at 8:15 AM, Gross, Debra <GrossD@email.chop.edu<mailto:GrossD@email.chop.edu>> wrote: If they are all getting the same experience, wouldn’t the FMV be evenly split 3 ways against whatever their portion of the winning bid is? From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG>> On Behalf Of Jones, Wayne C. Sent: Thursday, May 9, 2019 4:36 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG> Subject: [External] Re: [FUNDSVCS] FMV of split auction gift? Hello, Irene! Out of curiosity, did they all three work together to make a group bid over the FMV? Or was one person bidding and then the other two bidders jumped in to add to that donor’s bid? Though if their amounts were all similar I’m guess it was a team effort. CJ Jones Associate Director of Donor Services, Purdue Research Foundation Dauch Alumni Center | 403 W Wood St | West Lafayette, IN 47907 wcjones@prf.org<mailto:wcjones@prf.org> | DAUCH 3118 | (765) 496-3116 <image001.png><https://nam02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.purdue.edu%2Fevertrue&data=02%7C01%7CHejnalA%40SI.EDU%7C16c3578da70442b2c68d08d6d541b5cc%7C989b5e2a14e44efe93b78cdd5fc5d11c%7C1%7C0%7C636930875536587828&sdata=LxruIQ8G2f1zQY%2BOoNXXW5ziSxhFTT6L1QOSR8GhcnM%3D&reserved=0> <image002.jpg><https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftakegiantleaps.com%2F&data=02%7C01%7CHejnalA%40SI.EDU%7C16c3578da70442b2c68d08d6d541b5cc%7C989b5e2a14e44efe93b78cdd5fc5d11c%7C1%7C0%7C636930875536587828&sdata=P3Z7etyg914Usbj7malmDg0m6KbHrM9RoYXP93qzv8s%3D&reserved=0> WARNING: CONFIDENTIALITY NOTICE The information enclosed with this transmission is the private, confidential property of the sender, and is privileged communication intended solely for the individual indicated above. If you are not the intended recipient, you are notified that any review, disclosure, copying, distribution, or the taking of any other action relevant to the contents of this transmission are strictly prohibited. If you have received this email in error, or are not the named recipient(s), please notify the sender immediately by sending a reply to this message that it was sent in error and delete this email from your system. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG>> On Behalf Of John Taylor Sent: Thursday, May 09, 2019 4:02 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG<mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG> Subject: Re: [FUNDSVCS] FMV of split auction gift? In the future, don’t permit split purchases! My only thought is to apply the purchase percentages to the FMV and issue quid pro quo receipts accordingly. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com> Big ideas; small keyboard On May 9, 2019, at 2:50 PM, Irene Colford <0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org<mailto:0000001cf1f611ce-dmarc-request@listserv.fundsvcs.org>> wrote: Hello all -- I am asking for your help on this. We just had an auction event at which three donors split the cost of an auction item (a week's use of a yacht). They will all be on this trip together. How do I handle the tax receipt? To make matters more interesting, the three donors all gave slightly different dollar amounts. Do I need to allocate the fair market values proportionately, or do I split the FMV into three equal pieces because there are three donors? Many thanks, Irene Irene Colford Director, Advancement Services Tel: 203 532 3160<tel:203%20532%203176> Sacred Heart Greenwich 1177 King St./Greenwich, Connecticut 06831 www.cshgreenwich.org<https://nam02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.cshgreenwich.org%2F&data=02%7C01%7CHejnalA%40SI.EDU%7C16c3578da70442b2c68d08d6d541b5cc%7C989b5e2a14e44efe93b78cdd5fc5d11c%7C1%7C0%7C636930875536597837&sdata=mAqlVyoT0pAtzu9H5gg8eCVgthAGfISfWwfAk7%2FJ5DA%3D&reserved=0> <image003.jpg> ** This email originated from an EXTERNAL sender to CHOP. Proceed with caution when replying, opening attachments, or clicking links. Do not disclose your CHOP credentials, employee information, or protected health information to a potential hacker**.