I would essentially follow CASE Guidelines - as well as your institutional
protocol for recording and counting revocable gifts.
So the question is, what is your own policy for counting bequest
expectancies? Assuming that you have all the same paperwork for this new
commitment and the community foundation has no leeway in changing
designations, then I would use the same current calculation for counting
these - but book only 25% of the current value as a revocable commitment.
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 Wed, May 15, 2019 at 7:58 AM Janette Koehn <
Janette.Koehn@millersville.edu> wrote:
>
> A donor made a bequest to a community foundation for the principal amount
> with the stipulation that our university will get 25% of the interest
> earned for life estimated at 10,000 a year.
> It's called a designated fund not a donor advised fund but how would we
> book it? Currently I have it booked as a bequest at $0 with all pertinent
> details just to keep track of it but we would like to count $ for our
> current campaign. Any suggestions appreciated!
>
>
> Thanks,
> Janette
>
>
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