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Michael, this link from the Council on Foundations may be useful. It seems that only private operating foundations are eligible: https://www.cof.org/content/analysis-ira-charitable-rollover-extension My experience has been that IRA rollovers are directed to the organization supporting organizations support - not the 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, Jun 14, 2019 at 5:19 PM Michael Wyland < michael@sumptionandwyland.com> wrote: > To all: > > > > Is there any circumstance or condition you're aware of that would preclude > a donor's legal IRA charitable rollover gift from being accepted by a > 501(c)(3) supporting foundation instead of the 501(c)(3) public charity it > supports? > > > > I have had a supporting foundation's CEO tell me that, because this is > true, their foundation does not solicit or even mention charitable IRA > rollover as a giving option. Their rationale? They can't include such > gifts in the foundation's revenue totals! > > > > Michael > > > > > > > > [image: S&W_clr-small] > > Michael L. Wyland > > Sumption & Wyland > > 818 South Hawthorne Avenue > > Sioux Falls, South Dakota 57104-4537 > > (605) 336-0244 or (888) 4-SUMPTION > > > > Web site: http://www.sumptionandwyland.com > > LinkedIn Profile: http://www.linkedin.com/in/michaelwyland > > > > *"I never considered a difference of opinion in politics, in religion, in > philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to > William Hamilton, April 22, 1800* > > >

https://www.fidelity.com/building-savings/learn-about-iras/required-minimum-distributions/qcds <https://www.fidelity.com/building-savings/learn-about-iras/required-minimum-distributions/qcds> This may help. Donna Rex 105 Osprey Ridge Way Ponte Vedra Beach, FL 32082 donnafund@gmail.com Mobile 904.910.9140 > On Jun 14, 2019, at 5:19 PM, Michael Wyland <michael@SUMPTIONANDWYLAND.COM> wrote: > > To all: > > Is there any circumstance or condition you're aware of that would preclude a donor's legal IRA charitable rollover gift from being accepted by a 501(c)(3) supporting foundation instead of the 501(c)(3) public charity it supports? > > I have had a supporting foundation's CEO tell me that, because this is true, their foundation does not solicit or even mention charitable IRA rollover as a giving option. Their rationale? They can't include such gifts in the foundation's revenue totals! > > Michael > > > > <image002.jpg> > Michael L. Wyland > Sumption & Wyland > 818 South Hawthorne Avenue > Sioux Falls, South Dakota 57104-4537 > (605) 336-0244 or (888) 4-SUMPTION > > Web site: http://www.sumptionandwyland.com > LinkedIn Profile: http://www.linkedin.com/in/michaelwyland > > "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800 >

To all: Is there any circumstance or condition you're aware of that would preclude a donor's legal IRA charitable rollover gift from being accepted by a 501(c)(3) supporting foundation instead of the 501(c)(3) public charity it supports? I have had a supporting foundation's CEO tell me that, because this is true, their foundation does not solicit or even mention charitable IRA rollover as a giving option. Their rationale? They can't include such gifts in the foundation's revenue totals! Michael [S&W_clr-small] Michael L. Wyland Sumption & Wyland 818 South Hawthorne Avenue Sioux Falls, South Dakota 57104-4537 (605) 336-0244 or (888) 4-SUMPTION Web site: http://www.sumptionandwyland.com LinkedIn Profile: http://www.linkedin.com/in/michaelwyland "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800

I think the CEO is right. From http://uscode.house.gov/view.xhtml?req=(title:26%20section:408%20edition:prelim): "(B) Qualified charitable distribution For purposes of this paragraph, the term "qualified charitable distribution" means any distribution from an individual retirement plan (other than a plan described in subsection (k) or (p))- (i) which is made directly by the trustee to an organization described in section 170(b)(1)(A) (other than any organization described in section 509(a)(3) or any fund or account described in section 4966(d)(2)), and (ii) which is made on or after the date that the individual for whose benefit the plan is maintained has attained age 70½." And here's information about 509(a)(3) supporting organizations: https://www.irs.gov/charities-non-profits/section-509a3-supporting-organizations James Kew Gift Processing Specialist Benedictine College 1020 N 2nd St Atchison, KS 66002-1499 (913) 360-7416 jkew@benedictine.edu From: Advancement Services Discussion List [mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of Michael Wyland Sent: Friday, June 14, 2019 4:19 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] IRA charitable rollover and supporting foundations To all: Is there any circumstance or condition you're aware of that would preclude a donor's legal IRA charitable rollover gift from being accepted by a 501(c)(3) supporting foundation instead of the 501(c)(3) public charity it supports? I have had a supporting foundation's CEO tell me that, because this is true, their foundation does not solicit or even mention charitable IRA rollover as a giving option. Their rationale? They can't include such gifts in the foundation's revenue totals! Michael [S&W_clr-small] Michael L. Wyland Sumption & Wyland 818 South Hawthorne Avenue Sioux Falls, South Dakota 57104-4537 (605) 336-0244 or (888) 4-SUMPTION Web site: http://www.sumptionandwyland.com LinkedIn Profile: http://www.linkedin.com/in/michaelwyland "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800

That is unusual, Michael. Not the lack of fundraising staff in the supported charity - that's quite common. What's surprising is that the supporting foundation won't talk about IRA Rollovers with donors. They are leaving money for the charity on the table. Affiliated foundations I have worked with reference all forms of giving and are careful to make sure donors are aware of when their philanthropy must be directed toward the charity instead of the foundation. It's prevalent to come across institutional policies that require certain gifts-in-kind go to the University instead of the affiliated foundation when not being sold. And many matching gift companies won't match gifts to supporting foundations - just the nonprofit itself. Those foundations just train their donors appropriately regarding who they should direct the payment to. There's no real difference with rollovers. It's just a matter of education. 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 Sat, Jun 15, 2019 at 12:24 PM Michael Wyland < michael@sumptionandwyland.com> wrote: > Thanks to Donna, James, and John! > > > > Glad to know the CEO is correct, but I'm still surprised at the resulting > foundation policy of not addressing IRA charitable rollovers in its > fundraising philosophy. Again, if my information is correct, the operating > charity does all its fundraising through its foundation - there is no > development staff unit I'm aware of within the operating charity. > > > > [image: S&W_clr-small] > > Michael L. Wyland > > Sumption & Wyland > > 818 South Hawthorne Avenue > > Sioux Falls, South Dakota 57104-4537 > > (605) 336-0244 or (888) 4-SUMPTION > > > > Web site: http://www.sumptionandwyland.com > > LinkedIn Profile: http://www.linkedin.com/in/michaelwyland > > > > *"I never considered a difference of opinion in politics, in religion, in > philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to > William Hamilton, April 22, 1800* > > > > >

Thanks to Donna, James, and John! Glad to know the CEO is correct, but I'm still surprised at the resulting foundation policy of not addressing IRA charitable rollovers in its fundraising philosophy. Again, if my information is correct, the operating charity does all its fundraising through its foundation - there is no development staff unit I'm aware of within the operating charity. [S&W_clr-small] Michael L. Wyland Sumption & Wyland 818 South Hawthorne Avenue Sioux Falls, South Dakota 57104-4537 (605) 336-0244 or (888) 4-SUMPTION Web site: http://www.sumptionandwyland.com LinkedIn Profile: http://www.linkedin.com/in/michaelwyland "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800

John: Thanks. In this case, it may also be a matter of culture, and perhaps even compensation. The operating charity sees itself as entrepreneurial, and expects its supporting organization to exhibit similar traits. The supporting foundation's stated sole success metric is currently-received annual revenue. You know far better than I, but I know that there are many other valid measures of success for a supporting foundation. Further, given the "entrepreneurial" culture, I wouldn't be a bit surprised if the supporting foundation's executive evaluation and compensation weren't tied in significant part to the stated success metric of realized annual revenue. Michael [S&W_clr-small] Michael L. Wyland Sumption & Wyland 818 South Hawthorne Avenue Sioux Falls, South Dakota 57104-4537 (605) 336-0244 or (888) 4-SUMPTION Web site: http://www.sumptionandwyland.com LinkedIn Profile: http://www.linkedin.com/in/michaelwyland "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800 From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of John Taylor Sent: Saturday, June 15, 2019 11:39 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] IRA charitable rollover and supporting foundations That is unusual, Michael. Not the lack of fundraising staff in the supported charity - that's quite common. What's surprising is that the supporting foundation won't talk about IRA Rollovers with donors. They are leaving money for the charity on the table. Affiliated foundations I have worked with reference all forms of giving and are careful to make sure donors are aware of when their philanthropy must be directed toward the charity instead of the foundation. It's prevalent to come across institutional policies that require certain gifts-in-kind go to the University instead of the affiliated foundation when not being sold. And many matching gift companies won't match gifts to supporting foundations - just the nonprofit itself. Those foundations just train their donors appropriately regarding who they should direct the payment to. There's no real difference with rollovers. It's just a matter of education. 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 Sat, Jun 15, 2019 at 12:24 PM Michael Wyland <michael@sumptionandwyland.com<mailto:michael@sumptionandwyland.com>> wrote: Thanks to Donna, James, and John! Glad to know the CEO is correct, but I'm still surprised at the resulting foundation policy of not addressing IRA charitable rollovers in its fundraising philosophy. Again, if my information is correct, the operating charity does all its fundraising through its foundation - there is no development staff unit I'm aware of within the operating charity. [S&W_clr-small] Michael L. Wyland Sumption & Wyland 818 South Hawthorne Avenue Sioux Falls, South Dakota 57104-4537 (605) 336-0244 or (888) 4-SUMPTION Web site: http://www.sumptionandwyland.com LinkedIn Profile: http://www.linkedin.com/in/michaelwyland "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800