One key is whether one legal entity can obligate another. See my paper on the download site on “Who Can Make a Pledge.” The entire Pledge must be the obligation of the entity making the commitment.
Assuming this, whether a third-party payment can satisfy that obligation will depend on the tax-status of that third-party - and whether they agree to allow their gift to satisfy another legal obligation. So there is no certain answer. You must ask each time a gift is presented.
John
John Taylor
919.816.5903
johntaylorconsulting@gmail.com
Big ideas; small keyboard
> On Jun 24, 2019, at 9:32 AM, Carper Stephanie <
stephanie.carper@us.mcd.com> wrote:
>
> We recently secured a seven-figure commitment from one of our board members. Since the gift has a specific purpose, I recommended that we do a gift agreement (this is not something that my organization has typically done). Do I need to include any language in the gift agreement if pledge payments made be made by other organizations (eg companies he owns)? I know that we cannot apply a gift from a DAF or family foundation to the pledge. But does this apply to gifts from companies the donor owns?
>
> Also, I would appreciate any sample gift agreement templates you could share.
>
> Thank you,
>
> Stephanie
>
> Stephanie Carper
> Development Manager
> RMHC Global
> Mobile: 312-520-8370
>
>
> Sent from my iPhone