FundSvcs Community

Unless it's spelled out in the contract, I wouldn't change a thing. You invest the money just like you always would until they pay the other $10,000.-Bill Hello, Does anyone have a process in place for discounting the typical threshold amounts for establishing an endowment, named or not, based on early payment of the pledge? For example, if a scholarship typically requires full payment of $100,000 and the gift agreement calls for a five year payment schedule, would you allow a $90,000 payment made by year three to establish the scholarship? If so, do you still require the remaining balance or do you write it off? It's a weird question, I know. Not sure how we'd determine a discount rate, but I was asked to ask. Thanks. -jsg _____________________ Joshua S. Greenbaum 09B, Executive Director Advancement Information Services Emory University, Advancement & Alumni Engagement 1762 Clifton Road, Office 1456, Atlanta, GA 30322 Office: (404) 712-2020, Fax: (404) 727-4876 <mailto:josh.greenbaum@emory.edu> josh.greenbaum@emory.edu

Surely you jest. If you had such a policy everyone would sign an agreement for five years and pay it off sooner giving you less cash. Furthermore, you still can't use the endowment until the corpus hits the minimum threshold. You still don't have a $100,000 endowment. BTW, the donor would not get credit for giving $100,000 so I don't see how the naming opportunity would remain in force - nor would they show up in giving societies as a $100,000 donor - nor could you count $100,000 in your fundraising totals - AND you would have to write-off their pledge reducing your campaign totals. 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, Jun 26, 2019 at 5:09 PM Greenbaum, Josh S <JGREE2@emory.edu> wrote: > Hello, > > > > Does anyone have a process in place for discounting the typical threshold > amounts for establishing an endowment, named or not, based on early payment > of the pledge? For example, if a scholarship typically requires full > payment of $100,000 and the gift agreement calls for a five year payment > schedule, would you allow a $90,000 payment made by year three to establish > the scholarship? If so, do you still require the remaining balance or do > you write it off? > > > > It’s a weird question, I know. Not sure how we’d determine a discount > rate, but I was asked to ask. Thanks. > > > > -jsg > > > > > > *_____________________* > > *Joshua S. Greenbaum 09B, Executive Director* > > *Advancement Information Services* > > Emory University, Advancement & Alumni Engagement > > 1762 Clifton Road, Office 1456, Atlanta, GA 30322 > > Office: (404) 712-2020, Fax: (404) 727-4876 > > josh.greenbaum@emory.edu > > > > ------------------------------ > > This e-mail message (including any attachments) is for the sole use of > the intended recipient(s) and may contain confidential and privileged > information. If the reader of this message is not the intended > recipient, you are hereby notified that any dissemination, distribution > or copying of this message (including any attachments) is strictly > prohibited. > > If you have received this message in error, please contact > the sender by reply e-mail message and destroy all copies of the > original message (including attachments). >

Hello, Does anyone have a process in place for discounting the typical threshold amounts for establishing an endowment, named or not, based on early payment of the pledge? For example, if a scholarship typically requires full payment of $100,000 and the gift agreement calls for a five year payment schedule, would you allow a $90,000 payment made by year three to establish the scholarship? If so, do you still require the remaining balance or do you write it off? It's a weird question, I know. Not sure how we'd determine a discount rate, but I was asked to ask. Thanks. -jsg _____________________ Joshua S. Greenbaum 09B, Executive Director Advancement Information Services Emory University, Advancement & Alumni Engagement 1762 Clifton Road, Office 1456, Atlanta, GA 30322 Office: (404) 712-2020, Fax: (404) 727-4876 josh.greenbaum@emory.edu<mailto:josh.greenbaum@emory.edu> ________________________________ This e-mail message (including any attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this message (including any attachments) is strictly prohibited. If you have received this message in error, please contact the sender by reply e-mail message and destroy all copies of the original message (including attachments).