I am but the humble messenger. If you had seen my face when asked to look into the idea, you’d know I feel exactly the same way. Also, don’t call me “Shirley”.
-jsg
From: Advancement Services Discussion List <
FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of John Taylor
Sent: Wednesday, June 26, 2019 5:43 PM
To:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG
Subject: [External] Re: [FUNDSVCS] Discounting Endowment/Naming Thresholds for Early Payment
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<mailto:
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<mailto:
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<mailto:
josh.greenbaum@emory.edu>
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