Thank you John. Always good to get a second opinion on these things!
Lisa
On Tue, Jul 2, 2019 at 4:51 PM John Taylor <
johntaylorconsulting@gmail.com>
wrote:
> I have only seen the restrictions you have mentioned. Adding to an
> endowment that does not result in benefits is a pretty standard use of
> these distributions.
>
> And the match really isn't an issue - these are the donor's funds. But
> you would have to read the Federal match guidelines to make sure that they
> haven't placed any restrictions on funds eligible for matching.
>
> John
>
> John
>
> John Taylor
> 919.816.5903
>
johntaylorconsulting@gmail.com
>
> Big ideas; small keyboard
>
> On Jul 2, 2019, at 7:29 PM, Lisa Ziska-Marchand <
lziska-marchand@csumb.edu>
> wrote:
>
> We have an IRA gift that the benefiting department would like to put into
> an endowment that will be matched by a federal grant. A note on the
> material provided to us by the IRA manager states "...that the gift will
> not be placed in a donor advised fund or supporting organization."
> Besides benefits to the donor which is not relevant for this particular
> gift, are there other limits to how we can use IRA rollover gifts that we
> should be aware of? Would the federal match be a problem?
>
> Thanks in advance,
>
> Lisa
>
> --
> *Lisa Ziska-Marchand, M.S.*
> *Director of Prospect Research & Advancement Services*
> *California State University, Monterey Bay*
> *(831) 582-3363*
>
>
--
*Lisa Ziska-Marchand, M.S.*
*Director of Prospect Research & Advancement Services*
*California State University, Monterey Bay*
*(831) 582-3363*