FundSvcs Community

Hi hive mind - a gift officer just brought up an interesting question that I don't know the answer to. Can a donor set up a recurring gift through their DAF? My instinct is no, because the DAF reserves the right to deny any recommendation at any time. I'm not asking about whether we could enter it as a recurring gift; I'm just interested if it is something DAFs would allow. Thanks! Anne August, Gift Analyst Office of Advancement Simmons University 300 The Fenway Boston, MA 02115 (617) 521-2329 (800) 831-4284 *Electronic Security Notice* Please do not email credit card numbers. If you wish to make your gift via credit card, please use the secure giving link below, or call the Advancement Office toll-free. alumnet.simmons.edu/giving

I think you are asking the wrong hive - and the donor is, too :-). Some DAFs may give greater flexibility to donors than others in the approval process - but to your point, it is not their money. Therefore, only the DAF could authorize the recurring drafting of their checking account. So your donor really needs to ask this question of their DAF. 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 Mon, Jul 22, 2019 at 2:16 PM Anne August <anne.august@simmons.edu> wrote: > Hi hive mind - a gift officer just brought up an interesting question that > I don't know the answer to. Can a donor set up a recurring gift through > their DAF? My instinct is no, because the DAF reserves the right to deny > any recommendation at any time. I'm not asking about whether we could > enter it as a recurring gift; I'm just interested if it is something DAFs > would allow. > > Thanks! > > Anne August, Gift Analyst > Office of Advancement > Simmons University > 300 The Fenway > Boston, MA 02115 > (617) 521-2329 > (800) 831-4284 > > *Electronic Security Notice* > Please do not email credit card numbers. > > If you wish to make your gift via credit card, please use the secure > giving link below, or call the Advancement Office toll-free. > > alumnet.simmons.edu/giving >

Hello, Anne! I don't know if it's true of all organizations that house DAFs but some of them do allow the individual to start a recurring/scheduled grant. CJ Jones Associate Director of Donor Services, Purdue Research Foundation Dauch Alumni Center | 403 W Wood St | West Lafayette, IN 47907 wcjones@prf.org | DAUCH 3118 | (765) 496-3116 WARNING: CONFIDENTIALITY NOTICE The information enclosed with this transmission is the private, confidential property of the sender, and is privileged communication intended solely for the individual indicated above. If you are not the intended recipient, you are notified that any review, disclosure, copying, distribution, or the taking of any other action relevant to the contents of this transmission are strictly prohibited. If you have received this email in error, or are not the named recipient(s), please notify the sender immediately by sending a reply to this message that it was sent in error and delete this email from your system.
Original Message----- From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Anne August Sent: Monday, July 22, 2019 2:16 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Recurring Gift from a DAF? Hi hive mind - a gift officer just brought up an interesting question that I don't know the answer to. Can a donor set up a recurring gift through their DAF? My instinct is no, because the DAF reserves the right to deny any recommendation at any time. I'm not asking about whether we could enter it as a recurring gift; I'm just interested if it is something DAFs would allow. Thanks! Anne August, Gift Analyst Office of Advancement Simmons University 300 The Fenway Boston, MA 02115 (617) 521-2329 (800) 831-4284 *Electronic Security Notice* Please do not email credit card numbers. If you wish to make your gift via credit card, please use the secure giving link below, or call the Advancement Office toll-free. alumnet.simmons.edu/giving

Yes, Fidelity, the largest of the DAF providers, does allow what they call "recurring gift recommendations." Legally speaking, this isn't binding on Fidelity, but as a practical matter it is the same as a recurring gift. In terms of entering it as a recurring gift, I don't think the fact that it's not legally binding is a problem, since neither are other non-pledge-based recurring gifts. If I sign up to a $20/mo recurring gift, I can cancel at any time without penalty, so my next month's gift is a gift intention, not a pledge, since there's nothing enforceable or irrevocable. That seems to be identical to the DAF recurring gift situation. Isaac Shalev CRM Expert www.sage70.com