FundSvcs Community

Our annual gifts tend to come in via online giving, which is all credit card of course. The few major gifts we get are either through a US intermediary entity or via wire. -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 -----Original Message----- From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of May, Michael D (mdm7pk) Sent: Wednesday, July 31, 2019 5:16 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [External] [FUNDSVCS] Gifts from China? Good afternoon, Can anyone share how they receive gifts (annual or major) from mainland China? I know that in theory individuals can exchange up to $50K per year to transfer internationally, though maybe not for philanthropic purposes if it's a state-owned bank. I have also read individuals can make international purchases on a credit card up to 300,000 CNY per month. Has anyone experienced technology constraints with international credit card transactions not going through? How did you solve this? Hong Kong is an option for wealthier individuals. Does anyone have any experience with major gifts coming out of the mainland? Perhaps via a WFOE? Or perhaps raising funds that could be retained in China to finance local programming from your institution? Thanks very much. Happy to share my findings as well. Mike Michael May, Director of Financial Business Intelligence | Advancement Business Intelligence Advancement Operations | 2420 Old Ivy Road | Charlottesville, VA 22903 P: 434.924.3268 | E: mdm7pk@virginia.edu Give to UVA ________________________________ 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).

We have just setup a unique gateway (and dedicated forms) for international credit card gifts with address verification removed. Too soon to gauge impact. Aaron 😃 > On Jul 31, 2019, at 5:41 PM, Greenbaum, Josh S <JGREE2@emory.edu> wrote: > > Our annual gifts tend to come in via online giving, which is all credit card of course. The few major gifts we get are either through a US intermediary entity or via wire. > > -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 > > > > -----Original Message----- > From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of May, Michael D (mdm7pk) > Sent: Wednesday, July 31, 2019 5:16 PM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: [External] [FUNDSVCS] Gifts from China? > > Good afternoon, > > Can anyone share how they receive gifts (annual or major) from mainland China? > > I know that in theory individuals can exchange up to $50K per year to transfer internationally, though maybe not for philanthropic purposes if it's a state-owned bank. I have also read individuals can make international purchases on a credit card up to 300,000 CNY per month. Has anyone experienced technology constraints with international credit card transactions not going through? How did you solve this? > > Hong Kong is an option for wealthier individuals. Does anyone have any experience with major gifts coming out of the mainland? Perhaps via a WFOE? Or perhaps raising funds that could be retained in China to finance local programming from your institution? > > > Thanks very much. Happy to share my findings as well. > > Mike > > Michael May, Director of Financial Business Intelligence | Advancement Business Intelligence Advancement Operations | 2420 Old Ivy Road | Charlottesville, VA 22903 > P: 434.924.3268 | E: mdm7pk@virginia.edu Give to UVA > > ________________________________ > > 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).

Thanks Aaron. Is there any specific technology you needed to make this happen? Did you accomplish this with imodules and your regular payment processor? -----Original Message----- From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Forrest, Aaron Sent: Thursday, August 1, 2019 5:52 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] [External] [FUNDSVCS] Gifts from China? We have just setup a unique gateway (and dedicated forms) for international credit card gifts with address verification removed. Too soon to gauge impact. Aaron 😃 > On Jul 31, 2019, at 5:41 PM, Greenbaum, Josh S <JGREE2@emory.edu> wrote: > > Our annual gifts tend to come in via online giving, which is all credit card of course. The few major gifts we get are either through a US intermediary entity or via wire. > > -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 > > > > -----Original Message----- > From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of May, Michael D (mdm7pk) > Sent: Wednesday, July 31, 2019 5:16 PM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: [External] [FUNDSVCS] Gifts from China? > > Good afternoon, > > Can anyone share how they receive gifts (annual or major) from mainland China? > > I know that in theory individuals can exchange up to $50K per year to transfer internationally, though maybe not for philanthropic purposes if it's a state-owned bank. I have also read individuals can make international purchases on a credit card up to 300,000 CNY per month. Has anyone experienced technology constraints with international credit card transactions not going through? How did you solve this? > > Hong Kong is an option for wealthier individuals. Does anyone have any experience with major gifts coming out of the mainland? Perhaps via a WFOE? Or perhaps raising funds that could be retained in China to finance local programming from your institution? > > > Thanks very much. Happy to share my findings as well. > > Mike > > Michael May, Director of Financial Business Intelligence | Advancement Business Intelligence Advancement Operations | 2420 Old Ivy Road | Charlottesville, VA 22903 > P: 434.924.3268 | E: mdm7pk@virginia.edu Give to UVA > > ________________________________ > > 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).