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
π
> 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
>
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