FundSvcs Community

Good Morning: We had a donation that we solicited through our Foundation that ended up going through our office of sponsored research instead of our Foundation. The gift is philanthropic but because there was a reporting requirement our finance office directs it to sponsored research. The donor has requested a tax receipt and wanted to get some opinions around this, Do you send tax receipts to these donors? Thank you all for your help, Lisbeth Fernandez

The tax receipt is legally required to be issued for every charitable gift. If the gift is in fact charitable you need to issue a receipt, regardless of the internal processing and routing that the gift might have been put through. Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com Schedule a *30-minute consultation *now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez < lisbeth.fernandez@moffitt.org> wrote: > Good Morning: > > We had a donation that we solicited through our Foundation that ended up > going through our office of sponsored research instead of our Foundation. > The gift is philanthropic but because there was a reporting requirement our > finance office directs it to sponsored research. The donor has requested a > tax receipt and wanted to get some opinions around this, Do you send tax > receipts to these donors? > > Thank you all for your help, > Lisbeth Fernandez >

Absolutely - after recording them and counting them! John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On Aug 30, 2019, at 10:53 AM, Lisbeth Fernandez <lisbeth.fernandez@moffitt.org> wrote: > > Good Morning: > > We had a donation that we solicited through our Foundation that ended up going through our office of sponsored research instead of our Foundation. The gift is philanthropic but because there was a reporting requirement our finance office directs it to sponsored research. The donor has requested a tax receipt and wanted to get some opinions around this, Do you send tax receipts to these donors? > > Thank you all for your help, > Lisbeth Fernandez

Actually, we are not legally required to issue a receipt unless a donor asks for one. Of course good donor relations suggests that you issue a receipt before it is requested. The exception to this are QPQ gifts of $75+. Those must be receipted regardless of whether a donor asks for one. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com> wrote: > > The tax receipt is legally required to be issued for every charitable gift. If the gift is in fact charitable you need to issue a receipt, regardless of the internal processing and routing that the gift might have been put through. > > > Thank you, > Isaac Shalev > CRM Expert > Sage70, Inc. > (917) 859-0151 > isaac@sage70.com > > Schedule a 30-minute consultation now: > https://calendly.com/sage70/30min > > >> On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez <lisbeth.fernandez@moffitt.org> wrote: >> Good Morning: >> >> We had a donation that we solicited through our Foundation that ended up going through our office of sponsored research instead of our Foundation. The gift is philanthropic but because there was a reporting requirement our finance office directs it to sponsored research. The donor has requested a tax receipt and wanted to get some opinions around this, Do you send tax receipts to these donors? >> >> Thank you all for your help, >> Lisbeth Fernandez

John, can you explain this further? I'm not sure which types of gifts you're saying there's no legal obligation to acknowledge? Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com Schedule a *30-minute consultation *now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 11:07 AM John Taylor <johntaylorconsulting@gmail.com> wrote: > Actually, we are not legally required to issue a receipt unless a donor > asks for one. Of course good donor relations suggests that you issue a > receipt before it is requested. The exception to this are QPQ gifts of > $75+. Those must be receipted regardless of whether a donor asks for one. > > John > > John Taylor > 919.816.5903 > johntaylorconsulting@gmail.com > > Big ideas; small keyboard > > On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com> wrote: > > The tax receipt is legally required to be issued for every charitable > gift. If the gift is in fact charitable you need to issue a receipt, > regardless of the internal processing and routing that the gift might have > been put through. > > > Thank you, > Isaac Shalev > CRM Expert > Sage70, Inc. > (917) 859-0151 > isaac@sage70.com > > Schedule a *30-minute consultation *now: > https://calendly.com/sage70/30min > > > On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez < > lisbeth.fernandez@moffitt.org> wrote: > >> Good Morning: >> >> We had a donation that we solicited through our Foundation that ended up >> going through our office of sponsored research instead of our Foundation. >> The gift is philanthropic but because there was a reporting requirement our >> finance office directs it to sponsored research. The donor has requested a >> tax receipt and wanted to get some opinions around this, Do you send tax >> receipts to these donors? >> >> Thank you all for your help, >> Lisbeth Fernandez >> >

For gifts other than QPQ, no receipt is required at all for donations of under $250. For $250+, the IRS places the responsibility on the donor to "obtain" a receipt in time to file their tax return - if they wish to claim a deduction. Nonprofit organizations are not legally required to provide that substantiation unless requested by the donor. This has been the case since 1996 when the IRS issued their final substantiation regulations. We in the nonprofit community, however, have always advocated for issuing a receipt regardless. It is, after all, the first confirmation and thank you we have received their gift. However, those same regulations mandate the issuance of a QPQ receipt whenever the payment is $75+. Does that help? John John H. Taylor Principal John H. Taylor Consulting, LLC 2604 Sevier St. Durham, NC 27705 johntaylorconsulting@gmail.com 919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Fri, Aug 30, 2019 at 11:39 AM Isaac Shalev <isaac@sage70.com> wrote: > John, can you explain this further? I'm not sure which types of gifts > you're saying there's no legal obligation to acknowledge? > > > Thank you, > Isaac Shalev > CRM Expert > Sage70, Inc. > (917) 859-0151 > isaac@sage70.com > > Schedule a *30-minute consultation *now: > https://calendly.com/sage70/30min > > > On Fri, Aug 30, 2019 at 11:07 AM John Taylor < > johntaylorconsulting@gmail.com> wrote: > >> Actually, we are not legally required to issue a receipt unless a donor >> asks for one. Of course good donor relations suggests that you issue a >> receipt before it is requested. The exception to this are QPQ gifts of >> $75+. Those must be receipted regardless of whether a donor asks for one. >> >> John >> >> John Taylor >> 919.816.5903 >> johntaylorconsulting@gmail.com >> >> Big ideas; small keyboard >> >> On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com> wrote: >> >> The tax receipt is legally required to be issued for every charitable >> gift. If the gift is in fact charitable you need to issue a receipt, >> regardless of the internal processing and routing that the gift might have >> been put through. >> >> >> Thank you, >> Isaac Shalev >> CRM Expert >> Sage70, Inc. >> (917) 859-0151 >> isaac@sage70.com >> >> Schedule a *30-minute consultation *now: >> https://calendly.com/sage70/30min >> >> >> On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez < >> lisbeth.fernandez@moffitt.org> wrote: >> >>> Good Morning: >>> >>> We had a donation that we solicited through our Foundation that ended up >>> going through our office of sponsored research instead of our Foundation. >>> The gift is philanthropic but because there was a reporting requirement our >>> finance office directs it to sponsored research. The donor has requested a >>> tax receipt and wanted to get some opinions around this, Do you send tax >>> receipts to these donors? >>> >>> Thank you all for your help, >>> Lisbeth Fernandez >>> >>

Thanks for clarifying, that makes sense. Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com Schedule a *30-minute consultation *now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 11:49 AM John Taylor <johntaylorconsulting@gmail.com> wrote: > For gifts other than QPQ, no receipt is required at all for donations of > under $250. For $250+, the IRS places the responsibility on the donor to > "obtain" a receipt in time to file their tax return - if they wish to claim > a deduction. Nonprofit organizations are not legally required to provide > that substantiation unless requested by the donor. This has been the case > since 1996 when the IRS issued their final substantiation regulations. > > We in the nonprofit community, however, have always advocated for issuing > a receipt regardless. It is, after all, the first confirmation and thank > you we have received their gift. > > However, those same regulations mandate the issuance of a QPQ receipt > whenever the payment is $75+. > > Does that help? > > John > > John H. Taylor > Principal > John H. Taylor Consulting, LLC > 2604 Sevier St. > Durham, NC 27705 > johntaylorconsulting@gmail.com > 919.816.5903 (cell/text) > > Serving the Advancement Community Since 1987 > > > On Fri, Aug 30, 2019 at 11:39 AM Isaac Shalev <isaac@sage70.com> wrote: > >> John, can you explain this further? I'm not sure which types of gifts >> you're saying there's no legal obligation to acknowledge? >> >> >> Thank you, >> Isaac Shalev >> CRM Expert >> Sage70, Inc. >> (917) 859-0151 >> isaac@sage70.com >> >> Schedule a *30-minute consultation *now: >> https://calendly.com/sage70/30min >> >> >> On Fri, Aug 30, 2019 at 11:07 AM John Taylor < >> johntaylorconsulting@gmail.com> wrote: >> >>> Actually, we are not legally required to issue a receipt unless a donor >>> asks for one. Of course good donor relations suggests that you issue a >>> receipt before it is requested. The exception to this are QPQ gifts of >>> $75+. Those must be receipted regardless of whether a donor asks for one. >>> >>> John >>> >>> John Taylor >>> 919.816.5903 >>> johntaylorconsulting@gmail.com >>> >>> Big ideas; small keyboard >>> >>> On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com> wrote: >>> >>> The tax receipt is legally required to be issued for every charitable >>> gift. If the gift is in fact charitable you need to issue a receipt, >>> regardless of the internal processing and routing that the gift might have >>> been put through. >>> >>> >>> Thank you, >>> Isaac Shalev >>> CRM Expert >>> Sage70, Inc. >>> (917) 859-0151 >>> isaac@sage70.com >>> >>> Schedule a *30-minute consultation *now: >>> https://calendly.com/sage70/30min >>> >>> >>> On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez < >>> lisbeth.fernandez@moffitt.org> wrote: >>> >>>> Good Morning: >>>> >>>> We had a donation that we solicited through our Foundation that ended >>>> up going through our office of sponsored research instead of our >>>> Foundation. The gift is philanthropic but because there was a reporting >>>> requirement our finance office directs it to sponsored research. The donor >>>> has requested a tax receipt and wanted to get some opinions around this, Do >>>> you send tax receipts to these donors? >>>> >>>> Thank you all for your help, >>>> Lisbeth Fernandez >>>> >>>

So here is a rhetorical question - and one we will seek to answer at Summit: We accept that traditionally issuing a receipt has been the right thing to do before a donor asks for one. We also know that this is done at a relatively large expense. With the near doubling of the standard deduction, and estimates that only 8% of US taxpayers are now itemizing, is it time to rethink our stance on automatically issuing receipts? John H. Taylor Principal John H. Taylor Consulting, LLC 2604 Sevier St. Durham, NC 27705 johntaylorconsulting@gmail.com 919.816.5903 (cell/text) Serving the Advancement Community Since 1987 On Fri, Aug 30, 2019 at 11:57 AM Isaac Shalev <isaac@sage70.com> wrote: > Thanks for clarifying, that makes sense. > > > Thank you, > Isaac Shalev > CRM Expert > Sage70, Inc. > (917) 859-0151 > isaac@sage70.com > > Schedule a *30-minute consultation *now: > https://calendly.com/sage70/30min > > > On Fri, Aug 30, 2019 at 11:49 AM John Taylor < > johntaylorconsulting@gmail.com> wrote: > >> For gifts other than QPQ, no receipt is required at all for donations of >> under $250. For $250+, the IRS places the responsibility on the donor to >> "obtain" a receipt in time to file their tax return - if they wish to claim >> a deduction. Nonprofit organizations are not legally required to provide >> that substantiation unless requested by the donor. This has been the case >> since 1996 when the IRS issued their final substantiation regulations. >> >> We in the nonprofit community, however, have always advocated for issuing >> a receipt regardless. It is, after all, the first confirmation and thank >> you we have received their gift. >> >> However, those same regulations mandate the issuance of a QPQ receipt >> whenever the payment is $75+. >> >> Does that help? >> >> John >> >> John H. Taylor >> Principal >> John H. Taylor Consulting, LLC >> 2604 Sevier St. >> Durham, NC 27705 >> johntaylorconsulting@gmail.com >> 919.816.5903 (cell/text) >> >> Serving the Advancement Community Since 1987 >> >> >> On Fri, Aug 30, 2019 at 11:39 AM Isaac Shalev <isaac@sage70.com> wrote: >> >>> John, can you explain this further? I'm not sure which types of gifts >>> you're saying there's no legal obligation to acknowledge? >>> >>> >>> Thank you, >>> Isaac Shalev >>> CRM Expert >>> Sage70, Inc. >>> (917) 859-0151 >>> isaac@sage70.com >>> >>> Schedule a *30-minute consultation *now: >>> https://calendly.com/sage70/30min >>> >>> >>> On Fri, Aug 30, 2019 at 11:07 AM John Taylor < >>> johntaylorconsulting@gmail.com> wrote: >>> >>>> Actually, we are not legally required to issue a receipt unless a donor >>>> asks for one. Of course good donor relations suggests that you issue a >>>> receipt before it is requested. The exception to this are QPQ gifts of >>>> $75+. Those must be receipted regardless of whether a donor asks for one. >>>> >>>> John >>>> >>>> John Taylor >>>> 919.816.5903 >>>> johntaylorconsulting@gmail.com >>>> >>>> Big ideas; small keyboard >>>> >>>> On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com> wrote: >>>> >>>> The tax receipt is legally required to be issued for every charitable >>>> gift. If the gift is in fact charitable you need to issue a receipt, >>>> regardless of the internal processing and routing that the gift might have >>>> been put through. >>>> >>>> >>>> Thank you, >>>> Isaac Shalev >>>> CRM Expert >>>> Sage70, Inc. >>>> (917) 859-0151 >>>> isaac@sage70.com >>>> >>>> Schedule a *30-minute consultation *now: >>>> https://calendly.com/sage70/30min >>>> >>>> >>>> On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez < >>>> lisbeth.fernandez@moffitt.org> wrote: >>>> >>>>> Good Morning: >>>>> >>>>> We had a donation that we solicited through our Foundation that ended >>>>> up going through our office of sponsored research instead of our >>>>> Foundation. The gift is philanthropic but because there was a reporting >>>>> requirement our finance office directs it to sponsored research. The donor >>>>> has requested a tax receipt and wanted to get some opinions around this, Do >>>>> you send tax receipts to these donors? >>>>> >>>>> Thank you all for your help, >>>>> Lisbeth Fernandez >>>>> >>>>

Rhetorical questions on the Friday before a holiday weekend... you're really daring us, John! I think we'd agree that the main goal of receipt is really acknowledgement, and saying thank you for a gift is basic manners and foundational to stewardship. We should be careful not to let tax laws drive this conversation too far. Rather than attacking this question as a monolith, we might wish to break it down. I'd start looking at a matrix, with one axis being expense of acknowledgment, and the other being impact. Where impact is high or expense is low, it seems like we'd still want to acknowledge as we do today. The only quadrant that we may wish to reconsider our practices for is high-expense, low-impact acknowledgements. This is presumably the case for low-dollar gifts made by paper check, low-dollar cash gifts made at events, or gifts collected through P2P-type software where the data collect wasn't done right or well. Any other major categories that fall into this quadrant? We could also reconsider the means by which we acknowledge. Perhaps moving to a quarterly system instead of a just-in-time system, at least for a broad set of gifts, can substantially reduce expenses without totally sacrificing stewardship. And that also brings us to the issue of what are the true cost-drivers for gift acknowledgment. It's not the automated email from online gifts that costs money. It's the paper processes. And those are likely worthwhile for thank-you personalizations at higher-dollar gifts for donors in that 8% of itemizers. Ok, what else should we be thinking about that I missed here? Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com Schedule a *30-minute consultation *now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 12:16 PM John Taylor <johntaylorconsulting@gmail.com> wrote: > So here is a rhetorical question - and one we will seek to answer at > Summit: > > We accept that traditionally issuing a receipt has been the right thing to > do before a donor asks for one. We also know that this is done at a > relatively large expense. With the near doubling of the standard > deduction, and estimates that only 8% of US taxpayers are now itemizing, is > it time to rethink our stance on automatically issuing receipts? > > > > John H. Taylor > Principal > John H. Taylor Consulting, LLC > 2604 Sevier St. > Durham, NC 27705 > johntaylorconsulting@gmail.com > 919.816.5903 (cell/text) > > Serving the Advancement Community Since 1987 > > > On Fri, Aug 30, 2019 at 11:57 AM Isaac Shalev <isaac@sage70.com> wrote: > >> Thanks for clarifying, that makes sense. >> >> >> Thank you, >> Isaac Shalev >> CRM Expert >> Sage70, Inc. >> (917) 859-0151 >> isaac@sage70.com >> >> Schedule a *30-minute consultation *now: >> https://calendly.com/sage70/30min >> >> >> On Fri, Aug 30, 2019 at 11:49 AM John Taylor < >> johntaylorconsulting@gmail.com> wrote: >> >>> For gifts other than QPQ, no receipt is required at all for donations of >>> under $250. For $250+, the IRS places the responsibility on the donor to >>> "obtain" a receipt in time to file their tax return - if they wish to claim >>> a deduction. Nonprofit organizations are not legally required to provide >>> that substantiation unless requested by the donor. This has been the case >>> since 1996 when the IRS issued their final substantiation regulations. >>> >>> We in the nonprofit community, however, have always advocated for >>> issuing a receipt regardless. It is, after all, the first confirmation and >>> thank you we have received their gift. >>> >>> However, those same regulations mandate the issuance of a QPQ receipt >>> whenever the payment is $75+. >>> >>> Does that help? >>> >>> John >>> >>> John H. Taylor >>> Principal >>> John H. Taylor Consulting, LLC >>> 2604 Sevier St. >>> Durham, NC 27705 >>> johntaylorconsulting@gmail.com >>> 919.816.5903 (cell/text) >>> >>> Serving the Advancement Community Since 1987 >>> >>> >>> On Fri, Aug 30, 2019 at 11:39 AM Isaac Shalev <isaac@sage70.com> wrote: >>> >>>> John, can you explain this further? I'm not sure which types of gifts >>>> you're saying there's no legal obligation to acknowledge? >>>> >>>> >>>> Thank you, >>>> Isaac Shalev >>>> CRM Expert >>>> Sage70, Inc. >>>> (917) 859-0151 >>>> isaac@sage70.com >>>> >>>> Schedule a *30-minute consultation *now: >>>> https://calendly.com/sage70/30min >>>> >>>> >>>> On Fri, Aug 30, 2019 at 11:07 AM John Taylor < >>>> johntaylorconsulting@gmail.com> wrote: >>>> >>>>> Actually, we are not legally required to issue a receipt unless a >>>>> donor asks for one. Of course good donor relations suggests that you issue >>>>> a receipt before it is requested. The exception to this are QPQ gifts of >>>>> $75+. Those must be receipted regardless of whether a donor asks for one. >>>>> >>>>> John >>>>> >>>>> John Taylor >>>>> 919.816.5903 >>>>> johntaylorconsulting@gmail.com >>>>> >>>>> Big ideas; small keyboard >>>>> >>>>> On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com> wrote: >>>>> >>>>> The tax receipt is legally required to be issued for every charitable >>>>> gift. If the gift is in fact charitable you need to issue a receipt, >>>>> regardless of the internal processing and routing that the gift might have >>>>> been put through. >>>>> >>>>> >>>>> Thank you, >>>>> Isaac Shalev >>>>> CRM Expert >>>>> Sage70, Inc. >>>>> (917) 859-0151 >>>>> isaac@sage70.com >>>>> >>>>> Schedule a *30-minute consultation *now: >>>>> https://calendly.com/sage70/30min >>>>> >>>>> >>>>> On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez < >>>>> lisbeth.fernandez@moffitt.org> wrote: >>>>> >>>>>> Good Morning: >>>>>> >>>>>> We had a donation that we solicited through our Foundation that ended >>>>>> up going through our office of sponsored research instead of our >>>>>> Foundation. The gift is philanthropic but because there was a reporting >>>>>> requirement our finance office directs it to sponsored research. The donor >>>>>> has requested a tax receipt and wanted to get some opinions around this, Do >>>>>> you send tax receipts to these donors? >>>>>> >>>>>> Thank you all for your help, >>>>>> Lisbeth Fernandez >>>>>> >>>>>

Good morning, Lisbeth. Based on how you've described the gift, I don't see any reason you wouldn't want to issue a receipt. Michael Halverson, Ed.D. Senior Director of Advancement Services Loyola University Chicago T. 312-915-7283 | C. 320-363-4987 mhalverson@luc.edu | www.luc.edu/advancement
Original Message----- From: Advancement Services Discussion List [mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of Lisbeth Fernandez Sent: Friday, August 30, 2019 9:54 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Tax Receipt for Philanthropic Grants in OSR Good Morning: We had a donation that we solicited through our Foundation that ended up going through our office of sponsored research instead of our Foundation. The gift is philanthropic but because there was a reporting requirement our finance office directs it to sponsored research. The donor has requested a tax receipt and wanted to get some opinions around this, Do you send tax receipts to these donors? Thank you all for your help, Lisbeth Fernandez

I agree – the thank you is the most important part of this process – the receipt embedded does not add expense. I do think a thank you is warranted in all cases. Most gifts coming in benefit us well above the price (paper, stamps, time) of the letter going out. That said, with automatic payments by card or bank, we issue one thank you at the end of the calendar year – but all donors are thanked regardless of gift size. Without a thank you note of some type (personal are probably best but electronic-email at least), the donor will not know if the gift was received, and valued. [cid:image001.png@01D55F46.10170070] [Untitled-1.png] Kristy Liphart | Vice President of Advancement Office: 920.693.1865 | Mobile: 715.292.1866 1.888.GO TO LTC Website<http://gotoltc.edu/index.html> | Explore Programs<http://gotoltc.edu/academics/> | Facebook<https://www.facebook.com/lakeshoretechnicalcollege> | Upcoming Events<http://gotoltc.edu/about-us/ltc-event-calendar/events-calendar.php> From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Isaac Shalev Sent: Friday, August 30, 2019 1:18 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] Tax Receipt for Philanthropic Grants in OSR CAUTION: This email originated from outside of the LTC organization. Do not click links or open attachments unless you recognize the sender. Rhetorical questions on the Friday before a holiday weekend... you're really daring us, John! I think we'd agree that the main goal of receipt is really acknowledgement, and saying thank you for a gift is basic manners and foundational to stewardship. We should be careful not to let tax laws drive this conversation too far. Rather than attacking this question as a monolith, we might wish to break it down. I'd start looking at a matrix, with one axis being expense of acknowledgment, and the other being impact. Where impact is high or expense is low, it seems like we'd still want to acknowledge as we do today. The only quadrant that we may wish to reconsider our practices for is high-expense, low-impact acknowledgements. This is presumably the case for low-dollar gifts made by paper check, low-dollar cash gifts made at events, or gifts collected through P2P-type software where the data collect wasn't done right or well. Any other major categories that fall into this quadrant? We could also reconsider the means by which we acknowledge. Perhaps moving to a quarterly system instead of a just-in-time system, at least for a broad set of gifts, can substantially reduce expenses without totally sacrificing stewardship. And that also brings us to the issue of what are the true cost-drivers for gift acknowledgment. It's not the automated email from online gifts that costs money. It's the paper processes. And those are likely worthwhile for thank-you personalizations at higher-dollar gifts for donors in that 8% of itemizers. Ok, what else should we be thinking about that I missed here? Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com<mailto:isaac@sage70.com> Schedule a 30-minute consultation now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 12:16 PM John Taylor <johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com>> wrote: So here is a rhetorical question - and one we will seek to answer at Summit: We accept that traditionally issuing a receipt has been the right thing to do before a donor asks for one. We also know that this is done at a relatively large expense. With the near doubling of the standard deduction, and estimates that only 8% of US taxpayers are now itemizing, is it time to rethink our stance on automatically issuing receipts? John H. Taylor Principal John H. Taylor Consulting, LLC 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 Fri, Aug 30, 2019 at 11:57 AM Isaac Shalev <isaac@sage70.com<mailto:isaac@sage70.com>> wrote: Thanks for clarifying, that makes sense. Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com<mailto:isaac@sage70.com> Schedule a 30-minute consultation now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 11:49 AM John Taylor <johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com>> wrote: For gifts other than QPQ, no receipt is required at all for donations of under $250. For $250+, the IRS places the responsibility on the donor to "obtain" a receipt in time to file their tax return - if they wish to claim a deduction. Nonprofit organizations are not legally required to provide that substantiation unless requested by the donor. This has been the case since 1996 when the IRS issued their final substantiation regulations. We in the nonprofit community, however, have always advocated for issuing a receipt regardless. It is, after all, the first confirmation and thank you we have received their gift. However, those same regulations mandate the issuance of a QPQ receipt whenever the payment is $75+. Does that help? John John H. Taylor Principal John H. Taylor Consulting, LLC 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 Fri, Aug 30, 2019 at 11:39 AM Isaac Shalev <isaac@sage70.com<mailto:isaac@sage70.com>> wrote: John, can you explain this further? I'm not sure which types of gifts you're saying there's no legal obligation to acknowledge? Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com<mailto:isaac@sage70.com> Schedule a 30-minute consultation now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 11:07 AM John Taylor <johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com>> wrote: Actually, we are not legally required to issue a receipt unless a donor asks for one. Of course good donor relations suggests that you issue a receipt before it is requested. The exception to this are QPQ gifts of $75+. Those must be receipted regardless of whether a donor asks for one. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com<mailto:johntaylorconsulting@gmail.com> Big ideas; small keyboard On Aug 30, 2019, at 10:58 AM, Isaac Shalev <isaac@sage70.com<mailto:isaac@sage70.com>> wrote: The tax receipt is legally required to be issued for every charitable gift. If the gift is in fact charitable you need to issue a receipt, regardless of the internal processing and routing that the gift might have been put through. Thank you, Isaac Shalev CRM Expert Sage70, Inc. (917) 859-0151 isaac@sage70.com<mailto:isaac@sage70.com> Schedule a 30-minute consultation now: https://calendly.com/sage70/30min On Fri, Aug 30, 2019 at 10:54 AM Lisbeth Fernandez <lisbeth.fernandez@moffitt.org<mailto:lisbeth.fernandez@moffitt.org>> wrote: Good Morning: We had a donation that we solicited through our Foundation that ended up going through our office of sponsored research instead of our Foundation. The gift is philanthropic but because there was a reporting requirement our finance office directs it to sponsored research. The donor has requested a tax receipt and wanted to get some opinions around this, Do you send tax receipts to these donors? Thank you all for your help, Lisbeth Fernandez

Thanks everyone! This was so helpful!