FundSvcs Community

Signatories should be in alignment with you financial policies and procedures, which should delineate the signing authority of all the officers in your organization. Auditors can provide best practices, but generally speaking two signatories are recommended on transactions over some amount. I've seen it vary from as little as $5,000 at smaller orgs to as much as $25,000. Beyond that, you can use a cc line to ensure that all the names that everyone expects to see on the document are on it, irrespective of whether they sign it. 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 Wed, Sep 4, 2019 at 11:23 AM Anna Wilk < 0000000db8c39c8e-dmarc-request@listserv.fundsvcs.org> wrote: > Hi all, > > We are trying to be a bit more consistent when writing an agreement as to > who the signs the agreement. Currently we have the donor, fund > administrator of the fund, and our President. Should or do we need someone > to sign from advancement? Or are there different signers that have not > thought of? > > keep in mind our agreements do not get signed until the President sees the > approval of our CFO and Financial Aid if needed. > > Thanks in advance, > Anna Simons > Saint Xavier University >

Hi all, We are trying to be a bit more consistent when writing an agreement as to who the signs the agreement.  Currently we have the donor, fund administrator of the fund, and our President.  Should or do we need someone to sign from advancement?  Or are there different signers that have not thought of? keep in mind our agreements do not get signed until the President sees the approval of our CFO and Financial Aid if needed.  Thanks in advance,Anna SimonsSaint Xavier University

For us, the donor and the Foundation VP/Chief Development Officer always signs. If the agreement is over $250,000 then we require the additional signature of the Hospital President/CEO. Lisa M. Johnson Manager, Development Services The Valley Hospital Foundation Phone: 201-447-8427 Cell: 973-865-4797 Ljohnso7@valleyhealth.com<mailto:Ljohnso7@valleyhealth.com> From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Anna Wilk Sent: Wednesday, September 04, 2019 11:24 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Gift Agreements and who signs internally looking for best practice CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi all, We are trying to be a bit more consistent when writing an agreement as to who the signs the agreement. Currently we have the donor, fund administrator of the fund, and our President. Should or do we need someone to sign from advancement? Or are there different signers that have not thought of? keep in mind our agreements do not get signed until the President sees the approval of our CFO and Financial Aid if needed. Thanks in advance, Anna Simons Saint Xavier University