FundSvcs Community

All,
If you have a joint pledge in your system and a gift comes in from a DAF that is obviously meant to go towards fulfilling that pledge, but the DAF paperwork only references one of the spouses... would you enter the DAF gift as joint (because the pledge is joint) or only under the spouse referenced in the accompanying paperwork?

Thanks,
Eric

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Eric Valdescaro
Senior Director, Advancement Services
University of Memphis
eric.valdescaro@memphis.edu
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Yes, thank you Teresa and John.  That is why I put "payment" in quotes and referenced the contribution as a DAF gift in my post.  I didn't want to state the obvious, but we do not apply the DAF gift as a payment on the pledge.  Sorry I wrote "enter DAF gift as joint."  I meant enter the DAF gift (under the DAF entity of course) but apply soft credit to both spouses.

Again, my question is, if the pledge was made by the donors as joint, and you know the intent of the donor was that they want the advised gift to alleviate their obligation, and their obligation was made jointly, would you enter give soft credit to both spouses (since the pledge was joint), or would you only gift soft credit to the spouse referenced in the DAF paperwork.

Thank you,
Eric

------------------------------
Eric Valdescaro
Senior Director, Advancement Services
University of Memphis
eric.valdescaro@memphis.edu
------------------------------

Original Message:
Sent: 12/13/2022 2:15:00 PM
From: Eric F. Valdescaro
Subject: RE: DAF "payment" from one spouse on a joint pledge

Yes, thank you Teresa and John.  That is why I put "payment" in quotes and referenced the contribution as a DAF gift in my post.  I didn't want to state the obvious, but we do not apply the DAF gift as a payment on the pledge.  Sorry I wrote "enter DAF gift as joint."  I meant enter the DAF gift (under the DAF entity of course) but apply soft credit to both spouses.

Again, my question is, if the pledge was made by the donors as joint, and you know the intent of the donor was that they want the advised gift to alleviate their obligation, and their obligation was made jointly, would you enter give soft credit to both spouses (since the pledge was joint), or would you only gift soft credit to the spouse referenced in the DAF paperwork.

Thank you,
Eric

------------------------------
Eric Valdescaro
Senior Director, Advancement Services
University of Memphis
eric.valdescaro@memphis.edu
------------------------------

Original Message:
Sent: 12/13/2022 2:15:00 PM
From: Eric F. Valdescaro
Subject: RE: DAF "payment" from one spouse on a joint pledge

Yes, thank you Teresa and John.  That is why I put "payment" in quotes and referenced the contribution as a DAF gift in my post.  I didn't want to state the obvious, but we do not apply the DAF gift as a payment on the pledge.  Sorry I wrote "enter DAF gift as joint."  I meant enter the DAF gift (under the DAF entity of course) but apply soft credit to both spouses.

Again, my question is, if the pledge was made by the donors as joint, and you know the intent of the donor was that they want the advised gift to alleviate their obligation, and their obligation was made jointly, would you enter give soft credit to both spouses (since the pledge was joint), or would you only gift soft credit to the spouse referenced in the DAF paperwork.

Thank you,
Eric

------------------------------
Eric Valdescaro
Senior Director, Advancement Services
University of Memphis
eric.valdescaro@memphis.edu
------------------------------

Thanks all for your responses.  This helps. 👍

------------------------------
Eric Valdescaro
Senior Director, Advancement Services
University of Memphis
eric.valdescaro@memphis.edu
------------------------------