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  • 1.  Deferred spend of scholarship donation

    Posted 12-30-2022 11:32 AM
    Hi all, and Happy New Year!

    We received a 7-figure donation for a spend-down scholarship, but finance put the money in a holding account, as we are actually spending it spread across ~10 years. Is there some way that I should be recording this in CRM rather than just an outright gift in a restricted fund, to account for the slow spend of the funds? (finance has it taken care of on their end, so that isn't an issue)


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    Abbey Soclof
    Associate Vice President, Advancement Operations
    Yeshiva University
    abbey.soclof@yu.edu
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  • 2.  RE: Deferred spend of scholarship donation

    Posted 12-30-2022 12:44 PM
    I would record it as an outright gift. Many donations are spent over time. That includes research grants and construction projects.

    You might wish to add a comment to the gift record, though.

    John

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard



    Original Message


  • 3.  RE: Deferred spend of scholarship donation

    Posted 12-30-2022 02:06 PM
    Agreed … in addition, you can probably put on the fund indications/indicators on how it will be spent/drawn down … we do this on scholarships where donors prepay but have a specific amount each year that should be spent

    Thanks

    Thomas Chaves
    Associate VP of Advancement
    Saint Joseph’s University
    tchaves@sju.edu
    610-660-1255

    Sent from my iPhone


    Original Message


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