FundSvcs Community

 View Only

  • 1.  Estate Gifts -- receipt/acknowledgment?

    Posted 06-16-2025 11:26 AM

    Hello everyone,

    I am reviewing our process for accepting an estate gift.  What is the best procedure for receipting or acknoweldeging?  Is a receipt necessary?  If so, who do you direct it to, the Trust but attention to the attorney?  We often times do not have the contact information for the successor co-trustees.  Do you forgo a formal acknowledgment letter?

    Thank you all!

    Molly



    ------------------------------
    Molly Kaszuba

    Senior Director of Advancement Operations
    New York Law School
    molly.kaszuba@nyls.edu
    ------------------------------


  • 2.  RE: Estate Gifts -- receipt/acknowledgment?

    Posted 06-16-2025 11:36 AM
    Yes, a receipt is necessary for tax purposes.

    A common approach is to create an alias name for the donor along the lines of Estate of [deceased name]. If you know the name and address of the executor or trustee, you can add that as a new address. The receipt can then go to that Estate of name, ICO the name of the Executor, and their address.

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


Related Content