Hey everyone!
I need some guidance on this situation.
We have a donor who likes to purchase gifts (desk clocks) for the student scholarship recipients. The development officer purchases them from the operating account and the donor writes a check back to us. The only thing that causes me to pause is the donor wants the funds to go to the endowed scholarship account and be counted as a gift. I don't think the funds should go to the scholarship account, but rather to a current use fund for this purpose. Am I thinking too much into this? Is this any different where a donor underwrites an event? Seems like we are putting ourselves in the middle of a transaction where we don't need to be.
Thank you!
Michele
Responsibility ~ Self-Assurance ~ Arranger ~ Relator ~ Input