FundSvcs Community

 View Only
Back to discussions
Expand all | Collapse all

Gift from IRA - Person Deceased soon after sending. How should we acknowledgement this gift?

  • 1.  Gift from IRA - Person Deceased soon after sending. How should we acknowledgement this gift?

    Posted yesterday

    Good morning all, 

    We have received a gift from a donor's IRA account, and shortly after received word from his spouse that he had passed. For tax purposes, he is the hard credit and has to be included in the letter, but should we remove his name from the address/salutation?

    First time one like this has come up, and any advice is greatly appreciated!

    Thank you, 



    ------------------------------
    Aimee Beavers
    Hartwick College
    gifts@hartwick.edu
    ------------------------------


  • 2.  RE: Gift from IRA - Person Deceased soon after sending. How should we acknowledgement this gift?

    Posted yesterday
    I would record the gift on the decedents record and add an alias name of "The Estate of John Doe" to which the receipt should be mailed. However, this should be done AFTER College has offered appropriate condolences to the family.

    John

    John Taylor Principal, John H. Taylor Consulting, LLC 919.816.5903 Big ideas; small keyboard



    Original Message


Related Content