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  • 1.  Hard Credit?

    Posted 22 hours ago

    One of our alumni organizations had a fundraiser and received cash donations and submitted a check for the donations in the name of the org.  A list was provided with the name and addresses of those who gave the cash gifts and amounts for each.  Who gets the tax credit?



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    Susan Moening
    Virginia State University
    smoening@vsu.edu
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  • 2.  RE: Hard Credit?

    Posted 22 hours ago
    Is the alumni organization a separate legal entity? If so, they are the donor unless it was previously established that they would act as your agent.

    If they are a department within your University and a bonded University employee received the cash, then the individuals can be considered donors.

    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


  • 3.  RE: Hard Credit?

    Posted 18 hours ago
    I should have mentioned that in many public universities, the Alumni Association is set up as a 501(c)(3) Supporting Organization of the University. In these cases, a gift to the Alumni Association is essentially a gift to the University-as long as it meets IRS criteria. Therefore, the AA can accept donations from individuals and pass them on to the University for processing.

    However, as you mentioned, "one of our alumni organizations," I concluded that this might have been an unsanctioned activity carried out by a group of volunteers. If so, that could raise some legal gift acceptance issues often covered in a Third-Party Fundraising Policy.

    If you have more details about the organization and its activities, I and others can offer more insights.

    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


  • 4.  RE: Hard Credit?

    Posted 18 hours ago
    Thank you so much, John. This is very helpful.

    With MUCH Trojan Pride

    Susan S. Moening

    Director of Advancement Services

    Office of Institutional Advancement

    Virginia State University

    1 Hayden Drive ◊ Storum Hall

    P.O. Box 9027

    Virginia State University, VA 23806

    Office (804) 524-5657

    Email: smoening@vsu.edu

    www.VSU.edu




    Original Message


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