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  • 1.  Individual Pledges w/ Payments Fulfilled by Crowdfunding/Peer-to-Peer Gifts

    Posted 11-17-2023 01:21 PM

    Hi all,

    Has anyone come across a situation where a donor has agreed to a pledge, signed a gift agreement, and then tried to fulfill it via payments or gifts being made by other donors than themselves? We would like to create a policy around this for gift acceptance and were wondering if someone has already gone down this path and has something we can piggyback on. 

    Thank you!



    ------------------------------
    Emily Glesias
    Foundation Operations Manager
    Novant Health Foundation
    emglesias@novanthealth.org
    ------------------------------


  • 2.  RE: Individual Pledges w/ Payments Fulfilled by Crowdfunding/Peer-to-Peer Gifts

    Posted 11-17-2023 02:03 PM
    Check the archives for the paper by John Taylor on "Who Can Make a Pledge, and Who Can Pay it Off?"


    Matt Bain

    Executive Director, Advancement Services

    Division of University Advancement

    Kennesaw State University

    470-578-7719





    Original Message


  • 3.  RE: Individual Pledges w/ Payments Fulfilled by Crowdfunding/Peer-to-Peer Gifts

    Posted 11-17-2023 02:05 PM
    This is more appropriate, in my opinion, to handle at the gift agreement level. The pledge should define that it's a personal obligation to give, not to give or get. 



    Isaac Shalev
    Data Strategy Expert
    (917) 859-0151
    isaac@sage70.com

    Autocorrect was used in composting this email, please excuse any typos



    Original Message


  • 4.  RE: Individual Pledges w/ Payments Fulfilled by Crowdfunding/Peer-to-Peer Gifts

    Posted 11-17-2023 02:11 PM
    I have drafted pledge agreements that can be used to make it clear who is committing to and paying what.

    Gift Officers must have detailed conversations with donors regarding what they can and cannot commit to. I have attached a template that might be useful in navigating those discussions.

    I have also attached the paper I wrote referenced earlier.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987





    Attachment(s)

    pdf
    2023 Expanded Pledge Template.pdf   190 KB 1 version
    pdf
    2022 Who Can Make a Pledge.pdf   161 KB 1 version
    Original Message


  • 5.  RE: Individual Pledges w/ Payments Fulfilled by Crowdfunding/Peer-to-Peer Gifts

    Posted 11-20-2023 08:42 AM

    All good points.

     

    I would only add, on a few occasions, I have been engaged with pledge agreements that specify that payments will come from a group of individuals, typically members of a family or business associates/partners.  One person stood surety that they would make up any balance of the pledge that was not otherwise met, allowing us to record the pledge, but the pledge language indicated that any gift from any of the identified parties for the specified purpose in the specified time frame would count toward the pledge (excluding entities not permitted to make payments toward such a pledge, like DAFs and private foundations, of course).

     

    It all seemed to work quite well, and was blessed by Finance.

     

    My US$0.02 worth; the usual disclaimers apply.

     

    Good luck!

    Alan

     

    Alan S. Hejnal (he/him)

    Data Quality Manager

     

    SNAGHTML5cbfa34

     

     




    Original Message


  • 6.  RE: Individual Pledges w/ Payments Fulfilled by Crowdfunding/Peer-to-Peer Gifts

    Posted 11-20-2023 11:02 AM
    Great point, Alan. So long as the pledge is fully guaranteed by the pledging donor, it can be recorded as a promise to give. There might be some gymnastics on the back-end when a contribution is made by someone else, so that the giver gets hard credit, the payment fulfills the pledge, and the pledging donor gets soft credit. But yes, that solution is compliant with the various rules for accounting, CASE, etc. 


    Thank you,
    Isaac Shalev
    Data Strategy Expert
    Sage70, Inc.
    (917) 859-0151
    isaac@sage70.com

    Schedule a 30-minute consultation now:





    Original Message


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