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  • 1.  Private Trust Companies

    Posted 04-18-2025 08:14 AM

    Hey all,

     

    We received a donation from one of our donors and the check is from a Private Trust Company. Would the donation go on the individuals record and he receive tax credit or should he be soft credited for the gift?

     

    Thank you!

    Tammy

     

    Your participation matters; make your gift during the West Point Challenge!

     

    Tammy M. Cline

    Assistant Director, Gift Policy, Processing & Reporting

    West Point Association of Graduates

    698 Mills Road West Point, NY 10996

    Phone: 845.446.1540

    Fax: 845.377.3039

    WestPointAOG.org

     

    Serving West Point and the Long Gray Line

     

    CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender’s written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

     



  • 2.  RE: Private Trust Companies

    Posted 04-18-2025 08:35 AM
    If it is a legally separate (own tax ID) company, the gift goes on that record with soft-credit to the individual. The receipt should reflect the name of the company. The donor can work out the filing details.

    FWIW, while I have a separate LLC, I file a single tax return (1040) with a separate form within for the LLC. However, my CPA insists that I track my charitable donations distinctly when made by my LLC. It's more of an ease of booking thing.

    John

    John H. Taylor
    919.816.5903 (Cell/Text)

    Big Ideas - Small Keyboard



    Original Message


  • 3.  RE: Private Trust Companies

    Posted 04-18-2025 08:37 AM

    This is super helpful, thank you!!!

     

    Your participation matters; make your gift during the West Point Challenge!

     

    Tammy M. Cline

    Assistant Director, Gift Policy, Processing & Reporting

    West Point Association of Graduates

    698 Mills Road West Point, NY 10996

    Phone: 845.446.1540

    Fax: 845.377.3039

    WestPointAOG.org

     

    Serving West Point and the Long Gray Line

     

    CONFIDENTIALITY NOTICE: The information contained in this email message and any attachments is confidential and the property of West Point Association of Graduates (WPAOG). This message is intended for viewing and use by the original recipients only. Any dissemination, distribution, or copying of this communication and/or its attachments is prohibited without the sender’s written permission. WPAOG does not accept liability for changes to this message after it was sent or privacy violations caused by forwarding to additional parties. If you have received this communication in error, please notify the sender and delete this email from your computer. For additional information please refer to the privacy statement available at WestPointAOG.org.

     




    Original Message


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