@John Taylor It was brought to my attention today that our student organizations have been directed to have their own bank accounts for fundraising - unaffiliated with Albion College, which is making my skin crawl. I came across this post, and thought I would drop this here to hear your thoughts. We are not currently reciepting them, but my argument is that we do not have a total picture of "fundraising" as an institution, and there is no governance on those funds. Looking forward to your thoughts!
------------------------------
Quinn Phillips
Albion College
qphillips@albion.edu------------------------------
Original Message:
Sent: 10-02-2023 06:02 PM
From: John Taylor
Subject: Receipting Donations
You will need to turn this over to Counsel and your CFO. The only way I am aware of to do this legally is for the University to designate the individual as your agent. But the fact they used a personal account could be problematic. I know of one institution where Counsel required the individual to reverse all of the transactions.
John
John H. Taylor
919.816.5903 (Cell/Text)
Big Ideas; Small Keyboard
Original Message:
Sent: 10/2/2023 6:13:00 PM
From: Stacy Robinson
Subject: Receipting Donations
Hi,
We have a parent who set up a Venmo account to help support a particular project. We were unaware of this until we found it on social media. Are we allowed to receipt donors who gave to this Venmo account if the owner of the account gives us the donations and a list of the donors who gave, along with the amount each gave? Thanks
------------------------------
Stacy Robinson
University of Northern Iowa Advancement
stacy.robinson@uni.edu
------------------------------