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  • 1.  Recording and acknowledging a new endowed account

    Posted 06-02-2025 01:03 PM

    Hi all,

    We have just received a donation to create an endowed account on behalf of a deceased person in memory of another deceased person. The check came from the deceased donor's trustee. In whose name do we record this check, and to whom do we send the acknowledgment? 

    Many thanks!



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    Donna Stoetzner
    Indian Mountain School
    donna_stoetzner@indianmountain.org
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  • 2.  RE: Recording and acknowledging a new endowed account

    Posted 06-02-2025 02:07 PM
    As with most estate gifts, unless you believe there will be numerous payments over an extended period, record the gift on the record of the deceased. Create an "alias name" on that record for "Estate of [deceased name," and mail the receipt with that name in care of the trustee.

    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






  • 3.  RE: Recording and acknowledging a new endowed account

    Posted 06-02-2025 02:18 PM

    Thank you, as always, John!



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    Donna Stoetzner
    Indian Mountain School
    donna_stoetzner@indianmountain.org
    ------------------------------