FundSvcs Community

Good morning,

Are there different rules around 'refunding' a gift made via a donor advised fund? We received a gift from Schwab that the donor requested to be directed to a fund for a project being run by a staff member who is no longer at the university (all on good terms). The donor would like to have the money sent back to Schwab so that the money can be sent to the staff members new employment to support the project. Do we need anything other than the request from the person? Do we need to go back to Schwab?

Also, is there a cheat sheet or somewhere to learn about rules for DAF's from our side of things? I know we need a letter from the DAF holder (Fidelity, Schwab, etc.) to move a gift, but what other rules surround these types of accounts?

Thank you!

Amanda              

Amanda L. Haney

Director of Gift & Data Management

Gift & Data Management

University Advancement I Elliott Alumni Center I 9 Edgewood Rd I Durham, NH 03824

Office: 603-862-2041 I amanda.haney@unh.edu

CONFIDENTIALITY NOTICE:  If you have received this email in error, please immediately notify the sender by e-mail at the address shown.  This e-mail transmission may contain confidential information.  This information is intended only for the use of the individual(s) or entity to whom it is intended even if addressed incorrectly.  Please delete it from your files if you are not the intended recipient.  Thank you for your compliance.

Good morning,

Are there different rules around 'refunding' a gift made via a donor advised fund? We received a gift from Schwab that the donor requested to be directed to a fund for a project being run by a staff member who is no longer at the university (all on good terms). The donor would like to have the money sent back to Schwab so that the money can be sent to the staff members new employment to support the project. Do we need anything other than the request from the person? Do we need to go back to Schwab?

Also, is there a cheat sheet or somewhere to learn about rules for DAF's from our side of things? I know we need a letter from the DAF holder (Fidelity, Schwab, etc.) to move a gift, but what other rules surround these types of accounts?

Thank you!

Amanda              

Amanda L. Haney

Director of Gift & Data Management

Gift & Data Management

University Advancement I Elliott Alumni Center I 9 Edgewood Rd I Durham, NH 03824

Office: 603-862-2041 I amanda.haney@unh.edu

CONFIDENTIALITY NOTICE:  If you have received this email in error, please immediately notify the sender by e-mail at the address shown.  This e-mail transmission may contain confidential information.  This information is intended only for the use of the individual(s) or entity to whom it is intended even if addressed incorrectly.  Please delete it from your files if you are not the intended recipient.  Thank you for your compliance.

Good morning,

Are there different rules around 'refunding' a gift made via a donor advised fund? We received a gift from Schwab that the donor requested to be directed to a fund for a project being run by a staff member who is no longer at the university (all on good terms). The donor would like to have the money sent back to Schwab so that the money can be sent to the staff members new employment to support the project. Do we need anything other than the request from the person? Do we need to go back to Schwab?

Also, is there a cheat sheet or somewhere to learn about rules for DAF's from our side of things? I know we need a letter from the DAF holder (Fidelity, Schwab, etc.) to move a gift, but what other rules surround these types of accounts?

Thank you!

Amanda              

Amanda L. Haney

Director of Gift & Data Management

Gift & Data Management

University Advancement I Elliott Alumni Center I 9 Edgewood Rd I Durham, NH 03824

Office: 603-862-2041 I amanda.haney@unh.edu

CONFIDENTIALITY NOTICE:  If you have received this email in error, please immediately notify the sender by e-mail at the address shown.  This e-mail transmission may contain confidential information.  This information is intended only for the use of the individual(s) or entity to whom it is intended even if addressed incorrectly.  Please delete it from your files if you are not the intended recipient.  Thank you for your compliance.