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  • 1.  Royalties as donation?

    Posted 13 days ago

    Hello, 

    I've read through the discussions on royalties and 1099's but want to get input from others on this specific contract we have been provided. Is this a gift? If so, who is the donor? Do any questions need to be asked of the publisher or author (a faculty of our university)



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    Jayme Fancher
    San Diego State University
    jfancher@sdsu.edu
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  • 2.  RE: Royalties as donation?

    Posted 13 days ago
    Sure, it's a gift (unless it is a mandated court settlement). The only problem is that you can't really book a pledge. None has been made - only a steady stream (you hope) of payments. Therefore, you will simply record an outright gift as the cash comes in.

    You will need to ask the publisher about the donor status. Ideally, the author is receiving a 1099 for the income generated while you receive the funds.

    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




    Original Message


  • 3.  RE: Royalties as donation?

    Posted 12 days ago
    Yes, when the money comes in, this is a gift, from the author, not the publisher. You do not need to confirm anything further, you have evidence of an agency relationship, and can receipt the author.  This redirection of royalties is standard practice in the publishing space. 


    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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