FundSvcs Community

 View Only

  • 1.  VSE survey regarding Donor-Advised Fund reporting

    Posted 09-21-2023 03:42 PM
    Hi all,

    I'm trying to wrap my head around the DAF reporting instructions in Section 3 of the VSE survey: 

      E. Donor-Advised Funds: This column is for reporting gifts hard-credited to DonorAdvised Funds (DAFs). Do not credit the individual for such gifts, and do not include them in foundations or companies, regardless of where the assets are managed.   

    My understanding has been that we shouldn't be giving hard credit to the donor-advised fund itself, but rather to the institution (Fidelity, etc) the fund is managed at who cut the check.  In fact, that it is unnecessary for us even to create a record for the DAF itself (ie assign soft credit to the donor/grantors, hard credit to the institution that cut the check, no credit to the DAF itself).  

    I was looking back through the list-serve conversations because I recall reading this, but couldn't find it.

    Have we misunderstood how we should be hard-crediting grants from DAFs?

    --
     Gwen Donev




  • 2.  RE: VSE survey regarding Donor-Advised Fund reporting

    Posted 09-21-2023 03:52 PM
    You are doing the right thing. The Fidelity Charitable Gift Fund is THE DAF. The "John Taylor Fund" is not a DAF - only an account within the DAF.

    John

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard



    Original Message


  • 3.  RE: VSE survey regarding Donor-Advised Fund reporting

    Posted 09-21-2023 03:55 PM
    Ah, okay, thanks for that clarification!
    Gwen




    Original Message


Related Content