John,
The requirement to buy is what threw me off too. That said, I suppose a more traditional bargain sale (e.g. "we'll sell it to you for $100 even though the normal education discount is $1,000") also requires buying in order to realize the "gift". Either way, I'll check in with the donor to see how they're thinking about it. Thanks as always.
Sean
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Sean Shappell
Asst. Vice President, Information Services
Lehigh University
ses211@lehigh.edu------------------------------
Original Message:
Sent: 02-28-2023 03:12 PM
From: John H. Taylor
Subject: Bargain Sale? GIK? Something Else? Not a Gift?
Maybe.
I do not like the phrase, "we will give if you buy." That doesn't sound very voluntary.
But, still, an argument can be made to record a donation in your CRM. However, I'd ask the company precisely how they are treating this. There can be a difference on their books between an outright equipment donation and a bargain sale.
Could you ask the company to state exactly what they are calling this on their invoice - and then treat it the same way in your CRM?
John
John H. Taylor
Principal
John H. Taylor Consulting, LLC
2604 Sevier St.
Durham, NC 27705
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
Original Message:
Sent: 2/28/2023 4:08:00 PM
From: Sean Shappell
Subject: Bargain Sale? GIK? Something Else? Not a Gift?
All,
We are building out an electronics lab, and a company is willing to give us 5 free pieces equipment (as a "gift") if we purchase 5 pieces of the same equipment. This is on top of their normal educational discount. They have given us significant outright equipment GIKs in the past, but this is the first time they're tying their "gift" to a purchase. My gut reaction is that this is really a bargain sale where we're essentially getting 10 pieces of equipment at 50% off. Am I thinking about this correctly?
Thanks.
Sean
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Sean Shappell
Asst. Vice President, Information Services
Lehigh University
ses211@lehigh.edu
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