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  • 1.  Board Seat as QPQ

    Posted 06-02-2023 02:11 PM

    Has anyone ever promised/guaranteed a board seat for a donor (or their nominee) in perpetuity (with power passed to future generations) as a condition of their commitment? How did this affect the deductibility of the gift? Was a fmv for the board seat calculated for receipt purposes? If so, how?

    Thanks.

    Kathleen



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    Kathleen Gaines
    The Compass Group, Inc.
    kgaines@compassgroup.com
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  • 2.  RE: Board Seat as QPQ

    Posted 06-02-2023 02:38 PM
    Unless other Board members have to "pay to play" - then being given a seat is not a tangible benefit. However, doing this violates ethical considerations and guidelines as outlined in the newest CASE Standards. They specifically discuss circumstances where donations provide donors with undo influence - which this clearly would create.

    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


  • 3.  RE: Board Seat as QPQ

    Posted 06-02-2023 02:53 PM

    Thanks John.



    ------------------------------
    Kathleen Gaines
    The Compass Group, Inc.
    kgaines@compassgroup.com
    ------------------------------

    Original Message


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