FundSvcs Community

Just got this message from a development staff:

We are going to be getting regular ACH payments for the royalties from the book written by Paul G called ___ from the Geological Society of America.   The funds should go into the (established Paul G named)Scholarship.  The following is the name, address, and contact for them. The first ACH payment should arrive in the next week or two. This is not a donation from the Geological Society of America – it is a gift from Paul G since he assigned the royalties to this scholarship. 

We have already received a check earlier this month from the publisher which due to lack of other documentation was entered as a donation from the publisher with notation that it was royalties.

Are gifts from Paul G? Or should he only be soft-credited? I have not dealt with assigned royalties previously.

Thanks in advance.

Just got this message from a development staff:

We are going to be getting regular ACH payments for the royalties from the book written by Paul G called ___ from the Geological Society of America.   The funds should go into the (established Paul G named)Scholarship.  The following is the name, address, and contact for them. The first ACH payment should arrive in the next week or two. This is not a donation from the Geological Society of America – it is a gift from Paul G since he assigned the royalties to this scholarship. 

We have already received a check earlier this month from the publisher which due to lack of other documentation was entered as a donation from the publisher with notation that it was royalties.

Are gifts from Paul G? Or should he only be soft-credited? I have not dealt with assigned royalties previously.

Thanks in advance.

So shared your response, John, and was told that Paul is deceased. 

Do we check with publisher to see if they are sending a 1099 to his estate? Are 1099s sent to estates? 

Just got this message from a development staff:

We are going to be getting regular ACH payments for the royalties from the book written by Paul G called ___ from the Geological Society of America.   The funds should go into the (established Paul G named)Scholarship.  The following is the name, address, and contact for them. The first ACH payment should arrive in the next week or two. This is not a donation from the Geological Society of America – it is a gift from Paul G since he assigned the royalties to this scholarship. 

We have already received a check earlier this month from the publisher which due to lack of other documentation was entered as a donation from the publisher with notation that it was royalties.

Are gifts from Paul G? Or should he only be soft-credited? I have not dealt with assigned royalties previously.

Thanks in advance.