FundSvcs Community

Our local bank holds a CRAT from a donor that was booked as a planned gift in RE in 2021. It is an education trust for grandchildren. The grandchildren have 5 years after high school graduation to use for education purposes. The last grandchild graduated in 2022 so the remaining amount will come to our university after the 5-year period ends. So we will receive the funds in early 2028.

Apparently our office has been changing the amount of the planned gift each year on June 30 to reflect the currant value of the trust, 

I am thinking it should have stayed as it was booked in 2021 and then if the amount is larger in 2028, we could then book the additional amount in our fundraising totals that year. Is this correct? 

Our local bank holds a CRAT from a donor that was booked as a planned gift in RE in 2021. It is an education trust for grandchildren. The grandchildren have 5 years after high school graduation to use for education purposes. The last grandchild graduated in 2022 so the remaining amount will come to our university after the 5-year period ends. So we will receive the funds in early 2028.

Apparently our office has been changing the amount of the planned gift each year on June 30 to reflect the currant value of the trust, 

I am thinking it should have stayed as it was booked in 2021 and then if the amount is larger in 2028, we could then book the additional amount in our fundraising totals that year. Is this correct? 

Thank you, John. So, we would not be allowed to record an additional amount in 2028 for the value received over the original planned gift?

Thanks!

Our local bank holds a CRAT from a donor that was booked as a planned gift in RE in 2021. It is an education trust for grandchildren. The grandchildren have 5 years after high school graduation to use for education purposes. The last grandchild graduated in 2022 so the remaining amount will come to our university after the 5-year period ends. So we will receive the funds in early 2028.

Apparently our office has been changing the amount of the planned gift each year on June 30 to reflect the currant value of the trust, 

I am thinking it should have stayed as it was booked in 2021 and then if the amount is larger in 2028, we could then book the additional amount in our fundraising totals that year. Is this correct? 

Thank you, John. So, we would not be allowed to record an additional amount in 2028 for the value received over the original planned gift?

Thanks!

Our local bank holds a CRAT from a donor that was booked as a planned gift in RE in 2021. It is an education trust for grandchildren. The grandchildren have 5 years after high school graduation to use for education purposes. The last grandchild graduated in 2022 so the remaining amount will come to our university after the 5-year period ends. So we will receive the funds in early 2028.

Apparently our office has been changing the amount of the planned gift each year on June 30 to reflect the currant value of the trust, 

I am thinking it should have stayed as it was booked in 2021 and then if the amount is larger in 2028, we could then book the additional amount in our fundraising totals that year. Is this correct? 

A correction:

CASE now permits counting an increase in the realized bequest only when the realization occurs within five years of the original gift, whether you are in a campaign is no longer a requirement:

John H. Taylor, Principal

John H. Taylor Consulting, LLC

2604 Sevier Street

Durham, NC     27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987

Thank you, John. So, we would not be allowed to record an additional amount in 2028 for the value received over the original planned gift?

Thanks!

Our local bank holds a CRAT from a donor that was booked as a planned gift in RE in 2021. It is an education trust for grandchildren. The grandchildren have 5 years after high school graduation to use for education purposes. The last grandchild graduated in 2022 so the remaining amount will come to our university after the 5-year period ends. So we will receive the funds in early 2028.

Apparently our office has been changing the amount of the planned gift each year on June 30 to reflect the currant value of the trust, 

I am thinking it should have stayed as it was booked in 2021 and then if the amount is larger in 2028, we could then book the additional amount in our fundraising totals that year. Is this correct? 

BTW, there are two references to excluding investment gains in the CASE Standards. The first is on page 26 as part of the exclusions table:

The second is on page 31 in the discussion on marketable securities:

John H. Taylor, Principal

John H. Taylor Consulting, LLC

2604 Sevier Street

Durham, NC     27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987

A correction:

CASE now permits counting an increase in the realized bequest only when the realization occurs within five years of the original gift, whether you are in a campaign is no longer a requirement:

John H. Taylor, Principal

John H. Taylor Consulting, LLC

2604 Sevier Street

Durham, NC     27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987

Thank you, John. So, we would not be allowed to record an additional amount in 2028 for the value received over the original planned gift?

Thanks!

Our local bank holds a CRAT from a donor that was booked as a planned gift in RE in 2021. It is an education trust for grandchildren. The grandchildren have 5 years after high school graduation to use for education purposes. The last grandchild graduated in 2022 so the remaining amount will come to our university after the 5-year period ends. So we will receive the funds in early 2028.

Apparently our office has been changing the amount of the planned gift each year on June 30 to reflect the currant value of the trust, 

I am thinking it should have stayed as it was booked in 2021 and then if the amount is larger in 2028, we could then book the additional amount in our fundraising totals that year. Is this correct?