FundSvcs Community

Hello,

We have a donor whose company funds a DAF at Fidelity (he is the company owner). If we receive a grant from the company's DAF, would soft credit go to the company, since they are the entity that funds the DAF, or could soft credit go to the donor who owns the company, since presumably he is the person who decides how much his company contributes to the DAF and the recipients of grants? I should also mention that a limitation of our current CRM is that we can only allocate soft credit to one record at 100%. If you could share what your institution does or if there is an IRS rule that needs to be followed in cases like this, I would appreciate it.

Hello,

We have a donor whose company funds a DAF at Fidelity (he is the company owner). If we receive a grant from the company's DAF, would soft credit go to the company, since they are the entity that funds the DAF, or could soft credit go to the donor who owns the company, since presumably he is the person who decides how much his company contributes to the DAF and the recipients of grants? I should also mention that a limitation of our current CRM is that we can only allocate soft credit to one record at 100%. If you could share what your institution does or if there is an IRS rule that needs to be followed in cases like this, I would appreciate it.