FundSvcs Community

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Ahh that is very interesting. In fact I do know this particular individual will be directing more gifts out of this fund, at least to us, in the mean time. Have you got a recommendation for handling this situation?  Our Planned Giving Officer is making it a priority to get more of our donors who direct gifts from DAFs to designate our foundation as a successor on those funds too. Mind blowing! haha  Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Ahh that is very interesting. In fact I do know this particular individual will be directing more gifts out of this fund, at least to us, in the mean time. Have you got a recommendation for handling this situation?  Our Planned Giving Officer is making it a priority to get more of our donors who direct gifts from DAFs to designate our foundation as a successor on those funds too. Mind blowing! haha  Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Ahh that is very interesting. In fact I do know this particular individual will be directing more gifts out of this fund, at least to us, in the mean time. Have you got a recommendation for handling this situation?  Our Planned Giving Officer is making it a priority to get more of our donors who direct gifts from DAFs to designate our foundation as a successor on those funds too. Mind blowing! haha  Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Ahh that is very interesting. In fact I do know this particular individual will be directing more gifts out of this fund, at least to us, in the mean time. Have you got a recommendation for handling this situation?  Our Planned Giving Officer is making it a priority to get more of our donors who direct gifts from DAFs to designate our foundation as a successor on those funds too. Mind blowing! haha  Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Thank you John. We have used the proposal/opportunity avenue to give officer credit when a pledge could not be booked. I appreciate your responses and input today! 

Ahh that is very interesting. In fact I do know this particular individual will be directing more gifts out of this fund, at least to us, in the mean time. Have you got a recommendation for handling this situation?  Our Planned Giving Officer is making it a priority to get more of our donors who direct gifts from DAFs to designate our foundation as a successor on those funds too. Mind blowing! haha  Thank you!

We know how much is in the fund, I think we can calculate within reason how long the donor is expected to live (he is not deceased and is 62 y/o)  and that they are dividing the asset in half between us and one other foundation. 

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!

Interesting. Would you elaborate?  I'm being asked to "book" an expected dollar amount for our campaign totals. Thanks!

Hello.  We recently received a Successor Election document naming our Foundation as one of two charitable organizations to succeed the individual and receive the remaining assets of a donor advised fund upon his passing.  Is this a bookable planned gift and if so, on which record should it booked to? The individual or the donor advised fund soft crediting the individual?  I am accustomed to booking planned gift bequests and such directly to the individual donor. In this case, it looks like the assets would be coming directly from the donor advised fund. Could use input and advice from your experiences. Thank you!