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  • 1.  Donating Partnership Interest

    Posted 07-10-2024 09:06 AM
    Good Morning,
    I was wondering if anyone has dealt with a donation of a % stake in a partnership. There is a peer institute asking us about it and it got me intrigued to see if others have ever accepted a gift like this. Thanks


    Stacy Robinson '02, '11

    Assistant Vice President for Advancement Services

    University Advancement
    319-273-7252  /  Cell Phone 319-464-0708
    121 Commons /  Cedar Falls, IA 50614
    uni.edu  /  #1UNI



  • 2.  RE: Donating Partnership Interest

    Posted 07-10-2024 09:16 AM
    I have been involved in quite a few.

    These require a review by the Gift Acceptance Committee. Someone on the finance side of the house must research the partnership's holdings and liabilities. Often, these partnerships own pieces of other businesses that need to be researched to ensure those holdings do not conflict with the institution's ethical and morality guidelines.

    Valuing the gift is relatively easy. Appraisals are often conducted - or the most recent annual report of the partnership with copies of their certified financials.

    There's lots more to it than what I have described, but it is certainly doable. Depending on the extent of the partnership and its holdings, the review and gift acceptance process can take several months.

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


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