FundSvcs Community

 View Only

  • 1.  Family Foundation Receipt vs. Acknowledgment

    Posted 06-01-2023 02:14 PM

    I am trying to find something in writing to share with our team regarding receipting vs. acknowledging family foundations.  Can we receipt a family foundation or just send an acknowledgment?

     

    Thank you.

     

    Dina

     

    Dina Sorrentino, bCRE-Pro image001.png@01D496D4.8F606780, bcRE-NXT image001.png@01D496D4.8F606780
    Sr. Director for Advancement Services and Research
    Office: 941-359-7593 | Cell: 941-266-1227
    dsorrent@ringling.edu | www.ringling.edu

    f_jqs6a2pd1
    Turning passion into profession

    This transmission may contain information that is privileged, confidential and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you.

     



  • 2.  RE: Family Foundation Receipt vs. Acknowledgment

    Posted 06-01-2023 02:16 PM
    Yes :-).

    A private foundation does not need a "receipt" for tax purposes as they cannot claim a deduction. However, sending them a thank you is certainly appropriate. That could be in either the form of a receipt (if it's a warm and fuzzy one) or an acknowledgment.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


Related Content