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  • 1.  Gift Agreement language

    Posted 10-24-2022 09:16 AM
    Curious what others do when you receive a gift agreement that states to be paid in 2022 and you are asked to book a pledge. Do you book a pledge with a due date of 12/31/2022? Do you not book a pledge because the language is vague? What is your practice? Trying to settle a debate.

    Thanks.

    Trish

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    Trish Idarola
    University of New Mexico Foundation
    trish.idarola@unmfund.org
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  • 2.  RE: Gift Agreement language

    Posted 10-24-2022 09:20 AM
    I ask the donor about their intention and record a payment schedule based on that input.

    It's not generally appropriate to guess about a donor's intention.  Your gift officers should be getting specifics.

    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


  • 3.  RE: Gift Agreement language

    Posted 10-24-2022 09:54 AM
    PS - Not booking any pledge isn't an option.  Even if you do not wish to contact the donor, knowing 2022 is sufficient.  And, since 12/31/2022 is the end of the year, you could use that date.  However, at many institutions, they leave a "due date" off and record the pledge as of "today."

    Without a donor's input, the date I would have a debate over is 2023.  That could mean either the end of the fiscal year (6/30/2023) or the calendar year (12/31/2023).

    Anyway, ask the DO to get more specificity from the donor!

    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


    On Mon, Oct 24, 2022 at 10:19 AM John Taylor <johntaylorconsulting@gmail.com> wrote:
    I ask the donor about their intention and record a payment schedule based on that input.

    It's not generally appropriate to guess about a donor's intention.  Your gift officers should be getting specifics.

    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


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