FundSvcs Community

 View Only

  • 1.  Names as DAF successor. Recommendations how to book

    Posted 10-19-2023 10:48 AM

    Hello AASP community, 

    A donor who has stabled a  (family) DAF through fidelity has sent us a screenshot that they made us the 100% successor of the account. We do not know how much is in the account. They are major donors from both their personal donations and through that same DAF to our organization. What are the best practices for booking this gift?  A revocable planned gift with a $1 value? Or just as an opportunity, for tracking purposes. Should we ask them for the approximate value and use the NPV for booking the gift? We use RENXT. Any guidance would be appreciated. 

    Thank you!



    ------------------------------
    Ghaith Saggaf
    Zaytuna College
    gsaggaf@zaytuna.edu
    ------------------------------


  • 2.  RE: Names as DAF successor. Recommendations how to book

    Posted 10-19-2023 10:52 AM
    There isn't anything to "book" unless the DAF stipulates in writing an amount they guarantee. So, I think your idea is best. These are even more "revocable" than a will, as the donor's will may supercede these instructions!

    I'd note the anticipation however your system allows. Some CRMs have an "In Will" indicator used when no known amount is available (like an opportunity). But $1 works, too.

    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: Names as DAF successor. Recommendations how to book

    Posted 10-19-2023 11:04 AM
    Thank you very much John!


    - 
    Thank You 
    Ghaith Saggaf 
    Director - Institutional Advancement - Operations & Services 
    2401 Le Conte Ave, Berkeley, CA 94709





    Original Message


Related Content