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Question about someone donating an honorarium

  • 1.  Question about someone donating an honorarium

    Posted 27 days ago

    Hello, all –

     

    I have a bit of a random question.  Let's say someone agrees to speak at the institution for a set price (e.g. an honorarium), and emails the institution after the speaking engagement with a request to route the honorarium to a gift account. 

     

    If those funds are internally transferred within the institution (e.g. it's NOT a case of sending the check to the speaker, and the speaker sending a gift for the same amount back to the institution), is that sufficient documentation to book the transfer as a gift and issue a receipt to the speaker? 

     

    Thanks all,

     

    Michael Halverson, Ed.D.
    Senior Director of Advancement Services
    Loyola University Chicago
    T.
    312-915-7283 | C. 320-363-4987
    mhalverson@luc.edu | www.luc.edu/advancement

     

    150_email_150_31

     



  • 2.  RE: Question about someone donating an honorarium

    Posted 27 days ago
    Only if you still treat - on paper - the money as income to the speaker.  Which further requires a 1099 if $600+.

    John

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard