FundSvcs Community

 View Only
Expand all | Collapse all

Bequests - age restriction

  • 1.  Bequests - age restriction

    Posted 04-09-2021 09:09 AM

    Good morning,


    Knowing that we do not book bequest expectancy for donor's under the age of 60, are there any rules surrounding booking a bequest when one spouse is 60 but the other is only 58?  Neither constituent is an alum, but we do have the 58 year old tagged as the prospect, and the 60 year old as the spouse of prospect.  The 60 year old is the one signing off on the bequest paperwork as well.


    Thank you!



    Amanda L. Haney

    Director of Gift & Data Management

    Gift & Data Management



    University Advancement I New England Center I 15 Strafford Ave I Durham, NH 03824

    Office: 603-862-2041 I


    CONFIDENTIALITY NOTICE:  If you have received this email in error, please immediately notify the sender by e-mail at the address shown.  This e-mail transmission may contain confidential information.  This information is intended only for the use of the individual(s) or entity to whom it is intended even if addressed incorrectly.  Please delete it from your files if you are not the intended recipient.  Thank you for your compliance.


  • 2.  RE: Bequests - age restriction

    Posted 04-09-2021 09:17 AM
    Are you referring to a second to die policy?  Generally speaking, in these cases you go with the age of the youngest individual to determine whether to count the bequest.  So, just wait a couple of years!


    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard

  • 3.  RE: Bequests - age restriction

    Posted 29 days ago
    Hi John,
    As far as waiting a few or more years to book a bequest expectancy until we are allowed to count it...we were discussing best practice on ensuring the gift gets booked when the time does come. Would it be a bad practice to future date a bequest expectancy gift for the date the donor turns 65? For now we recorded a future dated action but with potential employee turnover there is concern it will not get booked. Do you have any recommendation on how to ensure the gift gets booked? 

    Natalie Graff
    Executive Director of Advancement Services
    Cal Poly Pomona

  • 4.  RE: Bequests - age restriction

    Posted 29 days ago
    I am not keen on holding off counting gifts in a future campaign the donor knows nothing about.  Ideally, a campaign should be about finding new money - not counting "old."

    Instead, as sort of a compromise, I encourage recording a planned gift proposal in the prospect management tab/area with a future staff validation date.  When that date comes, the gift officer should contact the donor to confirm the expectancy.  Ideally, the gift officer would obtain a written confirmation as well as declaration that the bequest will be for one of the current campaign priorities.

    Would this work?


    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard