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Charitable Fund for a business

  • 1.  Charitable Fund for a business

    Posted 22 days ago

    I'm sure many of you will do a facepalm when I ask this question so offering an advanced warning not to do it too hard.

    We just received a check from 'Business Name Charitable Fund'. We have a record for 'Business Name' I was in a discussion about where the check should be applied. 

    I thought that we'd need to create a record for the 'Business Name Charitable Fund', assign 'Bus/Corp' constituency and connect it to the Business record. My colleague said we can just apply the check to the Business Record. 

    Which route should we be doing? I guess I was looking at it similar if a business had a foundation.

    Thanks for breaking this down for us.


    Lara Couture
    Director of Advancement Services
    Carroll University

  • 2.  RE: Charitable Fund for a business

    Posted 22 days ago
    Unless you have reason to believe this is a DAF (and you can always call them to find out), this is more likely just the name of the account within the business and not a separate legal entity.  But do call them to verify if there's any doubt.


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

    Serving the Advancement Community Since 1987