A donor has requested that a series of gifts in the second half of 2020 and first half of 2021 be re-designated to pay for priority seating charges for athletics season tickets. We understand that making such a change means the gifts are no longer gifts... but, we have already receipted them as gifts. If we honor the request, what is to be done to address the past substantiation? Do we need to send a "corrected" acknowledgement letter, or is that for him to sort out with the IRS (assuming he itemized his deductions)? Also, are even in the position to honor the request if we wanted to? Thanks,
To keep it clean from an audit perspective, I'd refund the gifts, issue a 1099, and kindly put them in touch with the ticket purchasing folks. Here, such refunds must be approved by VP only. We are not allowed to make that decision in Advancement Services. My thoughts.
Aaron Forrest CPA
Senior Director Gift and Donor Services
University of Rochester Office of Advancement
Larry and Cindy Bloch Alumni and Advancement Center
300 East River Road
Rochester NY 14627
Office 585.275.2799 / Fax 585-273-4558
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