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Gift Credit amount for a memorial garden return

  • 1.  Gift Credit amount for a memorial garden return

    Posted 10 days ago
    Hi there,
    We have a memorial garden where we allow people to purchase a niche where they will be inurned. They have to pay 100% of the fee upfront in order to reserve the spot.  Our policy is if they change their mind after reserving their spot, they can get 80% refund  of their fee; we keep 20% for admin fees.

    If the individual doesn't want a refund, but wants to turn around and donate the funds to us, can we record an outright gift of 100% of the money paid?  Or is there some reason why we could only count the same 80%, because 20% went to fees?

    Gwen

    ------------------------------
    Gwen Donev
    Director of Advancement Services
    Gustavus Adolphus College
    gwendonev@GUSTAVUS.EDU
    ------------------------------


  • 2.  RE: Gift Credit amount for a memorial garden return

    Posted 10 days ago
    Don't you still have the same administrative fees?  In fact, the right way to look at this is that you are issuing a refund and they are giving it back.  Unless you give them 100% back they cannot donate 100%!

    I'd say it is still an 80% donation.  But that's just one opinion!

    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






  • 3.  RE: Gift Credit amount for a memorial garden return

    Posted 9 days ago

    Seems to me that, if you were to refine your policy to waive the fee in the case of a conversion to a contribution, the entire amount could then be a gift.

     

    My US$0.02 worth; the usual disclaimers apply.

     

    Good luck!

     

    Alan

     

    Alan S. Hejnal   

    Data Quality Manager

     

    SNAGHTML5cbfa34

     

    Smithsonian Institution - Office of Advancement

    600 Maryland Ave SW Ste 600E

    PO Box 37012, MRC 527

    Washington, DC 20013-7012

    Voice: 202-633-8754 | Email: HejnalA@si.edu                                                                                                                                            

     






  • 4.  RE: Gift Credit amount for a memorial garden return

    Posted 9 days ago
    Ha, I was of two minds on this one, so it's great to hear both perspectives expressed!  Thanks!

    I think the take-away is there's not a hard rule or legal regulation, so we'll weigh our options and decide which direction to go.

    Thanks again and have a great weekend,
    Gwen






  • 5.  RE: Gift Credit amount for a memorial garden return

    Posted 7 days ago
    Alan's suggestion is a tidy, clear policy that works in favor of the org and the donor. Love it!

    Thank you,
    Isaac Shalev
    Data Strategy Expert
    Sage70, Inc.
    (917) 859-0151
    isaac@sage70.com

    Schedule a 30-minute consultation now: