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Multiple names on a gift check.

  • 1.  Multiple names on a gift check.

    Posted 02-22-2021 11:30 AM
    Hello, I hope you are all well.
     
    How do you handle multiple names on a gift check. Who's name is used for the gift receipt? We use the name on top. 
    Are there any IRS rules or industry standards about issuing gift receipts in the name of two people? 
    Thank You all.
    Ghaith Saggaf  
    Director - Office of Advancement Operations & Services  
    Zaytuna College
    2401 Le Conte Ave, Berkeley, CA 94709 
    Cell 559-708-1994
    CONFIDENTIALITY NOTICE: This communication, including attachments, is for the exclusive use of the person or entity to which it is addressed and may contain confidential, proprietary and/or privileged information. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this by mistake, please contact the sender immediately.


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    Ghaith Saggaf
    Director, Advancement Operations and Services
    Zaytuna College
    gsaggaf@zaytuna.edu
    ------------------------------


  • 2.  RE: Multiple names on a gift check.

    Posted 02-22-2021 11:34 AM
    Whoever signed the check.

    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: Multiple names on a gift check.

    Posted 07-12-2022 01:12 PM
    Hello John,
    This is an old thread, but I would like to make it clear if this this also applies to a check that has a family foundation listed in the first line, and then an individual name on the second line (no title such as TTEE or Trustee, etc.), followed by the address? In my case, the individual name on the second line also signed the check.  Does this let a family foundation skirt the bifurcation issue on purchasing a gala ticket? (the person who signed the check also sent in a personal check for the non-tax deductible portion). 
    thanks,
    Robert Laity

    ------------------------------
    Robert Laity
    Stewardship and Development Services Manager
    Bard College Office of Development and Alumni/ae Affairs
    laity@bard.edu
    ------------------------------



  • 4.  RE: Multiple names on a gift check.

    Posted 07-12-2022 01:40 PM
    The description provided sounds exactly like a bifurcation.  The Foundation appears to be the legal donor in this case.  As such, no tangible benefits can be offered to them.  Nor can an individual pay for the non-deductible portion.

    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