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Cash Gift?

  • 1.  Cash Gift?

    Posted 24 days ago
    Hi All,

    We had a donor pay a third-party directly for repairs being done to a grandfather clock owned by the University. Is there anything other than receipts that we need to be able to book this as a cash gift? Seems straight forward but we've never processed a gift like this one before. Advice welcome!

    Thank you in advance!

    ------------------------------
    Rachel Ellis
    rellis2@POINTLOMA.EDU
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  • 2.  RE: Cash Gift?

    Posted 24 days ago
    It's not a cash donation as you did not receive cash.  It is an in-kind donation for which a receipt without any monetary value shows up.  If you want this to be a cash gift, use the receipts to reimburse the donor and they can write you a 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