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Dynasty Fund

  • 1.  Dynasty Fund

    Posted 19 days ago
    We have been informed that we are the beneficiaries of a dynasty trust with a market value of $227,000 and will receive an annual distribution of $13,000-$15,000. How would one book this?

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    Joe Perz
    Assistant VP Development Services
    Stevens Institute of Technology
    jperz@stevens.edu
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  • 2.  RE: Dynasty Fund

    Posted 19 days ago
    Just the market value of the trust,  Ignore the annual distributions.  Your Business Office should handle those as investment income (or similar).

    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: Dynasty Fund

    Posted 19 days ago
    Are there any points at which we would be able to book market increases?

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    Joe Perz
    Assistant VP Development Services
    Stevens Institute of Technology
    jperz@stevens.edu
    ------------------------------



  • 4.  RE: Dynasty Fund

    Posted 19 days ago
    No.  That's all investment gains.

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard





  • 5.  RE: Dynasty Fund

    Posted 19 days ago
    Thank you John.

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    Joe Perz
    Assistant VP Development Services
    Stevens Institute of Technology
    jperz@stevens.edu
    ------------------------------



  • 6.  RE: Dynasty Fund

    Posted 19 days ago
    Joe, there are two ways it might be possible to count additional amounts.  However, that requires you to receive more of the trust than originally intended.  For example, if you were originally named a 50% irrevocable beneficiary of the trust and the donor made you the sole beneficiary, you would be able to count a "new" gift equal to 50% of the trust at the time the change was made.

    Or, if you were a 100% irrevocable beneficiary but the donor added $100,000 to the trust, you could count an additional $100,000.

    The only times you count the income stream is when you are only a revocable beneficiary of the trust.  Meaning, the donor can change their mind regarding who will get the money.  In that case, you would not count the trust value but only the annual distributions.

    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







  • 7.  RE: Dynasty Fund

    Posted 19 days ago
    Thank you again John. Very helpful.

    ------------------------------
    Joe Perz
    Assistant VP Development Services
    Stevens Institute of Technology
    jperz@stevens.edu
    ------------------------------