Thank you, John! We will definitely speak to our CFO first. I will review was the Global Standards say and share with them as well.
Tammy M. Cline
Assistant Director, Gift Policy, Processing & Reporting
West Point Association of Graduates
698 Mills Road West Point, NY 10996
Serving West Point and the Long Gray Line
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We have a couple of donors who charge six figures on their Amex cards (we believe to receive points). I agree with John to wait for the charge to fully process before beginning work on the CGA. It would also not be unusual to ask for all or part of the processing fee to be covered, though you might need to have a policy in place regarding the threshold for this ask. When Rutgers had a gift acceptance fee we often asked corporations to cover the fee in order to provide full support to the unit, that was considered an additional gift and was part of a documented policy.
aaasp Executive Board
Terry Callaghan, CIMP
Associate Vice President,
Information Technology, Analytics and
Rutgers University Foundation &
Office of Alumni Engagement
We had a similar situation with a donor paying off a seven figure pledge with six figure payments on credit card. I called, explained amex's crazy fees, and asked them to please wire instead.
Aaron Forrest CPA
Senior Director Gift and Donor Services
University of Rochester Office of Advancement
585.275.2799 | email@example.com