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Check from a trust

  • 1.  Check from a trust

    Posted 6 days ago
    Hi all,
    We received a check from a trust that is established at a Foundation. The donor is deceased and the foundation is sending us money based on donor's wishes.
    Would you put the donation on the Foundation record and and soft credit the deceased?
    Thank you,
    Tammy

    ------------------------------
    Tammy Cline
    Asst Director of Advancement Svcs
    The West Point Association of Graduates
    tammy.cline@WPAOG.ORG
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  • 2.  RE: Check from a trust

    Posted 6 days ago
    I would call the Foundation and find out if the account from which the check is coming belongs to a separate legal entity (family foundation, individual, or legally established trust).  I doubt the gift is from the Foundation itself (it sounds like it might be a community foundation).

    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: Check from a trust

    Posted 6 days ago

    Thank you, John. Just called and it's their individual trust they set up through the Colorado Episcopal Foundation.

     






  • 4.  RE: Check from a trust

    Posted 6 days ago
    So I would issue a receipt in the name of that trust. The community foundation does not require anything, including soft-credit - although nothing prevents you from issuing that. They are acting more like a bank.

    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







  • 5.  RE: Check from a trust

    Posted 6 days ago

    Great, thank you!!