FundSvcs Community

 View Only
Back to discussions
Expand all | Collapse all

Proof of Power of Attorney

  • 1.  Proof of Power of Attorney

    Posted 27 days ago
    We have an alum who's told us that he's the POA for his mother who suffers from dementia.

    Earlier this year we received a gift from the mother's IRA with a restriction for a college program. The son, acting as POA, recently reached out instructing us to further restrict this gift for a specific purpose for that program.

    Do we need to have a copy of the POA in order to honor gift instructions from the son on the mother's behalf?

    ------------------------------
    Gwen Donev
    Director of Advancement Services
    Gustavus Adolphus College
    gwendonev@GUSTAVUS.EDU
    ------------------------------


  • 2.  RE: Proof of Power of Attorney

    Posted 27 days ago
    In my world, I ask for a copy.  I sure am asked for copies when I take financial actions for my parents.  I do think it will depend on the relationship you have with the individual.  However, any action that is defined as legal or financial activities should be supported by documentation.  The last thing you want is to get into a heated family battle.

    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




    Original Message