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Refund gift from Donor Advised Fund

  • 1.  Refund gift from Donor Advised Fund

    Posted 18 days ago

    Hello, 

    We have a donor who is requesting a refund of two $10,000 gifts that were given 6 years ago via his donor advised fund. Are we correct that the donor needs to place this request with his DAF because the the donor relinquished the funds when they put them into the DAF? The DAF is the legal donor of these two gifts, and it would be up to the discretion and governing policies of the DAF to approve the request and contact my office for the refund.

    Has anyone here experienced an issue like this, or have any guidance on how to communicate this with the donor?

    I'd appreciate any help. Thank you in advance!



    ------------------------------
    Ashley Ojeda
    Assistant Director for Development
    University of Texas at Austin
    ashley.ojeda@austin.utexas.edu
    ------------------------------


  • 2.  RE: Refund gift from Donor Advised Fund

    Posted 18 days ago
    Yes.  The gifts were made by the DAF under the suggestion of the donor.  Should the individual wish to unravel the donation, they must do so through the DAF.  And, if the DAF agrees (and you must agree, too, as gifts are irrevocable), the funds would have to be returned to the DAF only.

    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: Refund gift from Donor Advised Fund

    Posted 18 days ago
    Thank you so much for your response!

    ------------------------------
    Ashley Ojeda
    Assistant Director for Development
    University of Texas at Austin
    ashley.ojeda@austin.utexas.edu
    ------------------------------