Congrats on starting a legacy society. This is an excellent investment for the stewardship of your organizations donors.
Documents to have before launching: Gift Acceptance Policy, Investment Statement Policy, Gift Council Roles & Responsibilities, Annual Legacy Outreach Activities Plan.
When you have these documents in place you will...
Brad Gornto posted Re: Re: Question from DAF Sponsor Client - 3rd Party Grantees Screening Service/Vendors Out There?4 RepliesTony-
Thanks so much, the info you provided is quite helpful and I'll forward it to my client! I greatly appreciate your input!
Brad Gornto posted Re: Re: Question from DAF Sponsor Client - 3rd Party Grantees Screening Service/Vendors Out There?4 RepliesThanks Kristine.
Yesterday the Tax Policy Center of the Urban Institute and Brookings Institution hosted a conference on “Taxes and the Future of Philanthropy.” Several of the sessions and discussions might be of interest to gift planners, especially the session on “The Future of Charitable Giving” and another on the “Impact of the TCJA on Nonprofits.” And there was...
As at UNM Foundation, at our foundation the situation determines the recording.
For #1, when this kind of policy is donated, we record the interpolated internal reserve value (with the typical appraisal required) as the gift value. Thereafter the policy is held as an asset of the foundation and revalued annually as part of the audit process.