Honoria Gift

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Becky Bull
Becky Bull ✭
Seventh Anniversary First Reply
in Blackbaud Raiser's Edge NXT®: General Discussion
Good morning!  I am trying to find out the proper way to enter a gift recevied from a corporation to a the non-profit as an honoria.  For example, ABC Corporation, made a gift to XYZ Non-Profit, because a staff member or board member spoke at an event for the corporation.  Who is the donor?  Is it the ABC Corporation or the individual who directed the gift to come to the organization?


Thank you for your input.


Becky Bull
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Comments

  • JoAnn Strommen
    JoAnn Strommen ✭✭✭✭✭
    Ancient Membership Facilitator 4 Name Dropper Photogenic
    When we have had this scenario, we receipt the organization as the donor. We always thank the individual for the gift received at their request. Our rational is that the individual never truely owned the funds. Sort of like a DAF. We even had this recently for a foundation board member who directed their 'annual renumeration' to us. This gift in excess of $10K was receipted to the foundation and applied to the board members pledge at their direction.
  • Annelise Holverstott 2
    Annelise Holverstott 2 ✭
    Seventh Anniversary Facilitator 1 Photogenic
    We have always credited the organization (ABC Corp), but we thank the individual if we have their contact info. I think of it sort of like a matching gift--the company was inspired by an individual to make a donation to us. We do want to recognize the inspirational individual, but it was always the company's money. 
  • Becky Bull
    Becky Bull ✭
    Seventh Anniversary First Reply

    Thank you!  That is what I thought. 
    I keep hearing that it’s taxable income for the individual and I
    don’t think that is the case.

     

    Rebecca B.
    Bull

    Chief Development
    Officer

    LUNGevity
    Foundation

    6917 Arlington
    Road, Suite 352

    Bethesda, MD 
    20814

    Phone:
    240.454.3107

    Cell:
    240.401.5554

     

  • Melissa S Graves
    Melissa S Graves ✭
    Ninth Anniversary Facilitator 3 Photogenic
    I would never say that you "always" do this or that in this scenario. You must confirm with the check sender whether or not they are considering it income to the speaker (and issuing a 1099) or not. Usually not but sometimes the answer could be yes.

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