Splitting contribution over 2 years

I don’t mean to be a wet blanket, but I’m not sure this is legal under the tax laws. If he is giving you the cash this year and it is meant to be spent over two years, that’s fine – but the donation acknowledgement has to show the date you received the money, not the date you spent it. If this is a pledge and he is paying it in two payments, one each year, then you can send a separate letter each year. But the key is when the cash is received.

You might want to check with your finance folks to make sure they are comfortable with your approach.

____________________________

Julie P. Hamre

Staff Accountant

Strathmore

5301 Tuckerman Lane

North Bethesda, MD  20852-3385

www.strathmore.org

301-581-5136

jhamre@strathmore.org

In office Monday-Tuesday-Thursday

Support what you love. Strathmore Stars enjoy

10% off Strathmore performance tickets, advance

ticket purchase, discounts in the Shops at

Strathmore and in Tea Room, and access to special events.

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Michelle Gallagher
Sent: Thursday, May 28, 2015 4:59 PM
To: Julie Hamre
Subject: [Tessitura Development Forum] Splitting contribution over 2 years

Hi all.  We have a constituent who has generously donated a lump sum to be used for our youth orchestra chair programme for one particular musician.  He has given us enough for two years and would like it to span across the two years and be acknowledged for half each year.  Is there a way to process this in one go in Tessitura, or is the best way to simply put it into his on-account fund and set a reminder against his record to put through the next donation in a year's time?  Thank you for your help!

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

I don’t mean to be a wet blanket, but I’m not sure this is legal under the tax laws. If he is giving you the cash this year and it is meant to be spent over two years, that’s fine – but the donation acknowledgement has to show the date you received the money, not the date you spent it. If this is a pledge and he is paying it in two payments, one each year, then you can send a separate letter each year. But the key is when the cash is received.

You might want to check with your finance folks to make sure they are comfortable with your approach.

____________________________

Julie P. Hamre

Staff Accountant

Strathmore

5301 Tuckerman Lane

North Bethesda, MD  20852-3385

www.strathmore.org

301-581-5136

jhamre@strathmore.org

In office Monday-Tuesday-Thursday

Support what you love. Strathmore Stars enjoy

10% off Strathmore performance tickets, advance

ticket purchase, discounts in the Shops at

Strathmore and in Tea Room, and access to special events.

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Michelle Gallagher
Sent: Thursday, May 28, 2015 4:59 PM
To: Julie Hamre
Subject: [Tessitura Development Forum] Splitting contribution over 2 years

Hi all.  We have a constituent who has generously donated a lump sum to be used for our youth orchestra chair programme for one particular musician.  He has given us enough for two years and would like it to span across the two years and be acknowledged for half each year.  Is there a way to process this in one go in Tessitura, or is the best way to simply put it into his on-account fund and set a reminder against his record to put through the next donation in a year's time?  Thank you for your help!

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!