Comments

• Holly - Great! We are going to set up the sub fund. We have a meeting tomorrow with our CSM. I am happy to see that we can do a combined fund statement. That is exactly what we want to be able to do. Thank you for your insight!

  in Agency Fund Third-Party Donations Comment by CathyWright March 2021
• Ben at COF said that since they gave to the organization's endowment instead of directly to the organization they intended for it to be in the endowment fund and therefore we cannot remove their donation unless given permission by the donor.

  in Agency Fund Third-Party Donations Comment by CathyWright February 2021
• So far we are leaning toward doing a sub-fund as a designated fund for third-party donations. We have a meeting set to talk with our CSM, @cullenmullany, to see if it's possible to do a combined fund statement. We did decide that we are going to start 1/1/2021 this way and everything prior to that will have all the…

  in Agency Fund Third-Party Donations Comment by CathyWright February 2021
• Hi @KarenWolf - we attended the Legal Matters of Community Foundations presented by COF last week and they said that third-party donations need to be kept separate and that the agency cannot request those funds due to "extreme hardship" without getting approval from the third-party donor. By giving the agency the…

  in Agency Fund Third-Party Donations Comment by CathyWright February 2021