Thou Shalt Not …
2. Thou shalt not make recommendations without adequate technical advice.
It’s important to know the legal tax implications of recommended gifts. Luckily, most major donors want to seek professional advice from a lawyer, CPA or some other type of financial advisor before agreeing to a large gift.
So bring your donors’ professional advisors into the loop early on in
the discussions. Have them counsel your donors on the tax effects of
their gifts and provide any needed legal advice. You don’t want to be held accountable for that; let the professionals do it. In addition, inviting the advisors to be involved will make them less likely to act as gatekeepers and oppose your proposal.