[ASK AN EXPERT] In Which Year Are Gifts Made On Or Before December 31, But Received In January, Counted?
Bloomerang
DECEMBER 9, 2022
Our auditors later told us the gifts should have been recorded as pledges, with the payment showing as being applied in the new year. The donor mails the check via the USPS. Charities have no requirement to substantiate when the gift (or pledge) was made ; merely when the money was received.
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