Central Virginia AFP Membership Meeting: What Happens When You Are Asked to Give the Gift Back? A discussion about the risks and issues of troubled donors.

You did everything right - you listened to your prospect, you stewarded them perfectly, you made the "ask," they said "yes," the gift agreement was signed, you booked the pledge, you counted it in your total, you announced it to the public, and, hallelujah, all of the pledge payments were made on time.

What happens when, all of a sudden, you've been asked to give the gift back?

Recently, several of our nonprofit friends were asked to respond to this question, and unfortunately, there is not a great deal of precedent to frame the answer.

Join the Central Virginia Chapter of the Association of Fundraising Professionals on March 23rd at the Charterhouse School for an in-depth panel discussion on how cases like HDL can impact the nonprofit sector. The panel will delve into the links among bankruptcy law, estate planning, 501(c)3 fiduciary duty, pledge reversal, and broader implications for donor relations, reputation management and philanthropy.

Our panel members are:

• Bill Gray, a shareholder of Sands Anderson and a member of the firm's Business Group concentrating on bankruptcy and creditor's rights,
• W. Hall Carter, Jr., an attorney with Sands Anderson PC, practicing in areas of estate planning and administration, taxation, and business and corporate law, and
• David Huffine, CFRE, of St. Joseph's Villa, AFP's 2015 Outstanding Fundraiser of the Year.

AFP Central Virginia does not provide legal advice. The information discussed and prepared by the panel is for informational purposes only, and is not intended to provide, and should not be relied on, for legal advice.