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Gift In Kind future bequest

Last post 07-20-2009 4:04 PM by Lynda Frank. 2 replies.
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  • 07-20-2009 9:51 AM

    • Mary Wood
    • Not Ranked
    • Posts 1
    • Organization: Public Museum of West Michigan

    Gift In Kind future bequest

    Our organization will receive a gift-in-kind of art upon donor's death.  Any suggestions on how to record this in RE would be helpful.

    Filed under: ,
  • 07-20-2009 2:15 PM In reply to

    Re: Gift In Kind future bequest

    We have a Lifetime Membership to a Planned Giving Society for those donors that remember us in their estate planning.We track this as an attribute. If there is no revenue recordable gift I put verbal in the comments field of the attribute. I don't belive you have anything that I would consider a legal bookable revenue gift at this point but you could place a note in their constituent record.

    Laurel Quaintance
    Manager, Fund Development Services
  • 07-20-2009 4:04 PM In reply to

    • Lynda Frank
    • Not Ranked
    • Posts 7
    • Organization: Planned Parenthood of Santa Barbara, Ventura and San Luis Obispo
    • Products:  The Raiser's Edge

    Re: Gift In Kind future bequest

    We track donors who have included us in the estate plans with a "Legacy Leader" constituent code. We don't enter any gift information until the donor passes away. We do enter information in the "notes" section to alert future employees of the contact with the donor.

    When we receive the estate gift, we create a new organization record "Estate of Name" for the gift. This allows us to track the donor's giving during his/her lifetime as well.

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