Accounting seems to want to use the event as a 'fund', but wouldn't it be an appeal, as this is source-how-raised? Just curious to know what everyone thinks!David
It can be one the other or both.
It is not uncommon to have a special fund for an event. It is not always done this way but if Finance wants it, Finance gets it.
Some events may have one appeal that match it (Gala invitation) but others may have several appeals that all go to that fund (Gala corp sponsorship packet, Gala auction item appeal letter, Gala invitation, gala e-invite, etc.)
I agree with you that the appeal should be how the money was raised. Unfortunately, many of ours are set up as funds with the event and year as the fund name, ex: Golf 08 . I am not clear on why the decision was made to do it that way, but for now, I just have to follow along. Our accountant agrees with me that a fund is where the money goes, so I can only guess it has more to do with someone wanting it to be easy for the untrained person to gather the totals using fund instead of appeal.
David,
My organization is enter as an Appeal, then the Appeal is linked to the primary fund - However, the Appeal is the source, but the donor can still restrict to whichever fund they want.
I.E. Money raised through our Annual Regatta - Appeal: 08 Evt Ragatta - Fund: Restricted to Bereavement Progarm - Campaign: '08 Annual Campaign
Hope this helps,
Monica Biondo
Avow Hospice
Our organization uses as the event as an appeal.
The campaign is events and then the fund depends on where the money is going.
i.e. Our 125th anniversary is Events Campaign, General Development Events Fund, 125th appeal
i.e. Our To Live Forever event has two parts, a VIP party and an After party The VIP is: Events Campaign, CG Event Fund, To Live Forever appeal The After party is: Events Campaign, Membership Event Fund, To Live Forever appeal
This method works really well for us.