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Recording of Gifts

Last post 08-10-2004 5:18 PM by Liesl Magana. 0 replies.
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  • 08-10-2004 5:18 PM

    Recording of Gifts

    I have several questions about proper recording of gifts. First of all does anyone have a resource that provides some hard and fast rules about how non-proifits are to record gifts and if so will you share? Specifically my questions are: How do you record donor advised gifts which come through a community foundation? It is my understanding you record the gift in the foundation record and soft credit the donor who advised the gift? How do you ensure that the donor is the one who shows up on reports and lists? Mark "credit soft credit recipients"? What if the donor sis ponsoring an event and there is a receipt amount that needs to be applied? Also, if a donor informs you they will give a gift through a community or family foundation do you enter it as a pledge in the foundation record or their personal record? Is it always a rule of thumb that you record the gift under whomever the check is from? and if an individual sends a donation from their business account, specifically if they are self employed, do I enter the business as a seperate constituent and soft credit the individual after recording the gift in the business record? I hope that all made sense. I think I know the answers to these questions but want to know your thoughts. Also are these decisions made by each individual organization or are there laws regarding these things? Thanks for any input!
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