Our Finance department floated the idea of putting the charitable portion of a charitable annuity (one with payments out to the donor over time) in the gift amount field instead of the amount transferred to us by the donor to set up the annuity.  I can see some of the logic to this approach, but I think there are other ways to communicate the information.  I just wanted to touch base with how others are entering the information and get any helpful feedback I can.

 Thanks, all!

Here's what's worked for me. I use Gift Type "Other" and enter the full amount transferred to us (say $50,000) into the Gift Amount. I use the charitable portion (say $26,000) in the receipt amount. By using Gift Type Other, I know to treat it differently in reports and such. I then have access to both the full amount ($50K), and the creditable amount ($26K). I currently only have a few of these (less than 5), so it's easy enough to handle. If you are expecting to have a large number of Gift Annuities, you may want to consider a different approach, perhaps even using the Planned Gift module.

The information we put in raiser's edge is strictly the Present Value of the gift and a second gift (that never gets counted in financial reports) that indicates the face value of the gift at the time it was given. We do not administer or manage the annuities or other planned gifts in house. (and donors are not required to 'purchase' annuities or planned gifts through us...)

The planned giving module may be something for you to check out.

Hi All,

We post the charitable deduction portion of the gift annuity.  We have a fairly new program.  We've been tracking the amount the donor contributed to establish the annuity on a spread sheet.  There's a lot of back and forth about this.