How to add "Other Planned Gift" (Commercial annuitant beneficiary) from deceased donor

Kim Erskine
Kim Erskine
Fourth Anniversary Facilitator 1
in Blackbaud Raiser's Edge NXT®: General Discussions
We have just received notice that we are the beneficiary of several Commercial Insurance annuities that our now deceased donor owned. I have filled out the claim forms and are now awaiting the processing of the claims. When these gifts come in I am wondering how we should enter them. My first thought is to have a gift subtype called "Estate" which would be different than Bequest. This could cover other types of estate gifts that are not bequests - ie don't come through a will or trust. These would include, but are not limited to, being the beneficiary of: commercial insurance annuities, Retirement accounts; Donor advised funds etc.


We then would fill out the gift record with all the relevant information and mark it as realized. We would add the vehicle as other, and put the information we have under the miscellaneous information.


My question is: Does this seem like the right approach, or should we just put it in as vehicle and gift subtype bequest - and maybe put some info in the Miscellaneous notes section...


Of course this might be different if a live donor told us we would be the beneficiary of such a gift and we put this in as a pledge... but that is for a different time...
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Comments

  • Austen Brown
    Austen Brown Community All-Star
    Ninth Anniversary Kudos 5 PowerUp Challenge: Product Update Briefing Feedback Task 3 bbcon 2025 Attendee Badge
    Hi Kim Erskine‍ - Based on your posted, am I correct in the assumption that you have access to the Planned Gift Tracking module?
  • Kim Erskine
    Kim Erskine
    Fourth Anniversary Facilitator 1
    Yes we do





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