Updated reporting standards for planned gifts

Jamie Monk

Hi all, I'm in higher ed. CASE recently updated the Global Reporting Standards for revocable deferred gifts (ie bequests, etc.) to only report those revocable deferred gifts from donors aged 65 and above. I am looking for recommendations on the best way to handle this change in recording the gift. For example, we have a 50-something-year-old donor who included us in his will. What is the best way to document the gift, but not include it in any of our totals for another decade? We have the planned giving module. Thanks for your help!

Austen Brown

Hi @Jamie Monk - We record these gifts under the PG Module and we do not include planned gift, gift types in revenue totals.

Jamie Monk

@Austen Brown, do you track using a gift sub-type, attribute, constituent code? Something else?

Faith Murray

We also have the Planned Gift module and enter these as “Planned Gift” gift types. We do not include bequest commitments in our reported revenues until the gifts are realized.

Austen Brown

@Jamie Monk - We track legacy donors through a named society. In addition to the PG gift record on their constituent record, we also track their membership in the legacy society under constituent codes.