Life Insurance Policy gift

Rachel Schafer
Rachel Schafer
Second Anniversary Blackbaud Certified
in Blackbaud Raiser's Edge NXT®: General Discussions

We were the beneficiary of a donors life insurance policy and we just received the money. Should it be recorded in the donor's record or the life insurance record?

Comments

  • Christine Robertson
    Christine Robertson Community All-Star
    Kudos 5 Name Dropper Participant First Anniversary

    @Rachel Schafer Are you using the Planned Gift gift type?

    This is a gift from the donor/estate. The Life Insurance company is not a donor. They are fulfilling a contractual obligation.

  • Dan Snyder
    Dan Snyder Community All-Star
    Tenth Anniversary Kudos 5 PowerUp Challenge: Data Health #3 bbcon 2025 Attendee Badge

    @Rachel Schafer I agree with @Christine Robertson, just make sure it was not recorded earlier if your org was made owner and beneficiary of the policy. Doesn't sound like it from your post, but we have had a couple donors who set it up in this way and CASE standards have you record a value at that time and nothing when the donor passes.

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