Linking Planned Gifts to a DAF Gift

Philip Mitchell

Hi everyone,

 

We’re running into a situation in Raiser’s Edge and I’m curious how other shops handle it.

We received a $50,000 gift from Bank of America Charitable Gift Fund (DAF), so the hard credit is on the DAF, not the individual donor. However, the gift fulfills two $25,000 planned gifts associated with the individual donor.

 

Because the DAF holds the hard credit, I can’t find a clean way to link the realized amount to each planned gift record.

 

In the past we’ve sometimes $0 out planned gifts once the funds are received, but these records attributes, so I want to make sure we’re handling it correctly.

 

How are others managing this?

• Do you link the planned gift to the DAF gift somehow?
• Mark the planned gift as realized and adjust the amount?
• Handle it another way?

Would love to hear how other institutions track this.

Thanks!

Crystal Bruce

Hi @Philip Mitchell - I'm tagging in a few All-Stars who might be able to help! @JoAnn Strommen @Dan Snyder @Austen Brown @Carlene Johnson.

Dan Snyder

@Philip Mitchell We do not use the specific planned gift module for our planned gifts (mostly because we had a system in place before we had access) so what we do at my org may not be helpful.

For DAF payments that pay off a pledge (bequest or other multi-year commitment) we do also hard credit the DAF and we include a gift code of Pledge Payment so our reporting places it in the correct area. On the pledge record, that is on the individual's record, we write off the corresponding amount received from the DAF. This sounds similar to the manually marking a PG as realized and adjusting the amount, but again I do not have that direct experience.

I am not saying this is best practice, more just an option. Hopefully you get some other thoughts from the other All-Stars Crystal tagged or other community members.