Program Related Investments

Sheree Norton
Sheree Norton
Ninth Anniversary Kudos 2 Name Dropper Participant
in Organizational Best Practices General Discussions

We are going to begin making program related investments or PRIs for short. What's the best way to track in Blackbaud Grantmaking online? My first thought is noncash category. Help.

Comments

  • Tania Yannarilli
    Tania Yannarilli
    Ninth Anniversary Kudos 2 Name Dropper Participant

    @Sheree Norton

    We don't track those grants in the system. Our CFO keeps track of those separately. I tried to set them up that way many years ago (Gifts Classic) and was unsuccessful. The information kept pulling into various reports. I'd be interested in hearing if there is a way to do it too. Thanks for posting this question.

  • Jen Hammerstrom
    Jen Hammerstrom
    Ninth Anniversary Kudos 2 Name Dropper Participant

    @Sheree Norton

    We use BBGM and track PRIs in our system. While we recognize they are not grants, it allows us to easily keep track of all activities. In the Coding section of BBGM, we created a custom field that allows us to identify it as a PRI which makes for clean reporting. We also have a separate PRI agreement template.

    Of course, I work very closely with our finance team to make sure we are all in agreement with reporting, etc.

  • Sheree Norton
    Sheree Norton
    Ninth Anniversary Kudos 2 Name Dropper Participant

    @Tania Yannarilli Thank you for mentioning that the information kept pulling into your reports. That's why I want to set it up from the beginning as separate from the “cash” grants, since PRIs are loans. I'll keep you posted.

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