Donor Advised Fund question

Juliana Weissbein

Hey all- I just switched over to working at a Foundation and I have a question. We have a donor who has a 1.7M cash gift in her record. This is the result of a contribution that is serving as an investment. She releases about 100K per year to our grantees (donor advised fund). This year, she is releasing 3K back to us. Is this technically new money? We want to record the contribution in her record, but also don't want to double count. How do I get around this?

Karen Hartt

Julie Weissbein:
Hey all- I just switched over to working at a Foundation and I have a question. We have a donor who has a 1.7M cash gift in her record. This is the result of a contribution that is serving as an investment. She releases about 100K per year to our grantees (donor advised fund). This year, she is releasing 3K back to us. Is this technically new money? We want to record the contribution in her record, but also don't want to double count. How do I get around this?

Hi Julie. It isn't new money, sorry. We record interfund transfers as an attribute. We use a fund list table for the description and record the amount in the comments field. We can pull a query called transfers for specific funds and add that information to a report (excel) to get the "full" contribution picture. Attribute: Transfer from Description: Fund name Date: date of GL transfer (we have a process form that circulates to specific staff) Comment: $3,000 from (fund code) to (fund code) Hope this helps.