What is the best practice for entering gift that is made by matching company?

Vicky Nguyen 2

For example, we received a check from Truist for  $1,000, then i go into truist website and export donors info with their gifts amount.

At my previous jobs, i entered Truist as hard credit, and donors as soft credit. But with the new org i'm with now, they record each donor amount as hard credit.

 

Ryan Hyde

My guess is most orgs do it the way your old org did it, but probably the best way to do it is the way you're being asked to do it now. This reduces the complexity of soft credits for you when you want to do queries on giving history and that sort of thing (we all know how many problems soft credits can cause). 


You'll just want to ensure that you're recording these gifts in such a way that the donor is not being given a tax receipt for the matching amount. You can do this by using gift type of 'other' and ensuring that those gift types don't show up in year end reporting, or you can change the receipt amount to $0, or really anything you want to, so long as it's consistent. 

Christine Cooke 2

Vicky Nguyen:

For example, we received a check from Truist for  $1,000, then i go into truist website and export donors info with their gifts amount.

At my previous jobs, i entered Truist as hard credit, and donors as soft credit. But with the new org i'm with now, they record each donor amount as hard credit.

 

If the $$ are indeed matched funds and not a gift from an individual donor given through their workplace, then it should be hard credit to the company that matched and soft credit the individual.  Truist is the conduit by which the funds were delivered, you can note that in reference.


If the funds are a gift from the individual but given through their workplace -- then the individual donor should be hard credited.