Fund Relationships - When/Why/How to Use

Joanne Felci 2

Curious as to how and why people are using fund relationships


Is it just for restricted funds from one org/individual to a special fund?


I'm just trying to figure out the difference/use of that versus having a fund on a gift and doing a query that way


Is the Fund Relationship established because there is no gift on the record to query?

Christine Adams

For us it's normally the person(s) who has signed a gift agreement to start the fund and/or the contact for impact/endowment fund reports

Kylea Johnson

I use it to connect major donors/groups to their fund. This helps us create some of our correspondence and track changes for fund contacts.

Tom Klimchak

We also track the fund contact with Fund relationships.  We have also used it to identify alumni who RECEIVED money from a particular scholarship fund.  We do wish there were some attribute fields or more options to track other things, though.

Karen Diener 2

For our Endowments, I use it to track a few things - the recipient of the endowed fund report, the person it is named after (if applicable) and the constituent who established the fund.  Sometimes there is overlap, and I don't love linking one person to a fund two or three times, but it also allows me to query on a specific relationship type.  It's not very clunky to have multiple Fund relationships on a record, and if they are meaningful, then it is worth doing.


Other than our endowments, I don't have relationships linked.  When I was in a hospital setting, it was used to track the fund administrator.  For example, the Foundation raised the money for a music program established by a patient family, but a person in the Child & Family Life Services department was responsible for the spending.  This helped us push monthly reports out to those individuals.


Karen

Larry Wheeler

I am a few months behind here... but I use Fund Relationships to setup ties with the DOs, Deans, Dean's Assts, etc... who want to be notified when gifts come in to the funds in their respective areas.  I had setup a scheduled report in our previous ERP to make this happen without manual intervention.   There was not a way to accomplish the same in the RE hosted environment.   Instead, we use the fund relationship to add individuals to the fund record, and in Notes we add their email address.   I run a query each morning which will pick up gifts from the previous business day, whose NOTES are Not Blank,  and only Cash type gifts.   The output is sent to front office personnel who use a mail merge to send the notifications.


I do, although, have an issue with removing these relationships globally and keeping them tidy.