Contributions received via Benevity and other platforms
Thank you!
Comments
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RE allows us to soft credit a donor the full amount they give through platforms like that.1
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Hi William, our RE design consultant told us that RE does not allow you to soft credit more than the gift amount. And gifts that like this that were converted from our previous system converted with errors.0
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You are correct that RE does not allow you to soft credit more than the gift amount. Some companies view the Benevity fees as 'cost of doing business', just as you wouldn't subtract credit card processing fees. Others soft credit the individual donors the amount of their gift and reduce the soft credit for those coming from an organization. If you search Benevity in the forums, you'll find much chatter on this topic.
Good luck!2 -
Thank you so much Judy!0
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We use the gross donation total as the gift amount in RE, and then finance reconciles out the fees on their end to match the net funds received.6
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As the donor receives a gift acknowledgment from Benevity and other such organizations we book the net proceeds on the donor record and note that the check is from Benevity.5
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Hi Dianne,
Our organization recieves donations from Benevity and other charitable partners, too. How do you differentiate and classify that gifts come from here. Do you put them under appeals?0 -
Benevity took a chunk of change out of the gift if it was dispersed to us via a check. We signed up for PayPal and now we get 100% of what the donor actually donates.
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Hi Veronica - Since this post, we've revised how we handle these gifts. We now book the entire gift on the donor record and add a gift note that the check came thru Benevity. We do not differentiate any other way. Hope this helps.
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We have always had PayPal, but the gifts that come to us via Benevity are almost always initiated thru a company payroll deduction program. I'm not sure how/why the companies chose Benevity. I guess this might warrant some research!
0
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