For organizations that managed donor advised funds, how do you track grants made via that DAF?

Rodrigo Guardado · June 2016

Our organization fundraises for our many programs and operating budget but we also have a division that opens and manages donor advised funds. Now, under current practice, we record money being deposited into a donor's DAF account via RE first (as a regular gift transaction) for that transaction to then move over to FE. Indeed, the DAF balance figures are really maintained and up-to-date in FE and not RE. But the grant history from that DAF is stored under a third database called GrantedGE.

Today I was asked if we track "grants" made from the DAF in RE. I found that our organization doesn't do this because RE wasn't designed to do this.

Now, I ask only individuals who work on organizations that manage DAFs---how do you use RE to "track" grants from DAFs? (if at all).

Thanks,

Rodrigo

Diane Marks · June 2016

Rodrigo, our set up is like your organization's, gifts are recorded in RE, the information is posted into FE and grants are processed through GrantedGE.

Renee Grayson · June 2016

Add a gift attribute to these specific "Gifts".

Christine Robertson · June 2016

One of my clients does this by creating a pledge for all grants when the commitment letter is signed. But, I know that this solution may not work for others depending upon how your accounting procedures address pledges.

Renee Grayson · June 2016

We also used a gift subtype for "Deferred Grants" to better
track these. The gift subtype is linked to debit and
credit gift distribtution accounts as well.

Renee Grayson |
Development Specialist

Volunteers of America, Dakotas
| www.voa-dakotas.org

1309 W. 51st
St.

P.O. Box 89306, Sioux Falls, SD
57109-9306

O: (605)
444-6330

F: (605)
444-2530

Follow
us: Facebook | Twitter

Helping People Help
Themselves.

IMPORTANT WARNING: This message is intended for the use of the
person or entity to which it is addressed and may contain
information that is privileged and confidential, the disclosure of
which is governed by applicable law. If the reader of this message
is not the intended recipient, or the employee or agent responsible
to deliver it to the intended recipient, you are hereby notified
that any dissemination, distribution or copying of this information
is STRICTLY PROHIBITED. If you have received this message in error,
please notify the sender immediately and arrange for the return or
destruction of these documents.

For organizations that managed donor advised funds, how do you track grants made via that DAF?

Comments

Categories