pledges and recurring gifts

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Barbara Hassan
Barbara Hassan ✭
Tenth Anniversary Photogenic First Reply
in Blackbaud Raiser's Edge NXT®: General Discussion
systematically there is no way you can decrement a recurring gift to a pledge.  does anyone have any best practice that they came up with? Thanks.

 
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  • Faith Murray
    Faith Murray ✭
    Ninth Anniversary Facilitator 4 Name Dropper Photogenic

    Barbara Hassan:

    systematically there is no way you can decrement a recurring gift to a pledge.  does anyone have any best practice that they came up with? Thanks.

     

    One best practice is, when first entering Recurring gifts, always make sure the credit card/routing information is marked as "Primary bank information" or recorded under the credit card section. That way, if you end up having to re-enter the gift information as a pledge, the financial information is still readily available. Especially true for online gifts initiated through Online Express.


    Although, since Recurring gifts can also include end dates, the only reason I can see for switching to a pledge structure is if Bookkeeping prefers it, or you are trying to demonstrate larger revenue numbers for a capital campaign matching gift. Otherwise, from a data entry perspective, recurring gifts are way more flexible and less messy during installment re-scheduling, missed payments, amount adjustments, and fund re-assignments. They are also much easier to use when converting donors over to a monthly giving program. 

  • Barbara Hassan
    Barbara Hassan ✭
    Tenth Anniversary Photogenic First Reply

    Faith Murray:

    Barbara Hassan:

    systematically there is no way you can decrement a recurring gift to a pledge.  does anyone have any best practice that they came up with? Thanks.

     

    One best practice is, when first entering Recurring gifts, always make sure the credit card/routing information is marked as "Primary bank information" or recorded under the credit card section. That way, if you end up having to re-enter the gift information as a pledge, the financial information is still readily available. Especially true for online gifts initiated through Online Express.


    Although, since Recurring gifts can also include end dates, the only reason I can see for switching to a pledge structure is if Bookkeeping prefers it, or you are trying to demonstrate larger revenue numbers for a capital campaign matching gift. Otherwise, from a data entry perspective, recurring gifts are way more flexible and less messy during installment re-scheduling, missed payments, amount adjustments, and fund re-assignments. They are also much easier to use when converting donors over to a monthly giving program. 

     

    thanks for your reply.  actually the pledge is for a Naming plaque and it is usually a large sum and payable within two years. So some donors want to automatically pay it off so they don't have to worry about payments.  Otherwise, you are right, a recurring monthly gift is just that, a monthly gift with possibly no end date.  Right now i manually fix it in my reporting but if someone else was to run this report, it would be inaccurate


     

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