Large Pledge to be paid over several years at various amounts

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Amber Mullins
Amber Mullins ✭
Seventh Anniversary Photogenic First Reply
in Blackbaud Raiser's Edge NXT®: General Discussion
Hello! This is a first for our organization and I am unsure of how to enter the gift/pledge. We received notification of a very large pledge that will provide annual income in perpetuity. We will not start receiving payments for this until 2023. We want to record the pledge in gifts but we do not want it to show up in accounts receivable or show up as an unpaid pledge. We don't want to skew our reporting our yearly income and unpaid pledge totals. Any ideas? Thank you!
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  • Beth Gibney
    Beth Gibney ✭
    Tenth Anniversary Facilitator 1 Name Dropper Photogenic
    Hi!  I'm curious what others respond to this.  Similar to this, we recently tested how to record a grant that had to be recorded on our hospital side, not the Foundation books, but we wanted our grant writer to get credit internally when we pull reports for gift officers.  We chose for now to use gift type "other" and we updated our config in NXT to not include "other" in both committed and actual revenues.  We don't use financial edge, and I do the reconciling so that amount will never be double counted as revenue.  Also, added a very detailed note to that record!
  • Stephanie Crawley
    Stephanie Crawley ✭
    Ninth Anniversary Facilitator 2 Name Dropper Photogenic
    If you know the dates and amounts it will be paid, then you can set up a schedule on the pledge with the correct dates and amounts for the future. You can also date the pledge in the future, rather than now, say with the first scheduled payment date. You can put the GL post date at that future date as well. Then the pledge won't pull into reports with current dates. You could further isolate this pledge by building a Fund specific to this pledge. Then you choose to only report on this new Fund as you desire. (If you want to further isolate, you can make the Campaign and Appeal specific to this pledge as well.) That's the great thing about Raiser's Edge - you can customize your entries to whatever individual need you have at the moment.
  • Amber Mullins
    Amber Mullins ✭
    Seventh Anniversary Photogenic First Reply
    I did not even think about posting it for the
    future! Thank you for the tip. 


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    Amber
    Mullins


    Development Manager | Knoxville Symphony
    Orchestra


    100 S Gay
    St, Ste 302     | Knoxville, TN
    37902


    Direct 865.521.2319 |
    Fax 865.546.3766


    amullins@knoxvillesymphony.com 

    “It’s not how much we give, but how much love we put into
    giving.” -Mother Teresa


    www.knoxvillesymphony.com 

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  • Stephanie Crawley
    Stephanie Crawley ✭
    Ninth Anniversary Facilitator 2 Name Dropper Photogenic

    Amber Mullins:

    I did not even think about posting it for the future! Thank you for the tip. 
     

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    Amber Mullins


    Development Manager | Knoxville Symphony Orchestra

     










     

    You're welcome, Amber!

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