Living Trusts

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Ann-Marie Schell
Ann-Marie Schell ✭
Ninth Anniversary Photogenic First Reply
in Blackbaud Raiser's Edge NXT®: General Discussion
I'm on Raiser's Edge 7 and repeatedly get checks for "trusts." I've been told that Living Trusts are simply another checking account for constituents and should not be loaded seperately like the other trusts are. In other words, just put them in under the constituent. This is not someone who works in RE regularly or in our Business Office, but I wanted to double check to be sure I'm not doing this wrong.



Does anyone know about Trusts? Any insight would be much appreciated!
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  • Candace Chesler
    Candace Chesler ✭
    Ancient Membership Facilitator 2 Name Dropper Photogenic
    Ann-Marie - My understanding of checks coming from a "Living Trust" is that yes - it is the same as the money coming from the constituent.  They have created a Living Trust as a method to expedite transfer of monies in the event of their death.  The Living Trust is essentially their own account while they are alive. So - checks coming from an account that says "Happy Donor Living Trust" - get recorded on the record of Happy Donor.  

    I believe we are all going to start seeing more of these contributions in the next few years. 
  • Sheri OlanderWaters
    Sheri OlanderWaters ✭
    Ninth Anniversary Facilitator 1 Photogenic
    Quick addition: If these constituents aren't already tagged as major donors or donors with capacity, you may want to alert your prospect development team (if you have one) or your development officers. People with more assets are more likely to create living trusts. :-)
  • Jen Claudy
    Jen Claudy ✭
    Tenth Anniversary Facilitator 4 Name Dropper Photogenic
    My understanding is the same as yours and Candace's...  Checks from an investment account are the same.



    If you think it may at some point be good to know that the gift came from a Living Trust (or other type of account) instead of a regular checking account, you could use the Bank feature in RE.  (We don't do this currently, since we keep a scan of the gift paperwork on the RE record, but I've thought about it.)

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