I wrote a paper on this topic last year. You will find it here under the
Management section (How to Avoid Unnecessary Fund Creation):
https://www.johnhtaylorconsulting.com/advancement-program-resources.html
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Tue, Apr 30, 2019 at 3:34 PM Graves, Leslie <
Leslie_Graves@baylor.edu>
wrote:
> I wanted to reach out to the community and see what the best practices are
> for fund creation. Specifically, for our corporations and foundations who
> donate money to do specific projects such as renovation projects, what are
> the best practices for how to designate those funds. Do you always create a
> new fund for these to help facilitate reporting back to the foundations, or
> would you put that money into a current fund that is co-mingled with other
> money and hope that the business manager keeps accurate records for how
> that money is spent?
>
>
>
> I’m walking a fine line of trying to keep fund creation under control and
> making sure that we steward the donor’s money appropriately.
>
>
>
> *Leslie Graves **| **Baylor University*
>
> Senior Director, Advancement Services
>
>
>
> University Advancement
>
> One Bear Place #97026
>
> Waco, Texas 76798-7026
>
> P: 254.710.8293 C: 254.652.2015
>
> *www.baylor.edu/GiveLight <http://www.baylor.edu/GiveLight>*
>
>
>
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