Yes - although depending on your CRM most already have a ”Conditional” flag on the standard pledge form. Checking that - assuming your feed can recognize it - stops the feed. Either way will work.
BTW, CASE leaves it up to the institution whether to count conditional pledges. So you need a policy on that. If you do count them, CASE states they are regarded much like revocable bequests.
John
John Taylor
919.816.5903
johntaylorconsulting@gmail.com
Big ideas; small keyboard
> On Jul 1, 2019, at 11:46 AM, Janette Koehn <
Janette.Koehn@millersville.edu> wrote:
>
> Related to this, I recently booked a pledge as a regular pledge but after reviewing all the language our accounting department has deemed this a conditional pledge and do not want a receivable on the books. I haven’t come across a “conditional” pledge transaction before.
>
> The want it coded like a bequest whereby we book the pledge but don’t feed it. I don’t currently have a pledge code to do this. Do I simply create a new pledge code in the same format as a bequest and label it conditional?
>
> Thanks,
> Janette
>
> Janette Koehn
> Fiscal Technician
> Development Office
>
> MILLERSVILLE UNIVERSITY
> P.O. Box 1002, Millersville, PA 17551-0302
> Phone: 717-871-7782 | Fax: 717-871-7530
>
Janette.Koehn@millersville.edu /
www.millersville.edu
> Have an impact. Make a gift today!
>
> From: Advancement Services Discussion List [mailto:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of John Taylor
> Sent: Tuesday, June 25, 2019 9:30 AM
> To:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG
> Subject: Re: [FUNDSVCS] Catastrophic Event Clause in Estate Plans
>
> CAUTION: This email originated from outside of Millersville. Do not click links or open attachments unless you recognize the sender and know the content is safe.
>
> All bequest expectancies are revocable. CASE already suggest counting them in the same bucket as conditional pledges. I would not alter the nature of the commitment. It is a revocable planned gift and not a conditional pledge. How you count it is still subject to your policy regarding revocable commitments and relevant determination by your campaign counting policy pertaining to those instruments.
>
> 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, Jun 25, 2019 at 9:07 AM Forrest, Aaron <
aaron.forrest@rochester.edu> wrote:
> Bequests are by their nature a dice roll, unconditional, and have no impact on the balance sheet receivable. Is the contingency that you ONLY get the $4M if there is a catastrophic event or the other way around - you will get $4M UNLESS there is a catastrophic event? If B, I think we would likely book here.
>
> Aaron
>
> Aaron Forrest CPA
> Senior Director Gift and Donor Services
> University of Rochester Office of Advancement
> Larry and Cindy Bloch Alumni and Advancement Center
> 300 East River Road
> Rochester NY 14627
> Office 585.275.2799 / Fax 585-273-4558
> Email
aaron.forrest@rochester.edu
>
>
> P Please consider the environment before printing this email.
> Confidentiality Notice: This message, including attachments may contain confidential information. Any unauthorized use, disclosure or distribution is prohibited.
>
>
Original Message-----
> From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Stacey Orme
> Sent: Tuesday, June 25, 2019 9:02 AM
> To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG
> Subject: [FUNDSVCS] Catastrophic Event Clause in Estate Plans
>
> Hi all,
>
> We have a major donor who has indicated that we are in the current iteration of his estate plan as a beneficiary should the family experience a "catastrophic event". We are wondering if any others have seen this type of clause and whether or not we should even enter it as a planned giving intention. The donor notes at this time it would be valued around $4M+ and we are currently in campaign so our staff is eager to know one way or the other.
>
> He is not currently a member our of planned giving society, but my current thinking is to have the family be listed as a part of it but value the gift at $0. Other thoughts are to enter it more as a "conditional pledge" and submit it to our Gift Acceptance Committee to rule on whether or not to count it. He has indicated the plans will be updated additionally as his family ages and the children leave the house.
>
> Thanks for your thoughts in advance.
>
> Best,
> Stacey
>
> Stacey V. Orme, M.L.S.
> Senior Director, Advancement Services
> Butler University
> Jordan Hall 007
> 4600 Sunset Avenue
> Indianapolis, IN 46208
> sorme@butler.edu