It depends on the language in the award letter. They could be booked as an
outright pledge. However, if the letter has wiggle room - indicating their
easy ability to revoke - then it is a conditional pledge at best and
usually not something you can book on the GL or count in fundraising totals.
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 Mon, Jul 1, 2019 at 2:04 PM Kiser, Kate <
kkiser@iuhealth.org> wrote:
> Hi there.
>
>
> I’m gathering information for our team on typical practice for recording
> grant award letters of intent – do you record in your database as a pending
> commitment, a different way, or not at all? Happy to be directed to a
> resource or other body of work on this topic as well, but I appreciate any
> personal insight as well. We’re a Raiser’s Edge NXT shop that utilizes the
> prospect module and opportunity entry.
>
>
>
> Thanks in advance for your assistance.
>
> Kate
>
>
>
> Kate Kiser
>
> Director, Development Operations
>
> IU Health Foundation
>
> 317.962.9304 *|*
kkiser@iuhealth.org <
khord@iuhealth.org>
>
>
www.iuhealthfoundation.org
>
>
>