FundSvcs Community

You add the original funds given as the planned gift; the variances are recorded as NPV and Remainder value, which is what you expect to receive when all is said and done. Further, when you select the charitable annuity as the giving vehicle option then the Planned Gift tab opens new values that are appropriate to managing gift annuities. 

$250,000 is the 'original' gift given. Receipt amount is the charitable deduction for the donor. Each FY we update the Remainder and NPV Values. 

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Cameron Alzubi
Director, Gift Administration
Illinois Institute of Technology
calzubi@iit.edu
giftadmin@iit.edu

Original Message:
Sent: 10-04-2021 07:34 AM
From: Jeremy Ball
Subject: Recording a CGA in Raiser's Edge

I am interested in learning about how other institutions, that use Raiser's Edge, handle recording the different components of a CGA. Specifically, we are looking into what to do with the original funds used to create the CGA. Should we record that in Raiser's Edge or should that be a function handled outside of RE. We do have the planned gift module and will be creating a PG to record the CGA and anticipate recording the funds that are ultimately received when the gift is realized at completion. But, there is question about what to do with the original funds. Any insight you can provide is appreciated.

Thank you,

Jeremy
__________________________________________

------------------------------
Jeremy Ball
Assistant Vice President for Advancement Services
Bowling Green State University
jdball@bgsu.edu
------------------------------

Thanks--this was very helpful. As a follow up question, what is the amount of the credit given to the gift officer? Also, what amount is shared with finance/recorded on the general ledger and counted in fundraising totals? Are you using the gift amount or the charitable deduction amount?

Thanks!

Ryan

You add the original funds given as the planned gift; the variances are recorded as NPV and Remainder value, which is what you expect to receive when all is said and done. Further, when you select the charitable annuity as the giving vehicle option then the Planned Gift tab opens new values that are appropriate to managing gift annuities. 

$250,000 is the 'original' gift given. Receipt amount is the charitable deduction for the donor. Each FY we update the Remainder and NPV Values. 

------------------------------
Cameron Alzubi
Director, Gift Administration
Illinois Institute of Technology
calzubi@iit.edu
giftadmin@iit.edu

Original Message:
Sent: 10-04-2021 07:34 AM
From: Jeremy Ball
Subject: Recording a CGA in Raiser's Edge

I am interested in learning about how other institutions, that use Raiser's Edge, handle recording the different components of a CGA. Specifically, we are looking into what to do with the original funds used to create the CGA. Should we record that in Raiser's Edge or should that be a function handled outside of RE. We do have the planned gift module and will be creating a PG to record the CGA and anticipate recording the funds that are ultimately received when the gift is realized at completion. But, there is question about what to do with the original funds. Any insight you can provide is appreciated.

Thank you,

Jeremy
__________________________________________

------------------------------
Jeremy Ball
Assistant Vice President for Advancement Services
Bowling Green State University
jdball@bgsu.edu
------------------------------

Thanks--this was very helpful. As a follow up question, what is the amount of the credit given to the gift officer? Also, what amount is shared with finance/recorded on the general ledger and counted in fundraising totals? Are you using the gift amount or the charitable deduction amount?

Thanks!

Ryan

You add the original funds given as the planned gift; the variances are recorded as NPV and Remainder value, which is what you expect to receive when all is said and done. Further, when you select the charitable annuity as the giving vehicle option then the Planned Gift tab opens new values that are appropriate to managing gift annuities. 

$250,000 is the 'original' gift given. Receipt amount is the charitable deduction for the donor. Each FY we update the Remainder and NPV Values. 

------------------------------
Cameron Alzubi
Director, Gift Administration
Illinois Institute of Technology
calzubi@iit.edu
giftadmin@iit.edu

Original Message:
Sent: 10-04-2021 07:34 AM
From: Jeremy Ball
Subject: Recording a CGA in Raiser's Edge

I am interested in learning about how other institutions, that use Raiser's Edge, handle recording the different components of a CGA. Specifically, we are looking into what to do with the original funds used to create the CGA. Should we record that in Raiser's Edge or should that be a function handled outside of RE. We do have the planned gift module and will be creating a PG to record the CGA and anticipate recording the funds that are ultimately received when the gift is realized at completion. But, there is question about what to do with the original funds. Any insight you can provide is appreciated.

Thank you,

Jeremy
__________________________________________

------------------------------
Jeremy Ball
Assistant Vice President for Advancement Services
Bowling Green State University
jdball@bgsu.edu
------------------------------