FundSvcs Community

Hi all,

As we approach Giving Tuesday, I ran into a situation where the organization has approved a matching gift to all donors who make a gift.  I realize this is not considered a gift, as you can't "gift" a donation to yourself.  The organization wants to move budgeted dollars into a fundraising "temp restricted" fund.  They want to match all donations given to alumni, faculty/staff. For example, if donors give a total of $20,000, the organization wants to match the $20,000 to demonstrate that $40,000 was received in total for Giving Tuesday.

Has anyone heard of this before, and is this even possible?  Our accounting/finance team is unsure how they would do this and asked me to ask Legal? 

Any insight would be appreciated.

Best,

Anna

Hi all,

As we approach Giving Tuesday, I ran into a situation where the organization has approved a matching gift to all donors who make a gift.  I realize this is not considered a gift, as you can't "gift" a donation to yourself.  The organization wants to move budgeted dollars into a fundraising "temp restricted" fund.  They want to match all donations given to alumni, faculty/staff. For example, if donors give a total of $20,000, the organization wants to match the $20,000 to demonstrate that $40,000 was received in total for Giving Tuesday.

Has anyone heard of this before, and is this even possible?  Our accounting/finance team is unsure how they would do this and asked me to ask Legal? 

Any insight would be appreciated.

Best,

Anna

Thanks John.  Yes, this is exactly what is happening, and is an internal match. 

That report that you sent to Finance so they could do a transfer from the funding source to the fund being matched.  I just want to confirm that you are not recording those transfers as a "gift", and you are not recording them in Raisers Edge. 

Our Finance team is suggesting their are Legal implications in doing this, and are hesitant to do so.

Anna

Hi all,

As we approach Giving Tuesday, I ran into a situation where the organization has approved a matching gift to all donors who make a gift.  I realize this is not considered a gift, as you can't "gift" a donation to yourself.  The organization wants to move budgeted dollars into a fundraising "temp restricted" fund.  They want to match all donations given to alumni, faculty/staff. For example, if donors give a total of $20,000, the organization wants to match the $20,000 to demonstrate that $40,000 was received in total for Giving Tuesday.

Has anyone heard of this before, and is this even possible?  Our accounting/finance team is unsure how they would do this and asked me to ask Legal? 

Any insight would be appreciated.

Best,

Anna

Thanks John.  Yes, this is exactly what is happening, and is an internal match. 

That report that you sent to Finance so they could do a transfer from the funding source to the fund being matched.  I just want to confirm that you are not recording those transfers as a "gift", and you are not recording them in Raisers Edge. 

Our Finance team is suggesting their are Legal implications in doing this, and are hesitant to do so.

Anna

Hi all,

As we approach Giving Tuesday, I ran into a situation where the organization has approved a matching gift to all donors who make a gift.  I realize this is not considered a gift, as you can't "gift" a donation to yourself.  The organization wants to move budgeted dollars into a fundraising "temp restricted" fund.  They want to match all donations given to alumni, faculty/staff. For example, if donors give a total of $20,000, the organization wants to match the $20,000 to demonstrate that $40,000 was received in total for Giving Tuesday.

Has anyone heard of this before, and is this even possible?  Our accounting/finance team is unsure how they would do this and asked me to ask Legal? 

Any insight would be appreciated.

Best,

Anna

Totally understand.  Thanks again

Anna

Thanks John.  Yes, this is exactly what is happening, and is an internal match. 

That report that you sent to Finance so they could do a transfer from the funding source to the fund being matched.  I just want to confirm that you are not recording those transfers as a "gift", and you are not recording them in Raisers Edge. 

Our Finance team is suggesting their are Legal implications in doing this, and are hesitant to do so.

Anna

Hi all,

As we approach Giving Tuesday, I ran into a situation where the organization has approved a matching gift to all donors who make a gift.  I realize this is not considered a gift, as you can't "gift" a donation to yourself.  The organization wants to move budgeted dollars into a fundraising "temp restricted" fund.  They want to match all donations given to alumni, faculty/staff. For example, if donors give a total of $20,000, the organization wants to match the $20,000 to demonstrate that $40,000 was received in total for Giving Tuesday.

Has anyone heard of this before, and is this even possible?  Our accounting/finance team is unsure how they would do this and asked me to ask Legal? 

Any insight would be appreciated.

Best,

Anna