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  • 1.  Best Practice for Corporate Records and Relationships

    Posted 03-17-2025 09:46 AM

    Hi,
    We are working on a corporate record clean-up project. I have checked the knowledgebase but cannot find what I am looking for. I am curious how other organizations set-up their business/corporate constituents. Specifically, companies that have franchises and companies that are an umbrella company with several subsidiaries. I would love to hear feedback on how our peers handle these relationships and recognition credits as well of any "best practice" advice. 



    ------------------------------
    Karry Morton
    Director, Gift Services
    Children's Hospital Colorado Foundation
    kmorton@children's Colorado Foundation
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  • 2.  RE: Best Practice for Corporate Records and Relationships

    Posted 03-17-2025 10:14 AM
    You will find a smidgen of this in the Recognition Credit Best Practice.

    The short version is that you should establish "parent/subsidiary" relationships for these whenever you know there is a legal relationship between the entities. Typically, when a subsidiary makes a legal contribution, the parent receives soft credit. This allows you to see the overall financial contributions the entire relationship makes in one place.

    However, when the "parent" makes a gift, the subsidiaries do not receive any credit.

    It gets interesting when a third party, such as Benevity (American Online Giving Foundation), is involved. In that case, you usually do not link AOG as a parent/subsidiary - they are an independent DAF. When they make a gift, they receive legal credit. Soft credit goes to the corporation. However, if you know that the original donor is a subsidiary of a parent organization, you might be inclined to gift soft credit (manually) to both the parent and the subsidiary - as well as the original employee!

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: Best Practice for Corporate Records and Relationships

    Posted 03-17-2025 11:39 AM

    Thank you John, I just can't find where the Recognition Best Practice lives on the ASSP website

     

    The information you gave me is very helpful and aligns with what I was thinking.

     

    Karry Morton | Director, Gift Services
    Children's Hospital Colorado Foundation
    13123 East 16th Avenue, Box 045 | Aurora, CO 80045
    Phone: 720-777-1742 | Cell: 720-323-3305


    SupportChildrensColorado.org | FacebookInstagramLinkedIn

     

     

    From fixing broken bones to treating pediatric cancer, your generosity helps us serve Children's Hospital Colorado patients and families who depend on us every day. Donate today.

     

    If you would like to opt-out of communications from Children's Colorado Foundation, please email info@childrenscoloradofoundation.org or call 720-777-1700.

     

    CONFIDENTIALITY NOTICE: The information contained in this message is legally privileged and confidential information intended only for the use of the individual or entity named above. Any release, dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this message in error, please notify the author immediately by replying to this message and delete the original message. Thank you.

     






  • 4.  RE: Best Practice for Corporate Records and Relationships

    Posted 03-17-2025 11:49 AM
    The former "best practice" documents are now stored within the "Knowledge Base." aasp is reimagining this section of the website - and the process for placing material there. However, you can still find those documents here:


    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987







  • 5.  RE: Best Practice for Corporate Records and Relationships

    Posted 03-19-2025 01:03 PM

    We've done similar to what John suggests at previous organizations, establishing one record as the Primary and rolling any subsidiaries (or different locations) up to the main corporate record.  This is especially helpful when differentiating a gift from the parent company or one of its subsidiaries, as you can often receive contributions from both.

    For the Benevity piece you mention, John, we handle that differently as Benevity is merely acting as a facilitator for global giving and does not receive any legal credit for contributions they distribute on behalf of their Foundation partners.  Instead, we credit the Foundation partners directly, as instructed by Benevity, so in our case, the American Online Giving Foundation would receive credit (not Benevity).  The same is true for any other distributions we receive from any of their other Foundation partners, such as the UK Online Giving Foundation.  For the Foundation partners, we have a note added to their records to indicate that their gifts are distributed through Benevity.



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    Taylor Dine
    Trust for Public Land
    taylor.dine@tpl.org
    ------------------------------



  • 6.  RE: Best Practice for Corporate Records and Relationships

    Posted 03-19-2025 01:07 PM
    You and I are saying the same thing. AOG receives hard credit, not Benevity.

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987







  • 7.  RE: Best Practice for Corporate Records and Relationships

    Posted 03-19-2025 01:10 PM

    Thank you Taylor!

     

    Karry Morton | Director, Gift Services
    Children's Hospital Colorado Foundation
    13123 East 16th Avenue, Box 045 | Aurora, CO 80045
    Phone: 720-777-1742 | Cell: 720-323-3305


    SupportChildrensColorado.org | FacebookInstagramLinkedIn

     

     

    From fixing broken bones to treating pediatric cancer, your generosity helps us serve Children's Hospital Colorado patients and families who depend on us every day. Donate today.

     

    If you would like to opt-out of communications from Children's Colorado Foundation, please email info@childrenscoloradofoundation.org or call 720-777-1700.

     

    CONFIDENTIALITY NOTICE: The information contained in this message is legally privileged and confidential information intended only for the use of the individual or entity named above. Any release, dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this message in error, please notify the author immediately by replying to this message and delete the original message. Thank you.