Power2give

Stacey:

When we have gifts with fees taken out, we simply enter the entire gift the donor gave as a credit and then debit the fees using a “Processing Fee” payment method. That way, we know how much the donor intended to give to our organization, but accounting is still happy since the totals match.

We use a different payment method for processing fees than for stock profit/loss, although I am certain you could use the same one.

Hope that helps!

--

Laine Kyllonen

Database Application Specialist

Science Museum of Minnesota

(651) 221-2515

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Stacey Bregenzer
Sent: Thursday, November 07, 2013 9:29 AM
To: lkyllonen@smm.org
Subject: [Tessitura Development Forum] Power2give

Hi Everyone,

We have just put a project on the crowd-funding site power2give.  I am trying to figure out how we are going to account for this in Tessitura with 12% of the gift being taken out.  Has anyone else done this?  Any tips you can share with me?  We are considering handling it the same way we handle stock: entering the value with Finance accounting for the difference between proceeds and value.  I would also love feedback on how other companies are handling the separate donor benefits.

Thanks for your help!

Stacey Bregenzer

Opera Theatre of Saint Louis

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

Stacey:

When we have gifts with fees taken out, we simply enter the entire gift the donor gave as a credit and then debit the fees using a “Processing Fee” payment method. That way, we know how much the donor intended to give to our organization, but accounting is still happy since the totals match.

We use a different payment method for processing fees than for stock profit/loss, although I am certain you could use the same one.

Hope that helps!

--

Laine Kyllonen

Database Application Specialist

Science Museum of Minnesota

(651) 221-2515

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Stacey Bregenzer
Sent: Thursday, November 07, 2013 9:29 AM
To: lkyllonen@smm.org
Subject: [Tessitura Development Forum] Power2give

Hi Everyone,

We have just put a project on the crowd-funding site power2give.  I am trying to figure out how we are going to account for this in Tessitura with 12% of the gift being taken out.  Has anyone else done this?  Any tips you can share with me?  We are considering handling it the same way we handle stock: entering the value with Finance accounting for the difference between proceeds and value.  I would also love feedback on how other companies are handling the separate donor benefits.

Thanks for your help!

Stacey Bregenzer

Opera Theatre of Saint Louis

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!