• Replies 4 replies
  • Subscribers 412 subscribers
  • Views 89 views
  • Users 0 members are here
Related

Elevated Event - Associated Fund functionality

Katherine Chien
$organization

Hello Development folks, 

Our organisation is in the process of setting up an Elevated Event for an upcoming Gala that is both a fundraising event as well as an auction. Part of the ticket price is a tax-deductible donation towards a particular fund that supports emerging musicians. The problem is, that particular fund is already tied to its own general annual campaign.

Is there a way to associate this existing fund with the newly created Gala Elevated Event?

I understand the reasoning behind why one fund is associated with one campaign however was not sure why an Elevated Event couldn't be set up so that donations received can be attributed to an existing fund that is tied to another campaign.

Perhaps I'm setting this up wrong? Any advice would be greatly appreciated.

Thanks so much,

Katherine

 

Parents
  • $organization

    Thanks Marie, Beth and Levi for your suggestions. It would seem that everyone sets up multiple funds with the same GL to resolve the issue.

    I was hoping not to create yet another fund in Tessitura but instead report on the proceeds received from this event via Appeals and the use of source codes generated when the invitation was sent. The 'Revenue by Source & Appeal Report' would be be used in this case.

    Thanks Beth for sending through the thread link:

    Normal 0 false false false EN-AU X-NONE X-NONE

    http://www.tessituranetwork.com/Community/forums/p/10432/32333.aspx

    I do like Mike's (from New York City Centre) suggestion of using Start and End dates therefore as this Elevated Event is a Campaign, perhaps I should dis-associate the fund from the over-arching annual campaign and then re-associate once the Gala is finished. And, for donations received between now and then that isn't Gala related will be manually processed with the fund re-associated with the annual campaign. I know it's messy but hopefully this will be manageable.

    I don't think creating multiple funds for the same effort will work for our organisation. Our Finance team prefers us to use Designations as an alternative and I can imagine reporting retrospectively would be a nightmare in years to come if there were multiple funds that were both active and inactive. (Perhaps this is just my paranoia and welcome being told otherwise!)

    Cheers,

    Katherine

Reply
  • $organization

    Thanks Marie, Beth and Levi for your suggestions. It would seem that everyone sets up multiple funds with the same GL to resolve the issue.

    I was hoping not to create yet another fund in Tessitura but instead report on the proceeds received from this event via Appeals and the use of source codes generated when the invitation was sent. The 'Revenue by Source & Appeal Report' would be be used in this case.

    Thanks Beth for sending through the thread link:

    Normal 0 false false false EN-AU X-NONE X-NONE

    http://www.tessituranetwork.com/Community/forums/p/10432/32333.aspx

    I do like Mike's (from New York City Centre) suggestion of using Start and End dates therefore as this Elevated Event is a Campaign, perhaps I should dis-associate the fund from the over-arching annual campaign and then re-associate once the Gala is finished. And, for donations received between now and then that isn't Gala related will be manually processed with the fund re-associated with the annual campaign. I know it's messy but hopefully this will be manageable.

    I don't think creating multiple funds for the same effort will work for our organisation. Our Finance team prefers us to use Designations as an alternative and I can imagine reporting retrospectively would be a nightmare in years to come if there were multiple funds that were both active and inactive. (Perhaps this is just my paranoia and welcome being told otherwise!)

    Cheers,

    Katherine

Children
No Data