Hello all, This time of year many organizations are still managing the challenges of saving envelopes, back-dating (!) contributions, or trying to ascertain a "gift date" when, in fact, this practice is not an IRS requirement and has been out of favor for quite some time. Attached is a document prepared and shared annually via fundsvcs.org by a well-known gift administration expert providing guidance for how to move past this out-dated practice. FYI The LA Phil hasn't saved envelopes or used post-marks for 3 years and I would be happy to chat with anyone about how to make this change. Happy New Year! Anita
2018_date_of_gift_summary.pdf
Great information! Thanks Anita!
Lots of us users are in countries which follow different regulations. In Canada, the legal gift date according to Canada Revenue Agency is the date post-marked on mailed gifts. We are struggling with the need to back-date contributions - we converted from Raiser's Edge which allowed us to do that so we are using a lot of work-arounds right now. (If any orgs in the same boat have suggestions, would love to get some better ways to do things!)