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
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!)