We are looking for a good way to track contributions made from an IRA. Does anyone have a way of doing this that they would recommend? We are wondering if it makes sense to set up a new "creditee type" and enter them similarly to the way we treat contributions from donor advised funds - has anyone tried this?
I have seen both Channel and Payment Method used to track qualified charitable distributions from IRA accounts, both to reasonable success. There was talk at my former organization of using the soft credit process, but we found that it led to increased confusion about the receipting requirements of those gifts.
We use a custom contribution field to track this along with other planned gift instruments. We have a custom contribution report that exports the custom fields so we can drill down as needed.
At San Francisco Opera we have creditee types specific to IRA's and treat them the same as we do DAF's. Happy to talk through our process if you would like.
As this is actually a contribution from the individual, it is quite different than a contribution via a DAF. I can see possibly using a unique channel, acknowledgement type or custom field, but a creditee type sounds to me like you would not be giving hard/legal credit to the individual.
We track it on the Custom Data tab