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.