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Posting Matching Gifts to a Different Fund

A. Rey Pamatmat
$organization

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Hey everyone,

 

Our Finance office would like us to explore posting Matching Gifts to a fund that matches the gift's actual source (e.g. a corporate or foundation fund) rather than posting it to where the gift it's matching is from (usually an individual fund). I'm not sure how to do this without severing the connection between the two actual gifts and turning a single lovely gift entry, into two annoying ones (with crediting and benefit applying and manual adjusting of Recog. Amts.).

 

Does anyone else out there put gifts and their matches into separate funds? Have you figured out a way of doing it without doubling entry?

 

Thanks in advance!

 

Rey

 

--

A. Rey Pamatmat

Tessitura Manager

The Public Theater

425 Lafayette Street

New York, NY 10003

(212) 539-8739

RPamatmat@PublicTheater.org

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  • $organization

    Hi Marie,

     

    Thanks, but that’s what I’m attempting to avoid – double entry for what was once a single entry. Also, this solution doesn’t account for matches that allow for membership benefits. You’d either have to adjust the Recog. Amt and the level by hand, or you’d have to set up a dummy campaign of match funds for each membership organization that would potentially receive matching gifts. Neither one of those solutions is particularly desirable.

     

    Do you get around membership benefits in some other way than the two described above?

     

    Rey

     

    From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Marie Kocher
    Sent: Tuesday, June 29, 2010 10:52 AM
    To: Rey Pamatmat
    Subject: RE: [Tessitura Development Forum] Posting Matching Gifts to a Different Fund

     

    Rey,

     

    We put our matching gifts in funds that say where the gift came from. If it is a corporate match from XYZ, Inc for the individual account of Mr. and Mrs. Smith, we enter the contribution on the corporate account and then soft credit the individual for which the match initially came from. The “hard credit” then appears as a contribution in XYZ, Inc’s account and then the soft credit appears as a green line on Mr. and Mrs. Smith’s account. Does that help?

     

    Marie Kocher

    Development Assistant

    Kansas City Ballet

    1616 Broadway

    Kansas City, MO  64108

    (816) 931-2232 x 1310

    www.kcballet.org

    From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of A. Rey Pamatmat
    Sent: Monday, June 28, 2010 3:53 PM
    To: Marie Kocher
    Subject: [Tessitura Development Forum] Posting Matching Gifts to a Different Fund

     

    Normal 0 false false false EN-US X-NONE X-NONE

    Hey everyone,

     

    Our Finance office would like us to explore posting Matching Gifts to a fund that matches the gift's actual source (e.g. a corporate or foundation fund) rather than posting it to where the gift it's matching is from (usually an individual fund). I'm not sure how to do this without severing the connection between the two actual gifts and turning a single lovely gift entry, into two annoying ones (with crediting and benefit applying and manual adjusting of Recog. Amts.).

     

    Does anyone else out there put gifts and their matches into separate funds? Have you figured out a way of doing it without doubling entry?

     

    Thanks in advance!

     

    Rey

     

    --

    A. Rey Pamatmat

    Tessitura Manager

    The Public Theater

    425 Lafayette Street

    New York, NY 10003

    (212) 539-8739

    RPamatmat@PublicTheater.org




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

Reply
  • $organization

    Hi Marie,

     

    Thanks, but that’s what I’m attempting to avoid – double entry for what was once a single entry. Also, this solution doesn’t account for matches that allow for membership benefits. You’d either have to adjust the Recog. Amt and the level by hand, or you’d have to set up a dummy campaign of match funds for each membership organization that would potentially receive matching gifts. Neither one of those solutions is particularly desirable.

     

    Do you get around membership benefits in some other way than the two described above?

     

    Rey

     

    From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Marie Kocher
    Sent: Tuesday, June 29, 2010 10:52 AM
    To: Rey Pamatmat
    Subject: RE: [Tessitura Development Forum] Posting Matching Gifts to a Different Fund

     

    Rey,

     

    We put our matching gifts in funds that say where the gift came from. If it is a corporate match from XYZ, Inc for the individual account of Mr. and Mrs. Smith, we enter the contribution on the corporate account and then soft credit the individual for which the match initially came from. The “hard credit” then appears as a contribution in XYZ, Inc’s account and then the soft credit appears as a green line on Mr. and Mrs. Smith’s account. Does that help?

     

    Marie Kocher

    Development Assistant

    Kansas City Ballet

    1616 Broadway

    Kansas City, MO  64108

    (816) 931-2232 x 1310

    www.kcballet.org

    From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of A. Rey Pamatmat
    Sent: Monday, June 28, 2010 3:53 PM
    To: Marie Kocher
    Subject: [Tessitura Development Forum] Posting Matching Gifts to a Different Fund

     

    Normal 0 false false false EN-US X-NONE X-NONE

    Hey everyone,

     

    Our Finance office would like us to explore posting Matching Gifts to a fund that matches the gift's actual source (e.g. a corporate or foundation fund) rather than posting it to where the gift it's matching is from (usually an individual fund). I'm not sure how to do this without severing the connection between the two actual gifts and turning a single lovely gift entry, into two annoying ones (with crediting and benefit applying and manual adjusting of Recog. Amts.).

     

    Does anyone else out there put gifts and their matches into separate funds? Have you figured out a way of doing it without doubling entry?

     

    Thanks in advance!

     

    Rey

     

    --

    A. Rey Pamatmat

    Tessitura Manager

    The Public Theater

    425 Lafayette Street

    New York, NY 10003

    (212) 539-8739

    RPamatmat@PublicTheater.org




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

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