Posting Matching Gifts to a Different Fund

Hi Amber,

Thanks for that, but as I said to Marie, I’m looking for a way that uses Tessitura’s existing matching gift entry structure but allows the gift to go into a different fund than the one that gift being matched is going into. The key here is to keep the single simple entry and avoid double entry.

Rey

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Amber Albert
Sent: Tuesday, June 29, 2010 4:44 PM
To: Rey Pamatmat
Subject: Re: [Tessitura Development Forum] Posting Matching Gifts to a Different Fund

Hello,

We process matchings gifts to the campaign and fund for which it was intended.  Each company we receive matching gfits from has it's own record in Tessitura.  We then soft credit the matching gift to the intended constituent, which shows as a green line in their contributions tab.  Membership benefits are allocated correctly.  I asked our gift entry guru and she said she uses "gift membership" for matching gifts.  There is some pretty extensive documentation on memberships that I believe covers soft credits that you should check out.

So, in our model..
- Donor A makes a gift of $100.
- Company A matches that gift at 50%.
- Donor A has a membership at the $150 level.  One gift ($100 from donor) shows as a regular cont.  The other gift ($50 from Company A) is green in the cont. tab.

Our recognition is tied to membership, so it works properly for us, but even if your recognition is not linked, I would think that it should still work correctly.

We used to book the money the way that you have explained, but our Finance Dept. and auditors asked us to change to be in alignment with accounting standards.  So now, regardless of who the money is intended for, contributions are booked to the record reflecting the entity making the gift.  Even in the case of family foundations, community foundations, regular foundations, corporations, donor's who own their companies, gifts from parent's to children, etc., we book the money to the record of the entity who has written the check, provided the credit card, etc., and soft credit.  Thus far, we have run into a few snafoo's (mostly in Board finance reporting), but in large part have been very pleased in our ability to more accurately track where money is coming from, and who it is going to.

Hope that helps,

Amber

Hi Amber,

Thanks for that, but as I said to Marie, I’m looking for a way that uses Tessitura’s existing matching gift entry structure but allows the gift to go into a different fund than the one that gift being matched is going into. The key here is to keep the single simple entry and avoid double entry.

Rey

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Amber Albert
Sent: Tuesday, June 29, 2010 4:44 PM
To: Rey Pamatmat
Subject: Re: [Tessitura Development Forum] Posting Matching Gifts to a Different Fund

Hello,

We process matchings gifts to the campaign and fund for which it was intended.  Each company we receive matching gfits from has it's own record in Tessitura.  We then soft credit the matching gift to the intended constituent, which shows as a green line in their contributions tab.  Membership benefits are allocated correctly.  I asked our gift entry guru and she said she uses "gift membership" for matching gifts.  There is some pretty extensive documentation on memberships that I believe covers soft credits that you should check out.

So, in our model..
- Donor A makes a gift of $100.
- Company A matches that gift at 50%.
- Donor A has a membership at the $150 level.  One gift ($100 from donor) shows as a regular cont.  The other gift ($50 from Company A) is green in the cont. tab.

Our recognition is tied to membership, so it works properly for us, but even if your recognition is not linked, I would think that it should still work correctly.

We used to book the money the way that you have explained, but our Finance Dept. and auditors asked us to change to be in alignment with accounting standards.  So now, regardless of who the money is intended for, contributions are booked to the record reflecting the entity making the gift.  Even in the case of family foundations, community foundations, regular foundations, corporations, donor's who own their companies, gifts from parent's to children, etc., we book the money to the record of the entity who has written the check, provided the credit card, etc., and soft credit.  Thus far, we have run into a few snafoo's (mostly in Board finance reporting), but in large part have been very pleased in our ability to more accurately track where money is coming from, and who it is going to.

Hope that helps,

Amber