• Replies 4 replies
  • Subscribers 412 subscribers
  • Views 35 views
  • Users 0 members are here
Related

Family Foundation records

Former Member
Former Member $organization
(Sorry; this is the second of two separate questions I have.)
 
Hi all:
 
I am curious how other organizations keep track of family foundations for their individual donors.  Do you keep track of them with separate address information, or do you use another record entirely?
 
We discussed this in the past and a significant number of you use a two record method.
 
 
At City Center, we use two different records for an individual versus their foundation.  Money on a foundation check is entered on the family foundation record.  Donor advised funds get their own records as well, associated to the donors as well as the adminstering fund.  This method lets us know where money actually came from at all times.
 
But we have to be very careful when sending out any correspondence based on a contribution.  Many donors have little or no money in their records, so they don't pick up on all list criteria.  We must then depend on Memberships, manual constituencies, and associations.  It's tricky!
 
Our Finance office recently told us they dislike the two record method; they would rather we enter all gifts to be considered from the donor on the donor record.
 
Is this advisable?  If we go back to a one-record format, money stays where we want it to, soft-credits are always genuine gets, matching gifts, gift memberships---anything in green really is from another constituent.
 
Any advice would be appreciated, especially if any of you have a good case for using two records.  Thanks again!
 
-- Mike

____________________________________________________________ 
Michael Mariano  | Database Manager
New York City Center | 130 W. 56th Street | New York, NY 10019
Phone: 212.763.1255 | Fax: 212.247.4439 | Web: www.NYCityCenter.org

 
Parents Reply Children
No Data