Hello Development folk,
We are creating our Funds for some new Pledges. A common Pledge is to contribute to a special exhibition each year. Each exhibition has a separate Fund and GL.
Our challenge is how to enter a Pledge for a future year when the special exhibition is not known (so no Fund yet), but we are still accepting Pledges for the eventual exhibition.
My initial thought was to have a special Fund called Future Unannounced Exhibition Fund, and then adjust the Pledge when the exhibition is known and the GL/Fund exist.
However, changing the Fund for an existing Pledge seems not possible, and potentially not advisable.
How does your organisation manage similar scenarios?
Thanks all,
Nicholas
Hi Nicholas. At City Center we defer heavily to our Finance office. Any adjustments we would have to make in Tessitura would be changes they would have to make, too.
We currently have a fund for a future project that might change its name, but the fact that it is a unique fund will likely remain as is.
We have also in the past had programs start as part of another program before becoming its own thing in a second year. Our Finance office left that new program as is as part of the parent program's fund for the first year and changed nothing. So we did the same.
So basically create as many Future Unannounced Exhibition Funds as necessary, then re-name them instead of adjusting them.
-- Mike