We're moving to tracking our Donor Advised Funds as separate accounts and I'm wondering how many other organizations do this?
If you do, would you create a separate account for every DAF of Fidelity Investments for example or would you put every gift under one Fidelity record soft credited to each household/individual?
On the same line of thinking in terms of creditee types we're thinking "Foundation", "Corporation", and "DAF" Any other creditee types anyone else uses?
And finally would you ever soft credit more than one individual for the same gift?
Thank you!!!
-Marta
Hi Marta,
I can't speak to the v11 implications as yet, but we've definitely been doing this. We don't have separate accounts for each individual fund. Each gift gets processed through the account of whatever entity actually sent the money, (so we have one account for all money that comes in from Fidelity, one for Schwab, etc.) Our creditee types are more or less exactly what you have.
I don't think there's any situation where we would (deliberately) credit more than one person for the same gift. If you have custom lists or reports based on the soft credited amounts in t_creditee you definitely want to think carefully about what the implications of doing that might be. Generally if I'm pulling a list of donors at X level, I don't want the list to have more people on it than the number of gifts we received. It makes doing quick back-of-the-envelope analysis trickier.