Hi!
Is anyone’s organization tracking contributions designated for capital projects that are apportioned over a number of years to match the depreciation expense of these capital items? We are planning for a capital project where the costs will be spread over a number of years as depreciation expense once the project goes into service. Some of the gifts we anticipate to be significant and we don’t want those contributions to affect annual memberships. One initial thought was to create a separate campaign and membership structure for these gifts. Has anyone done that? Does anyone have a different way they are tracking contributions to capital projects?
Thanks
Jess Levy
San Francisco Opera
Hi Jess,
We are doing exactly that. We recently were awarded some money from the Arts Council in England to regenerate our Front of House area. As part of this we had to raise a certain amount of money ourselves. As part of this we've setup a specific campaign within Tessitura to track donations. One of the way's we've tried to encourage people to give is by setting up a standing order so they can give smaller amounts, regularly over a 4 year period. It was all relatively simple to setup, allowing for the restricted GL, and the separate constituency codes etc. The only real difficult we've had is that the pledge payment schedule function doesn't work very well (at all!) trying to calculate a payment schedule over 4 years, so the agent has to manually create this.