Capital Projects

Yes we have a separate Capital campaign (that is not part of membership) and fund codes.   You can make the fund codes as elaborate as you wish but we stayed with simple an unrestricted and restricted code.   For the Restricted code we used designation to indicate the restriction.  This helps Finance know how to assign any other GLs to the gift.    The gift is temp restricted until Finance request release of funds.   Note this also means this is not an annual campaign since gift/pledges may come in one year and used several years down the road

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

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Yes we have a separate Capital campaign (that is not part of membership) and fund codes.   You can make the fund codes as elaborate as you wish but we stayed with simple an unrestricted and restricted code.   For the Restricted code we used designation to indicate the restriction.  This helps Finance know how to assign any other GLs to the gift.    The gift is temp restricted until Finance request release of funds.   Note this also means this is not an annual campaign since gift/pledges may come in one year and used several years down the road

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

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!