Capital Projects

Gosh, I’ve never heard of tying the recognition of fundraising income to a depreciation schedule. I believe (from an accounting standpoint) that you have to set up the INCOME side to show the full pledge in the year in which it was made as income, with an offsetting receivable to match either pledge payments or time restrictions. The EXPENSE (depreciation) side is normally straight line over x number of years, regardless of when the money comes in to pay for the asset in question, and is tracked in your accounting software, not in Tessitura.

If you don’t want gifts to a capital campaign to affect memberships, then you simply set up a new, multi-year campaign separate from your membership structure.

_______________

Julie P. Hamre

Finance/Development Associate

Strathmore Hall Foundation, Inc.

5301 Tuckerman Lane

North Bethesda, MD  20852-3385

301.581.5136; fax 301.581.5201

in office Monday-Tuesday-Thursday

www.strathmore.org

Support what you love. Strathmore Stars enjoy

10% off Strathmore performance tickets, advance

ticket purchase, discounts in the Shops at

Strathmore and in Tea Room, and access to special events.

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!

Gosh, I’ve never heard of tying the recognition of fundraising income to a depreciation schedule. I believe (from an accounting standpoint) that you have to set up the INCOME side to show the full pledge in the year in which it was made as income, with an offsetting receivable to match either pledge payments or time restrictions. The EXPENSE (depreciation) side is normally straight line over x number of years, regardless of when the money comes in to pay for the asset in question, and is tracked in your accounting software, not in Tessitura.

If you don’t want gifts to a capital campaign to affect memberships, then you simply set up a new, multi-year campaign separate from your membership structure.

_______________

Julie P. Hamre

Finance/Development Associate

Strathmore Hall Foundation, Inc.

5301 Tuckerman Lane

North Bethesda, MD  20852-3385

301.581.5136; fax 301.581.5201

in office Monday-Tuesday-Thursday

www.strathmore.org

Support what you love. Strathmore Stars enjoy

10% off Strathmore performance tickets, advance

ticket purchase, discounts in the Shops at

Strathmore and in Tea Room, and access to special events.

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!