We are in the process of planning out our Endowment Campaign strategy - prospecting, wealth screening, plans, workers, etc. Has anyone tracked a campaign like Endowments in Tessitura? I am looking for any and all help - from Campaign, Fund, Appeal structure, to the financial side of things, to anything really.
Any and all help is appreciated.
Marie,
We just finished a endowment campaign and I'm happy to share how we track them. We created a few funds, mostly for permanently restricted, temporarily restricted, and unrestricted. Then we created a campaign for each season. Our campaign covered the 16 and 17 season and finance wanted us to book the endowments in a specific fy campaign. For appeals we broke that down into five appeals, again, based on what finance wanted to see. They were restricted, unrestricted, bequest, chair naming and Vision 125 (money with a very specific purpose).
When we received notice that someone would be endowing whatever is was they were going to endow, we created a plan to track that relationship. If it was just a pledge that someone intended on paying over a number of years, we entered it like any other pledge. We do use a specific payment method of endowment so that finance is flagged to the fact it's money that needs to be moved into our endowment accounts.
Hope this is helpful, let me know if I can answer any other questions.
Melissa