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Installment Gifts

Eric Evenskaas
$organization

For anyone who accepts indefinite installment gifts (e.g. "Give us $10 each month on your credit until you tell us to cancel your pledge"), I'm curious if and how you book this as a pledge.

 

Do you assume a commitment for the current year and book a contribution receivable for $120 (for example), or do you record each installment payment as a new gift at the time of payment? 

 

Thanks in advance for your ideas.

 

-Eric Evenskaas

Steppenwolf Theatre

  • Former Member
    Former Member $organization

    I would book each installment as a new gift since the pledge amount would be conditional.

     

    Mark Frey

    404-733-5267

    mark.frey@woodruffcenter.org

    From: Tessitura Finance Forum [mailto:forums-finance@tessituranetwork.com] On Behalf Of Eric Evenskaas
    Sent: Monday, April 12, 2010 1:07 PM
    To: Mark Frey
    Subject: [Tessitura Finance Forum] Installment Gifts

     

    For anyone who accepts indefinite installment gifts (e.g. "Give us $10 each month on your credit until you tell us to cancel your pledge"), I'm curious if and how you book this as a pledge.

     

    Do you assume a commitment for the current year and book a contribution receivable for $120 (for example), or do you record each installment payment as a new gift at the time of payment? 

     

    Thanks in advance for your ideas.

     

    -Eric Evenskaas

    Steppenwolf Theatre




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