Hello, Finance Gurus.
I am seeking advice regarding the use of Funds for planned gifts.
Does your organization restrict planned gifts to Endowment or Operating expenses? In either case, how are purpose restrictions handled - via separate Funds or Designation? Also, does your department differentiate between the various types of giving vehicles using Funds or within your financial tracking software?
From an organizational perspective, how do you communicate with your development staff in order to track the value and progress of planned gifts? Do you use the Planned Giving tab?
Thoughts on any or all of those questions would be very much appreciated!
Thank you,
Cate