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Re: How to handle Charitable Gift Fund checks?

  •  08-24-2009, 9:43 AM

    Re: How to handle Charitable Gift Fund checks?

    We also receive multiple members who donate through gift funds, foundations and stock donations.  We treat all of these gifts the same and process these as a non-cash gift.  We also send a letter acknowledging the gift.  By processing the gifts as a non-cash, allows the donor to know that we received the funds on their statement (no dollar amount is shown) and the funds will post to the designations they have directed.  We currently are in the middle of a pledge drive and entering these as a non-cash gift reduces the pledge commitment if they have directed the gift to their pledge.  This also allows for proper lead staff reports when needed.  If the charitable organization sends tax information that is the documentation they will use for tax purposes.
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