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Campaign Counting - Revocable Planned Gifts

  • 1.  Campaign Counting - Revocable Planned Gifts

    Posted 18 days ago
    I am curious how others account for revocable planned gifts in a campaign. Specifically, if a planned gift is committed during the campaign, and then matures during the campaign at a lower dollar amount than was originally committed, do you then go back and edit the original commitment to reflect the amount received? So, if a donor committed to a $1M bequest that was counted in the campaign, then the donor passed, and the realized bequest was only $500k. I know many do not count revocable planned gifts, but have made the decision to include them (while of course stating what is revocable vs. an outright gift or pledge). For reference, we use RE NXT.

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    Ashley Keene

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  • 2.  RE: Campaign Counting - Revocable Planned Gifts

    Posted 18 days ago
    The most common approach I have observed follows the institution's pledge write-off protocol.  If you know you are not going to receive any more than you have, you reduce the expectancy to the actual amount.  To count anything more would not be ethical as you know that it is impossible for you to realize the remainder.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987