Happy Monday listers!
Do you, at your institution, give the donor $1,000 soft/recognition credit for the gift (our Foundation is forbidding us to do so)?
James Madison University
Assistant Vice-President, Advancement Information Services
We soft-credit the donor for the amount received. We have a giving society that starts at $1000. According to your example, the donor wouldn't be included unless they gave an additional $50. We can't control the fees the 3rd parties charge.
Donors seem to understand fees and we even have a few donors change the format in which they give to avoid or lessen fees.
Director of Advancement Services
100 N. East Avenue | Waukesha, WI 53186
I would love to recognize folks at the $1000 level, but how do I get $'s to reconcile? We are in RE. I've always wondered how to book this situation as $1000 when we only received $950. I'm not sure how to get our Business Office on board with this.
When an online gift is made, we were charged the fee. In this situation we aren't.
Any clarification would be wonderful. Sometimes, I think it's just using the correct language. I already know that I don't speak "Business Office" very fluently.
We would book this as a $950 gift with a $50 'non-gift,' called "3rd party processing fee." This non-gift doesn't feed to our Accounting system, and doesn't count in our campaign totals, but it is included in stewardship reports, so staff have the full picture and can choose to include that $50 in determining the appropriate donor level, etc.
Senior Director, Gift Management
University of Colorado Foundation
1800 Grant Street, Suite 725, Denver, CO 80203
To make a donation online, please visit giving.cu.edu