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Corporate Entity Records

  • 1.  Corporate Entity Records

    Posted 16 days ago
    Question on how each of you handle certain corporate records.  We have a bank that we receive donations from multiple branches.  Do you keep that under one entity (we use Advance) or separate entities and link via the corporate Hierarchy? In the past, if the check had the same name, but different address our GP department would automatically create a new entity.  We are now trying to clean up and consolidate.  Any guidance or thoughts would be much appreciated!  Thank you! Kelin

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    Kelin Queen
    Director of Bio and Gift Records
    LSU Foundation
    kqueen@lsufoundation.org
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  • 2.  RE: Corporate Entity Records

    Posted 16 days ago
    Using Advance, I prefer to use the corporate hierarchy - creating individual records for each location we have a relationship with.  When I make that record, I link it to the corporate headquarters, as well as the matching gift entity if different.  And, when using Advance, I relate that branch to the "parent" record in a way that gives the parent record soft-credit for all legal gifts made by the other location.

    Doing all this makes it easier in Advance to manage individual relationships - especially if they are spread throughout the country - while still seeing the "big picture" of total corporate philanthropy.

    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