Need to be able to apply gift to a planned gift on another record
Currently, our organization creates a "planned gift" (using the planned giving module) on a constituent record when they indicate that they would like to make a gift. This doesn't mean we will ever get any money. Neither does a letter of intent for that matter.
It's our policy that an "individual" makes gifts and can alert us to a planned gift, but we create organizational records for the actual estate when the money comes in. We don't want to make estate records until an individual dies - so we don't put the planned gift on the estate record we put it on the individual. Like I said, you never really know if you'll get any money, so why make the records until you need them? But when the money comes in we can't apply it to the individual's planned gift.
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Guest
- Jul 19 2012
Related ideas
This continues to be an issue for organization. It is extremely difficult to review metrics when estate gifts cannot be applied to a planned gift in another record. We have the ability with pledges, we should have the ability for planned gifts.
It would be beneficial to see if we have received the realized amount or excess money applied to the planned gift.
I've heard that users are getting rid of their Planned Giving module for this very reason. Blackbaud, you should fix this.
A workaround that I literally just processed this morning.
Background: married couple had a planned gift that we received only when the second passed away. The original PG was entered on the wife (who passed first), and the husband had soft credit.
In batch, I entered the wife and applied the money to the PG on her record and proceeded to the next line. Then I just went back and changed the hard credit donor to the husband, made sure the wife had soft credit and crossed fingers through committing the batch.
It worked; even shows a red check mark on the Realize Revenue on the original PG .
Would still rather have a "load planned gift from" option like pledges...
We have the same problem; our estates are organization records. A Planned Gift record should work like a pledge so you can post a gift from one constituent to another.
Totally agreed. In our case, as a Canadian charity, we often need to issue a tax receipt to the estate, so the cash gift really needs to reside in the organizational estate record. But it would be misleading (and morbid!) to create an estate record before the donor is deceased. Thus we track the planned gift (i.e., the promise of the gift) in the individual's record. Unfortunately, if we have the Planned Gift in one record, and the cash gift in another, then it is not possible to make use of the "Realized Revenue" option in the Planned Gift. It should indeed work like a pledge, where you can apply the gift from one record to the Planned Gift in another.
I totally agree. Not to mention it was suggested by our blackbaud trainer via a recent webinar for the planned gift module that the best practice is to create a seperate org record for the trust or estate when the gift comes in. But then I realized that if you do that then you run into the issue not being able to link the gift to the planned gift. This is an important issue that needs to be fixed for the module to work the way it was intended and to follow best practices in gift entry.
Nicole - thanks placing this post. I would love to see this happen. It's such a frustration that we cannot apply a planned gift to another's record.
Susan Maida-Church
Foundation for Physical Therapy
We have this precise problem. I am curious to know what you all are doing as a work around?
That's exactly why we don't used the planned gifts in RE. We use proposal records on the individuals record to indicate bequests. And when the gift comes in we create an Estate of record & link it back as a relationship, and also link the gift to the proposal record to show funded. This is working well for us.