Every gift you enter in The Raiser's Edge must have a gift type. Because the gift information you enter affects acknowledgements, reports, and constituent giving histories, it is important that you classify your gifts accurately and consistently. Gift types are pre-determined in The Raiser's Edge so users are unable to remove, modify, or add gift types. If you would like to include additional information for the type of gift being added, create a gift subtype.Gifts can be added manually, in a gift batch, or through Import .
For a list of all the gift types in The Raiser's Edge, please refer to What are the gift types available in The Raiser's Edge?
When a new gift is created, the following gift types can be specified:
- Cash gifts include cash, credit card, check, debit card, and direct debit gifts. A cash gift can be a donation to your organization or a payment toward an existing pledge or recurring gift.
- A pledge is a promise to make a donation; however, it is not a legally binding agreement. Pledges can be paid in single or multiple payments, called installments. For example, a constituent may pledge to give your organization $100. Later in the month, the constituent sends a check for $100 to pay the pledge. A pledge paid in a single installment is referred to as a regular pledge. A pledge with multiple installments, such as a pledge to give your organization $50 each month for a year, is called a master pledge. Some reports give you the option to include the master pledge or the pledge installments.
- A gift-in-kind is a donation of goods or services for which you can easily assign a monetary value. Some examples of gifts-in-kind include furniture, computer equipment, and time donated by an accountant.
- When a constituent donates stock or property, such as 100 shares of IBM stock or an estate, classify the gift as stock/property. The Sell Stock/Property menu option is enabled so you can easily convert the stock or property gifts to cash when you sell them and record the broker fee.
- You can classify miscellaneous donations that do not fall under one of the previous gift types as an other gift. You can use the Reference or Gift Subtype fields on the Gift tab or the Gift Code field on the Miscellaneous tab to further define other gifts.
- Recurring Gift
- When a constituent donates a recurring gift (for example, $20 every 2 weeks), most, if not all, of the gift records will contain the same information. To automate the process of creating many similar cash gift records for a donor, you can use a Recurring Gift template. Recurring gifts are similar to pledges, in that you should add them once on the constituent's Gift tab. To apply a gift toward an existing recurring gift, select Gift, Apply to, Recurring gift from the menu bar of the gift record. Recurring Gifts can be generated automatically in a gift batch by selecting Tools, Automatically Generate Transactions/Payments if the EFT module is present.
- Planned Gift
- The Planned Gift type is only available with the RE:PlannedGiftTracker module. Use the Planned Gift type to add gift records for your organization's planned giving, including information specific to numerous types of planned gift vehicles. You can record both the initial gift value and the gift's remainder value, store basic payout information for applicable gift vehicles, and keep track of multiple beneficiaries and relationships for a planned gift. In addition, when a planned gift consists of one or more assets, such as stock or property, you can itemize the assets. For more information, refer to How to track (add and realize) planned gifts.