Error: Data could not be saved. Attempting to set a non-NULL-able column's value to NULL." when adding a Purpose and Designation"

Using the Add a purpose and designation wizard in the Fundraising functional area, you can add a purpose and designation and map it to the General Ledger.  When adding the mapping and saving, the error “Data could not be saved. Attempting to set a non-NULL-able column’s value to NULL.” is thrown.
Download and install the latest version and patch if applicable.
 

Environment

 Blackbaud CRM
 3.0
 4.0
 3.0.516.64

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