|
|
|
The following explains some of the terms and concepts used in Development.
What is a fund?
A fund is the 'umbrella' under which donations are treated for taxation and distribution purposes. A fund determines where money raised in an appeal is to be used in the organisation. Any money raised from an appeal can be contributed to a fund.
Note: There are different taxation regulations for schools and for universities.
The following examples are funds commonly used in educational organisations, with different tax deductibility:
Fund |
Tax deductibility status |
|---|---|
School building fund |
Tax deductible. |
Endowment fund |
May not be tax deductible. |
Scholarships fund |
May not be tax deductible. |
Library fund |
Tax deductible. |
What is a pledge?
A pledge is a promise to donate money to your organisation.
Once a pledge is fulfilled, it becomes a donation. A partially fulfilled pledge remains a pledge until it is fulfilled.
What is an appeal?
You can have general fundraising programs and fundraising programs for a specific reason. The specific programs are known as appeals.
Appeals are the way in which you differentiate between the fund raising programs within your organisation.
Appeals are time-based and the money raised from an appeal must be contributed to funds.
For example:
Constituency
Donors in Synergetic belong to the @ZDN constituency.
Last modified: 20/12/2016 3:36:43 PM
|
See Also Maintaining donors and prospects |
© 2017 Synergetic Management Systems. Published 20 July 2017.
