Development and finance departments serve different yet critical functions within not-for-profit organizations. Typically, information flows in one direction — from development to finance. A two-way conversation about recognizing gifts can go a long way to streamline the needs of both departments and enhance the sharing of data. Highlighting key considerations to ensure a more unified approach to recording and reporting giving, this webinar explored areas including:

• When a promise is a gift, and when it is not
• The value of detailed donor communications and recordkeeping
• What a restriction is versus a condition, and how this can impact the “ask”
• Considerations about fundraising costs

Key takeaways:

• Learn the value of a well-crafted gift acceptance policy
• Discover how to assemble and train the proper development team
• Understand the different types of contributions and campaigns
• Effectively manage donor communications
• Carry out accounting for the cost of fundraising
• Recognize internal control implications
• Identify Form 990 and charitable registration implications 

Speakers:

• Brian J. Giganti - Partner, Citrin Cooperman
• Patti M. Collins - Advancement Professional

Watch the replay below: