FOUNDATION MATCHING GIFTS

 

An entity called Foundation Matching Gifts was implemented as part of the March 2023 release.

VIEW ON GIFT PAYMENTS

 

Each foundation that matches gifts will have a different policy for which gifts get matched and for how much. You’ll need to alter the view called “Gift Payments that Qualify for Foundation Matching” to fit your organization’s matching policy.

WORKFLOW

 

An on-demand workflow exists to create foundation matching gift records. And because each foundation’s matching policy is different, each foundation will need to alter the workflow to accommodate things like the matching gift fund and the matching amount ratio. If you need help with this, or with altering the view mentioned above, our Support team will be happy to assist you.

 

 

Once the view and workflow are altered to fit your matching policy, you can create the matching gift records. This can be done in bulk from the view or individually from the gift payment record. Whether you’re in a view or in a record, drop down the Flows menu and choose Create Foundation Matching Gift & Interfund Grant.

 

 

For each gift payment selected, a foundation matching gift record will be created. Foundation matching gift records can be found in the 1, Fund, or 2, on the left-hand side navigation bar.

 

 

Open a Foundation Matching Gift record and you will find the matched gift payment, the corresponding interfund payment, and the interfund gift and grant funds (as determined in the create workflow).

 

 

PROCESS THE INTERFUND

 

To close the loop on this process, simply process the interfund and send to accounting. Click on the interfund record from the Foundation Matching Gift record and work through the business process flow at the top of the page

 

 

The Gift Formal Acknowledgement that appears on fund statements will say “Foundation Matching Gift”.