Pledge payment received but no tax credit to be given

Postby sojorner » Sat Jun 08, 2019 8:44 am

HI,
We have a situation where an individual pre-paid their pledge for next FY. Generally pledges (current year and pre-paid) are posted in a pledge contribution fund that is marked as reportable on their annual statement used for tax purposes. In this case, however, the individual had made the payment from their individual charitable investment fund. The letter that accompanied the check stated they are not to be given tax deduction credit for the money, as it is already a tax deduction via this charitable fund.
Since the pledge contributions fund in PowerChurch has been set up to report pledges on each individual's statement, is there a way to post this so that it:
a ) shows up in the pledge fund,
b) recognize that the individual kept their pledge, but,
b) will not show on this individual's contribution statement for tax purposes?

thanks
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Re: Pledge payment received but no tax credit to be given

Postby NeilZ » Sun Jun 09, 2019 9:03 pm

sojorner wrote:HI,
We have a situation where an individual pre-paid their pledge for next FY. Generally pledges (current year and pre-paid) are posted in a pledge contribution fund that is marked as reportable on their annual statement used for tax purposes. In this case, however, the individual had made the payment from their individual charitable investment fund. The letter that accompanied the check stated they are not to be given tax deduction credit for the money, as it is already a tax deduction via this charitable fund.
Since the pledge contributions fund in PowerChurch has been set up to report pledges on each individual's statement, is there a way to post this so that it:
a ) shows up in the pledge fund,
b) recognize that the individual kept their pledge, but,
b) will not show on this individual's contribution statement for tax purposes?

thanks


In a word ... no.

The reason being is that the Contribution Fund is setup to display on the Contribution Statement as tax deductible.

What you can do is this:

1. Enter the amount as a pledge start balance on the donor's Pledge for next year. This will show that the pledge is fulfilled for next year.
2. Enter the amount in the LOOSE CASH envelope number under that fund. The loose cash envelope should not have any pledges so it won't show as a pledge fulfilled. This will also not show on any statement other than the loose cash envelope.

Neil Zampella

Using PC+ since 1999.
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