Allocating donations to funds

Updated a year ago

When collecting donations from your supporters, the money raised tends to call into two categories:

  • Unrestricted (or general) funds
  • Restricted funds

"Funds" can be thought of as "pots of money" - places or projects where donations should be spent. This is very different to "campaigns" or "sources" - which indicate where a donation came from.

Examples of funds:

  • Indonesia Tsunami appeal
  • Replacement for the church roof
  • Unrestricted funds

Unrestricted funds can be spent whereever you think is best by your organisation. Restricted funds should only be spent on the particular cause that they were donated towards.

The Institute of Fundraising has a fanstastic guide to this.

link Creating funds in Beacon

In Beacon, you can create as many funds as you like to reflect the pots of money that donations should go flow into. For example, let's create a "restricted" fund specifically for replacing a church roof:

Screenshot 2018-11-30 at 15.39.52

Beyond a name for the fund, you can attach a number of additional data points, including:

  • A "code" that's specific to the fund internally (perhaps a finance code)
  • File attachments
  • Other notes

If you need to store additional information about funds, you can create additional custom fields to store that information. See customising record types to learn how to do this.

link Assigning donations to funds

Any donations that are made to your organisation should be stored as "payments". The Fund field on the payments lets you to assign a particular payment to a fund you've created in your database:

Screenshot 2018-11-30 at 15.48.42

check_circle_outline If you're collecting donations through Beacon, you can configure forms to automatically assign donations made to a particular fund.

link Unrestricted funds in Beacon

As a best practice, we tend to recommend that unrestricted or "general" funds in Beacon should not have a fund created for them. You can treat the absence of fund on payments as an indicator that it can be used for general charitable purposes.

However, if you prefer you can also create a "General" or "Unrestricted" fund of your own, and use this as a general pot of money. Any general donations can then be assigned there.


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