This class introduces students to fundamental basic gift administration practices and how to use the features in GiftWrap to meet your organization's obligations to donors and beneficiaries. You will learn the best practices for data entry to help meet the needs of your development, business and finance offices.
Who can benefit from this class?
This class is geared for new users as well as those with experience but no formal GiftWrap training. The goal of the class is to enable you to get the most out of the system, to work efficiently and accurately, and to administer gift annuities correctly. A brief overview of other gift types will be included. Note: This class will not cover FASB, Reserves, CashTrac or the administration of Pooled Income Fund gifts. Those topics are covered in our GiftWrap - Advanced class.
Topics Covered
- Overview of GiftWrap functionality and structure
- Focus on administration of Gift Annuities – Immediate, Deferred, Flexible Deferred, and Commuted Payment
- Understanding the Record Death function and its effect on data and reporting
- Payments and Taxes
- Reporting
