Gifts and Endowments
What is it?
When we say Gifts and Endowments, we mean …
- Creating a donor fund (gift) to receive contributions
- Managing and administering restrictions on donor funds (gifts) via the Gift Purpose
- Utilizing Gift Hierarchies for gift manager security and reporting to facilitate effective fund utilization and donor stewardship
Key Terminology
An aggregate of donor contributions is consistently managed for a purpose. Classified in Workday as either Spendable, Pooled, Non-Pooled or Undetermined. Pooled Gifts own shares in an Investment Pool.
Legacy Term: Foundation SOF (Donor Fund)
Responsible individual for administering and monitoring spending on Gift.
Legacy Term: Fund Administrator
Super users for the Gift worktag who can create and edit Gifts and Gift Hierarchies.
Legacy Term: UF_SY_BUSUNIT_UFFND PeopleSoft Role
Functionality for grouping, reporting and maintaining access for related gifts in a hierarchical structure. The hierarchies are maintained and their uses are determined by the Central Gift Manager.
Legacy Term: PeopleSoft Tree
With each Gift record in Workday, you can select attributes to help define the gift for reporting purposes. These attributes generally do not define the accounting for a gift and should be static over the life of a gift.
Legacy Term: SOF Details
Define each Gift Purpose type with at least one value that can be associated with each new gift.
Legacy Term: Purpose (Program) Code
One of the gift attributes. A free-form text field used to capture specific donor-imposed restrictions or instructions for a gift, supplementing the information provided in the Gift Purpose attribute.
Legacy Term: Detail Purpose
When creating a gift, users can select certain worktags as default options when processing transactions (for example: Fund and Cost Center).
Legacy Term: Combo Codes
When creating a gift, users can select certain worktags to be available options when processing transactions. Options other than the default or allowable worktags will not be available or will fail validation.
Legacy Term: Combo Edits