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When creating a transaction record, what are the two types of transaction the gift can be categorized as?
Donation and soft credit
Soft credit and gift in kind
Donor commitment and soft credit
Donation and pledge
In what situation would a donor commitment be created as opposed to a transaction?
An individual attends a fundraising event and donates $100 in cash.
On the first of the month every month, an organization makes a donation of $1000.
A company pledges a donation of $50,000 for your Christmas campaign.
A pledge schedule is created for an organization. The amount of the pledge is $12,000 to be allocated over six months. How many pledge allocation records would be created, and what is their value?
Six pledge allocations of $2000
Six pledge allocations of $12,000
Two pledge allocations of $6000
Two pledge allocations of $12,000
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