Adding a Soft Credit to a Gift
Overview of FR027UPD
Soft credit is simply recorded credit for a monetary gift without any tax or financial implications. Perhaps a family has given a gift to support a certain cause, and it wants each member’s name on the gift. One person (i.e., the name on the check) would have to go on record as providing the funds for the gift. But each person in the family could receive soft credit for the full amount of the gift. As long as each name is already set up as a name record in DDI-Connect, each person can be given soft credit for the gift. You can assign new soft credit via the Soft Credit tab in Gift Entry
Once you have entered and saved a gift in Gift Entry, you have the option of adding a soft credit. From the Gift Setup screen, click Actions and select Soft Credit:
This adds the soft credit tab to the gift:
Click the New button on the toolbar. The fields now become active for data entry:
