Master Funds
We have quite a few funds at our Community Foundation that have two components - An institutional liability fund and a designated asset to the not-for-profit that started the fund. Our short name (fund id) distinguishes between the two with the agency fund being a 1 (Example CLUB1) and the designated fund being a 2 (Example CLUB2) In our previous software we were able to roll both funds up into a master fund so the not-for-profit could see all of the support being received together. We have a school system that has 26 scholarship funds and 1 general fund that we could roll up into a master fund to give them the total returns, expenses, grants, etc. over all the funds. Please consider adding master funds as this is becoming more of a necessity for us.
Deb Pfledderer
shared this idea
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I am assuming this is similar to admin fee group which combines funds for admin fee purposes. Other than admin fees, what do you want to see happen when the funds are combined? Should the donor portal show total spendable across all funds or still just the individual? Do you want to see contributions/grants across all funds or just individual? Are there other areas that they need to tie together?