7 results found

1. Fund Fee Types Note

   It would be helpful to have the "Add Note" option on Admin Fee - Fund Fee Types. We have some unusual fees that are specific to certain funds and/or situations and it would be nice to be able to spell that out more clearly on the Fund Fee Type itself.

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   0 comments  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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   Implemented  ·  AdminSkye Weber (Admin, Foundant Technologies) responded

   5/22/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to now have a maximum fee per year.  Clients will now see a maximum fee field added to the admin fee types.  This will allow the system to only charge a fund with that type a maximum per year.

   Funds Bulk Edit was also enhanced by adding the Admin Fee Start Date.

   Permissions: No permissions changed by this release.

   5/22/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to… more

2. Option to select manual admin fee expense account

   When assessing a manual admin fee on a fund, it would be helpful to have the option to choose an expense account other than the default admin fee account. For our organization, we have two admin fee expense accounts. One of these is set as the default and is often the one we want to use, but it would be helpful to have the option to specify the other account in some situations.

   Our current workarounds are: (a) process the admin fee and correct via journal entry or (b) edit the default account prior to processing the admin fee, process the fee, and change the default account back after, neither of which are particularly graceful, although they work for now.

   When assessing a manual admin fee on a fund, it would be helpful to have the option to choose an expense account other than the default admin fee account. For our organization, we have two admin fee expense accounts. One of these is set as the default and is often the one we want to use, but it would be helpful to have the option to specify the other account in some situations.

   Our current workarounds are: (a) process the admin fee and correct via journal entry or (b) edit the default account prior to processing the admin fee, process… more

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   1 comment  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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   Implemented  ·  AdminSkye Weber (Admin, Foundant Technologies) responded

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to now have a maximum fee per year.  Clients will now see a maximum fee field added to the admin fee types.  This will allow the system to only charge a fund with that type a maximum per year.

   Funds Bulk Edit was also enhanced by adding the Admin Fee Start Date.

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to… more

3. Tiered donation for one time contributions.

   We would like a tiered admin fee for donations to non-endowed funds. For instance, for Fiscal Sponsorships, we charge 10% admin fee for the first $25k of a donation, and 5% for the balance. As it is we have to 'refund' the difference for gifts over $25k.

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   Implemented  ·  0 comments  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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4. Admin Fee function - need to wrap text in various fields to fit on one sheet of paper when hitting print page.

   Admin Fee function - went to calculate 3/31/22 fees today and hit print page and had to minimize the font to 65% to get all columns to fit. The text used to be wrapped in the Account and Description fields. Can we go back to this? otherwise the font is so small to read.

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   1 comment  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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   Implemented  ·  AdminSkye Weber (Admin, Foundant Technologies) responded

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to now have a maximum fee per year.  Clients will now see a maximum fee field added to the admin fee types.  This will allow the system to only charge a fund with that type a maximum per year.

   Funds Bulk Edit was also enhanced by adding the Admin Fee Start Date.

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to… more

5. Allow zero dollar Admin Fees

   Please reinstate the ability to have a zero amount admin fee. We use them to monitor funds for which no fee is charged, such as internal funds and special projects. Having them in a specific fee type allows us to review them quarterly for changes in status. It also assures someone looking at the fund that assigning a fee code wasn't just forgotten. Thank you!

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   Implemented  ·  2 comments  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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6. Admin Fee max

   Would like to see an option for a maximum admin fee. We would like to limit the amount that our over $1million sized funds pay and right now we have to do that manually.

   7 votes

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   1 comment  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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   Implemented  ·  AdminSkye Weber (Admin, Foundant Technologies) responded

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to now have a maximum fee per year.  Clients will now see a maximum fee field added to the admin fee types.  This will allow the system to only charge a fund with that type a maximum per year.

   Funds Bulk Edit was also enhanced by adding the Admin Fee Start Date.

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to… more

7. Choose When to Begin Charging Admin Fee for New Fund

   Oftentimes when creating a new fund, we won't want to charge an admin fee for the first quarter after the fund is initially set up. However, there is no option to choose when to begin charging an admin fee for a new fund. Currently, we either have to leave off the admin fee of the new fund and remember to return after charging the quarter's admin fees to add a fee code or we have to go ahead and add the admin fee on the new fund at setup and remember to review the list of new funds before charging the quarter's admin fees, remove fee codes for funds that shouldn't yet be charged, and then add them back immediately after posting fees. This leaves us open to the potential for many errors - either charging a new fund a fee too soon or not collecting a fee on a fund that is older and should be charged. I think this could be easily solved by adding an option to choose when to begin charging an admin fee for a new fund in part of the fund setup. As always, thanks so much for considering!

   Oftentimes when creating a new fund, we won't want to charge an admin fee for the first quarter after the fund is initially set up. However, there is no option to choose when to begin charging an admin fee for a new fund. Currently, we either have to leave off the admin fee of the new fund and remember to return after charging the quarter's admin fees to add a fee code or we have to go ahead and add the admin fee on the new fund at setup and remember to review the list of new funds before charging… more

   66 votes

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   3 comments  ·  Admin Fees & Distributions  ·  Delete…  ·  Admin →
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   Implemented  ·  AdminSkye Weber (Admin, Foundant Technologies) responded

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to now have a maximum fee per year.  Clients will now see a maximum fee field added to the admin fee types.  This will allow the system to only charge a fund with that type a maximum per year.

   Funds Bulk Edit was also enhanced by adding the Admin Fee Start Date.

   6/7/2023: Admin Fee: The following enhancements are now available for Admin Fees: the ability to set funds in bulk to an admin fee type, an option to add a note to an admin fee, and on manual admin fees, the ability to select the receiving fund and accounts. The ability to create a manual admin fee is now an option in the left hand menu on the admin fee page.

   Also enhanced the fund record’s Admin fee section to have a start date field.  This start date can be used to enter a starting date to begin processing admin fees on a fund. The start date will look at the admin fees posting date. For example, if the fund’s admin fee start date is set to 1/1 and admin fee posting date is 12/31, it will not charge that fund for that admin fee.

   Enhanced the admin fee types to… more