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Gift Accounting, Record Keeping, and Reporting

Introduction

Health care development professionals must develop uniform gift processing procedures, establish policies for gift revenue accounting, and report contributions according to required standards. That is why this topic is one of the fundamental educational programs offered by the Association for Healthcare Philanthropy Foundation and the Association for Healthcare Philanthropy (AHP).

This study guide provides development professionals with a better understanding of gift revenue management and the need for a full, fair, and accurate accounting of donations received. It offers an overview of policies and procedures for the accurate recording and reporting of gifts, according to accounting procedures set forth by the Internal Revenue Service (IRS), the American Institute of Certified Public Accountants (AICPA), and the Financial Accounting Standards Board (FASB).

[In Canada, the IRS counterpart is the Canada Customs and Revenue Agency (CCRA); Canadian charities follow the Canadian generally accepted accounting principles set forth by the Canadian Institute of Chartered Accountants (CICA).]

The guide recapitulates material covered in the AHP course "Gift Accounting, Record Keeping, and Reporting " and points you to additional resources to help you gain yet more detailed knowledge of this subject.

Learning objectives

When you have finished studying this guide, you should be able to:

• apply and enhance the quality of an effective gift processing procedure;
• direct and report on solicitation results and use of gift history data; and
• apply performance assessments to demonstrate fundraising effectiveness and efficiency.

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