You can now use your bulk check scanning and remote check deposit processes to handle non-tax deductible donations. When allocating a check, you may select DAF, QCD, or Cash Equivalent (like stock & cryptocurrency) as the payment method, to properly handle these unique gifts, ensuring accurate and compliant tax statements while giving donors "soft credit" for recommending the donation.
Highlights:
- Select Donor-Advised Fund, Qualified Charitable Distribution, or "Cash Equivalent in addition to the default Check payment method.
- Add a description to display on tax statements (e.g. "Smith Family Fund via Fidelity Charitable").
- Edit previously allocated donations to adjust the payment method or add a description.
- All non-tax deductible donations will appear in a separate section of the Tax Statement.
Tip: if you've received checks from Engiven for stock & crypto donations, select Cash Equivalent.
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