What are Funds?
Funds are specific categories where you can allocate donations. They help you track where the money is going and ensure it’s used for the intended purpose. Think of them as different buckets for different causes. Funds are also used to track pledges for fundraising campaigns are on target.
Create a Fund
1. Tap on Payments in the main menu, then select the ‘Funds’ tab.
2. Tap ‘Add payment fund’
3. Fill in these details:
- Select the Payment Service used to process these payments. Add a Payment Service if you don’t already have one.
- Give it a name that clearly represents its purpose, like ‘Building Fund’ or ‘Community Outreach.’
Naming Tips:- Instead of including the year in the name, enter the availability dates for that payment fund.
- If you have multiple campuses, include the name of the campus in the fund name.
- If your fund will be used for a pledge campaign, match the fund name and campaign name.
- If the fund is tracking something other than Donations, you may want to select a Tax to add.
- Pick a Theme color, and a color-coded tag will be displayed on the Past Payments tab.
- Optionally, enter a description for the fund. This will only be seen by other fund managers.
- If you want the fund to be available only for a period of time, you can enable the availability date range toggle and then select the available date range. When the fund is unavailable, it is hidden from your giving form, but recurring donations will continue to go to this closed fund until changed, either by the donor or by someone with UCare access.
- If the fund is used to track Pledges, enable the goal toggle and enter the Pludge goal amount.
- To include a custom message in donation confirmation emails, enable the payment confirmation email toggle and enter the message.
4. Once you’ve filled in the details, hit ‘Save.’ Your new fund is now ready to receive donations.