Gift Processing

By | 2018-03-26T20:12:01+00:00 March 26th, 2018|

Gift processing and distribution involves the receipt of charitable donations from an individual or company and disbursement of those funds to the designated recipient charity(ies). Also referred to as ‘gift processing’, ‘gift disbursement’, or just ‘disbursement’, this is critically important service in support of any CSR program that involves charitable giving.

Gift processing business models can vary from one CSR service provider to the next. Gift processing services include data management, banking, electronic funds transfer, stale and returned check management, bank account reconciliation and other important components of the overall service process. As a best practice, gift processing services provided by a third party should be supported by a SOC 1 Type II audit. Because of the complexities of gift processing, many CSR service providers outsource the work to a capable third party, such as a Donor Advised Fund, a community foundation, or United Way.

About the Author:

A Principal at CSR Matters, Gary has 25+ years of experience working in Corporate Social Responsibility, including nonprofits, software development and the financial services industries. "It's a labor of love. I have a number of professional interests, and they all intersect with CSR." Over the past several years, he has been actively involved in the acquisition, growth and consolidation of a number of companies in the CSR space, including AmeriGives, Good Done Great, WPG Solutions, and Dexterity Ventures, plus donor advised funds DonateWell and Place2Give. Gary's prior experience includes leadership positions with Bank of America, United Way and KindMark. To learn more about the breadth and depth of Gary's operational, financial and executive experience, please visit https://www.linkedin.com/in/gpfcarr/.