Grants - Adjust Net of Fees and Matching

For grants paid with a credit card, credit card fees will display on each grant payment line, allowing better visibility into processing costs. Credit card revenue from donors that offset credit card fees is also shown for accurate financial tracking. The Adjust Net of Fees option allows you to automatically reduce grants by their associated credit card fees. This is a net action that will update both the total grant amount and payment lines.

Organizations can also efficiently distribute matching grants by a total, a specific amount, or a percentage. All selected grants must originate from the same fund. If using more than one match, the additional matches will be based on grant amounts, with the first match added to the total grant amount. The matching fund must be different than the granting fund.

These features are commonly used for grants that receive donations through the Grant Catalog. Reach out to Support to discuss the options regarding these features.

Adjust Net of Fees

The Adjust Net of Fees bulk action will review grants in the New bucket, list the dollar amount of credit card fees that were not offset, and bring down the grant amount by the net of the credit card fees. If the grant received additional donations to offset the credit card fees, the grant amount will not go up. This process will only bring the grant amount down. This option will only be available for funded grants.

1. Navigate to the Grants page.
2. Click the New bucket.
3. Click Adjust Net of Fees in the left-side menu.
   • Adjust Net of Fees is also available in the left-side menu of individual grant records.
4. Click the box next to each grant to be adjusted, and then click Adjust Grants.
   
    

A negative payment line for the credit card fees and a negative funding line showing that the credit card fees brought the grant amount down will display on the grant record. 




 

Match Grants

Grants from the same fund can be matched from a matching fund. The system will create an internal grant from the match fund to the grant fund for the grant matching. The matching fund must be different than the granting fund.

1. Navigate to the Grants page.
2. Click the New bucket.
3. Click Match Grants in the left-side menu.
4. Enter the applicable Match Grants information.
   • Match Fund - The fund that will grant the match amounts. This is a required field.
   • Match Date - The date of the match.
   • Match Description - The description of the match.
   • Match Total - This option allows an amount to be entered to be divided proportionally between the grants selected.
   • Match Each Amount - This option allows a specified amount to be matched for each grant selected.
   • Match Each Percent - This option allows a specific percentage of the grant to be matched for each grant selected.
     
      
5. Check the box next to each grant to be matched, and then click Review Match.
   • The grants must have the same fund.
     
      
6. Review the Grant Amounts and Match Amounts, and then click Match Grants.