Create and Edit Fund Beneficiaries

A fund beneficiary is an individual who receives a benefit which is often a monetary distribution. Once a beneficiary has been added to a fund, it can be edited on the fund record to display additional information. 

Add Fund Beneficiaries

1. Navigate to the Funds page.
2. Enter the fund name in the Search Funds field and select the fund from the drop-down list.
   • Alternatively, click List All in the left-side menu to view a list of all funds. Click the ID of the fund to which you want to add the beneficiary.
     
     
     
3. Click the Relationships tab.
   
   
   
4. Click Add Beneficiary in the left-side menu.
5. Enter the grantee or fund name in the appropriate Search field and select the Grantee or Fund from the drop-down list.
   

The beneficiary is listed on the fund record in the Relationships tab.

Edit Fund Beneficiaries

1. Navigate to the Funds page.
2. Enter the fund name in the Search Funds field and select the fund from the drop-down list.
   • Alternatively, click List All in the left-side menu to view a list of all funds. Click the ID of the fund for which you want to edit the beneficiary.
     
     
     
3. Click the Relationships tab.
   
   
   
4. Click Edit Beneficiary in the left-side menu.
5. Enter a Description, select the general ledger expense Account that will be used to make spendable grants to this beneficiary, and then click Update.
   • If a fund only has one beneficiary, then that beneficiary will automatically receive 100% of the spending grant. 
     • Change that percent if needed so a portion of the spendable balance will be sent to the beneficiary and the remaining portion will stay in the spendable balance of the fund.
   • If a fund has multiple beneficiaries, set each beneficiary's share of the spendable grant by percent to equal 100 if you want to send the totality of the spendable. 
     • A lower percent can be used if needed.  
       

The edits are listed on the fund record in the Relationships tab.