Premium Overview
Premiums are (taxable) gifts given to a donor in exchange for a (non-taxable) donation. Examples of premiums include merchandise such as a t-shirts or publications. Premiums can also include taxable portions of fundraising events or sessions such as the cost of dinner at a banquet or greens fees for a golf outing as well as memberships.
Once you create a premium, you must set up the conditions that will make this premium available to a donor as well as assign it to a specific fund. For example, you may wish to make a premium available to those donors who make a gift between $100 and $300 dollars. Setting these conditions allows you to specify those amounts so that this premium is only made available when a gift meets the conditions that are set.
Setting up a Premium
- Add a Fundraising Premium.
- Set the Conditions for the Premium.
- Associate the premium to a Fund.
- Add a fundraising source code with the Fund and Premium Code specified.
Places a Premium Appears
Once you setup a premium using the steps described above, the premium appears in the premium selection field, which appears in the following pages:
- Modules>Fundraising>Gifts>Add Gift>Add – Fundraising Gift page
- Modules>Fundraising>Donations>Add Donation>Add a Donation page
- Modules>Fundraising>Constituents>List, Find, or Query Constituents>Constituents Profile>add donation>add split gift>Add – Centralized Order Entry – Gift