Business Glossary

Gift Subcategory

Gift Subcategory

Commitments include:


Bequest Intention/Testamentary Pledges: Provisions in a will, trust, or other testamentary legal document providing a gift to the University pursuant to applicable state or provincial law.


Formal Pledge: A documented commitment to make future gifts to the University. Payroll Deduction Pledge: A formal pledge received by a University Faculty/Staff member where payments are withdrawn directly from their paycheck on a pre-defined schedule.


Sponsored Research Pledge: A commitment to donate money to the university in order to fund a dedicated research program.


Intention to Give: An offer by a donor to make a future payment through their donor-advised fund (DAF) or another third-party vehicle. Donors may not make commitments that will be fulfilled by these third parties (according to IRS regulations).


Charitable Lead Annuity Trust: Provisions in an irrevocable trust designed to provide financial support to GW for a period of time, with the remaining assets eventually going to family members or other beneficiaries.


 


Outright Gifts:


Gift: A contribution received by the University.


Matching Gift: Matching gift programs are a benefit offered by some employers that will match an employees charitable contribution by a predetermined ratio. Once the University receives and documents the employees contribution, the employer will fulfill their commitment based on their benefits package. The employer will receive legal credit for the contribution, and the employee will receive recognition(soft) credit.


Pension Protection Act Gift: A specialized gift to the University, which allows donors to fund their gift from a Traditional or Roth IRA without tax liability.


 


Planned Gifts:


Planned Gift: A commitment received where the benefits to the University will not be realized until some point in the future. Examples of these complex gifts are real estate, life insurance, charitable remainder trusts, and gift annuities. Realized Bequest Gift: The cash fulfillment of a will or other estate plan.


Commitment Payments:


Pledge Payment: Payments associated with a formal pledge.


Sponsored Research Payment: The cash fulfillment of an existing sponsored research pledge. Intention Honored: Payments associated with an intention to give stated by a donor previously. Membership Gifts: The GW Museum and The Textile Museum offer benefits to constituents at different membership levels.

Gift Type

Type of Gift being reported upon for foreign-source income reporting under Higher Education Act

GL Accounts Enabled Ind (Y/N)

Indicates whether the account string is active or not

GL Accounts End Date

Indicates the end date for transactions

GL Accounts Start Date

Indicates the start date for transactions

GL Accounts Summary Ind (Y/N)

Indicates whether the account can be pulled into Summary templates or not

GL Balance Type

Identifies Actual Flag

GL Balance Type Description

Actual Flag Description

GL Batch Desc

Identifier for GL Batch Description

GL Batch ID

The number of the expenditure batch that the transaction was a part of ( e.g. the payroll interface run)

GL Batch Name

Identifier for GL Batch Name

GL Category Desc

Identifier for GL Category Desc

GL Category ID

Identifier for GL Category ID

GL Category Name

Identifier for General Entry Category Name

GL Category User Name

Identifier for General Entry Category User Name

GL Date

The date the transaction was posted to the General Ledger

GL Header Desc

Identifier for General Entry Header Description

GL Header ID

Identifier for General Entry Header ID

GL Header Name

Identifier for General Entry Header Name

GL Line Desc

Identifier for General Entry Line Description

GL Line No

Identifier for GL Line Number

GL Line Status

Identifier for General Entry Line Status

GL SLA Header Description

Identifier for Sub Ledger Accounting Header Description

GL SLA Header ID

Idenfier for General Subledger Accounting Header ID