Skill

Gift Accounting

Finance and Accounting

Gift accounting is the specialized financial recordkeeping used by nonprofits, universities, and other charitable organizations to track donations, pledges, and restricted or endowment funds. It ensures that gifts are recorded, reported, and used in compliance with donor intent, relevant accounting standards (like FASB rules for nonprofits), and grant restrictions. Professionals in this field, often working in development or advancement offices, reconcile gift records with general ledger accounts and produce donor acknowledgments and compliance reports.

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• Financial Reporting
• Fund Accounting