Calculating & Reporting Net Funds Raised
How to Calculate & Report
When reporting a fund-raising activity (funded or locally supported chapter activity) hosted by a Thrivent Financial chapter service team, net funds raised and total expenses incurred must be reported.
Net funds raised equals the gross funds raised minus total expenses incurred. The minimum for net funds raised is $100 to qualify for supplementary funding.
For example, if a service team raises $6,200 and $200 of that amount is used to pay expenses for the activity, net funds raised equals $6,000.
Note: If the chapter provides any up-front money to the service team to defray expenses, that amount should be included in the net funds raised.
Keep the following in mind regarding funds raised and expenses incurred:
- Net funds raised by the service team must be reported, not the portion to be supplemented through the Care Abounds in Communities program (e.g., if a service team raised $6,000 and receives $2,000 of supplemental funds, the service team reports the $6,000 as net funds raised).
Recording all net dollars raised helps Thrivent illustrate our organization's charitable impact, and it helps us support our fraternal status. Recording expenses helps show how efficiently we're able to raise money.
- Donor checks that were issued directly to the chapter are deposited into the chapter's checking account.
- If a chapter cohosts an activity with another organization, the chapter service team should report only the share of funds that it feels the service team was responsible for raising. Often times, checks for these events are made payable to the cohosting organization. In those cases, that organization deposits the funds and does NOT send a check for the net funds raised to the chapter.
- If multiple chapter service teams host an activity, each service team reports only its fair share of net funds raised and deposits it appropriately.
- If a service team raises gross funds of $100, but uses some of those funds to pay expenses, it cannot report the net amount raised as the gross amount to reach the $100 minimum program request. The service team should try to raise more funds or solicit donations to offset the expenses.
Estimated Value of Goods Contributed
The estimated value of goods contributed (e.g., canned goods, used clothing, gift certificates, gift cards, etc.) cannot be reported as funds raised. Estimating the value of goods contributed is not sufficiently valid to warrant using in place of actual funds raised. Only cash proceeds can be reported as net funds raised.