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The Details of Funds
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The Fund object enables you to keep track of all reported funds and allows for the capturing of which resources are funding or contributing to which Programs, Outputs, or Activities. The following fields within the Fund object help you with this:
Total Fund Amount - A currency field that displays the total amount within a fund
Amount Applied For - A currency field that keeps a track of the sum of all allocations associated with a fund that has been created for various projects with a status of ‘Applied For’. This can be automatically calculated via a rollup of Allocations with the status ”Applied for”.
Amount Committed - A currency field that keeps a track of the sum of all allocations associated with a fund that has been created for various projects with a status of ‘Committed’. This can be automatically calculated via a rollup of Allocations with the status ”Committed”.
Amount Paid - A currency field that keeps a track of the sum of all disbursements associated with a fund that has been created for various projects with a status of ‘Paid. This can be automatically calculated via a rollup of Disbursements with the status ”Paid”.
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Fund Management in Amp Impact
Fund Management enables organizations to manage pools of money that can be allocated to projects or grants.
There are three elements that can be part of Fund Management:
Funds
Allocations
Disbursements
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Funds track information about the funding, including total fund amount and amounts in various stages of commitment. Some amounts on the Fund record are automatically calculated based on updates on the Allocation and Disbursement records.
Allocations can be used to track details about which Project(s) a Fund has allocated money to. A Project can have one or more Allocations. A Project with only one funder might have just one Allocation, whereas a Project funded by multiple sources would have many.
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Remember, Allocations can also be used to track Project Allocations coming from Accounts or Opportunities. In the context of Fund Management, it is just generally used to track Allocations from Funds to Projects specifically. |
Disbursements track planned or actual payments from a Fund to a Project. As the Disbursement “Status” is updated, so the total remaining amounts on the Fund will also automatically be updated.
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