What should a nonprofit organization do regarding Opportunity Names for In-kind gifts?

For a nonprofit organization managing in-kind gifts, it is essential to maintain a consistent and appropriate naming convention for Opportunities to ensure clarity and organization in reporting and data management. Changing existing Opportunities to the new naming convention using the Refresh All Opportunity Names function is the best practice.

This method allows the organization to systematically update all existing Opportunities at once, ensuring that they reflect the revised naming convention uniformly across the system. It is particularly important for data integrity and for maintaining a clear understanding of various gifts the organization has received, which may contribute to reporting and insights for fundraising efforts.

This approach also ensures that the Opportunities remain aligned with any new guidelines or strategies the organization has adopted regarding in-kind donations. In contrast, other methods, such as refreshing the naming format only for new Opportunities or modifying existing one by one, do not provide the comprehensive update needed to streamline Opportunity names effectively across the board. Thus, maintaining an organized strategy is crucial for managing in-kind gifts effectively.