Crescendo Admin Software allows organizations to easily organize and simplify administration of gift annuities. Its fully integrated tracking system produces checks to annuitants, year-end 1099Rs, numerous detailed reports and much more.
- Software interface with Crescendo Lite and Pro. Records are easily imported from Crescendo Lite and Crescendo Pro Software simplifying data entry.
- Maintains a comprehensive database of donors, annuitants and gift annuity agreements.
- Tracks annuity balances based on reserve account earnings.
- Optional tracking of multiple charities. Easily tracks annuities for one charity or multiple charities.
- Prints checks and automatically informs user of upcoming payments.
- Electronic fund transfer capability. If you offer direct deposit for your annuitants, Admin will create the ACH transaction file for processing by your bank or credit union.
- Creates reports for donors, annuitants, payments schedules and more.
- Creates state present value reports for regulated states as required by state law.
- Prints 1099-R/1096 tax forms required by the IRS and creates the file for e-filing 1099-Rs.
- Affordable Actuary services are available for certifying state reports for regulated states. (This is an additional fee.)
- Four security access levels. Assign each user a login and password for authorized access.
- No cost conversions from most other gift annuity administration software.
Learn how to use Crescendo Admin Software to its full potential. Attend a 1-day Crescendo Admin Seminar.
- What is Crescendo Admin?
- What are the key features of Crescendo Admin?
- Does the software perform electronic fund transfers?
- Does Admin produce state reports?
- How can I have my state reports signed by an actuary?
- Does Admin produce the 1099-R forms that I send to my annuitants and the IRS?
- Does Admin have the ability to track the individual gift annuity market values?
- How does Admin calculate the ever changing annuity balances?
- Does Admin interface with any other software?
- How can I learn more about the Admin software?
- What are Crescendo Admin requirements?
- What is the cost of Crescendo Admin?
- What is included in the purchase?
- Is demonstration software available?
- Is training offered?
- What is the cost of training?
- What technical support is offered?
- How often are updates provided?
- Are conversions from other software to Crescendo Admin available?
- What is Crescendo Admin?
- Crescendo Admin is a PC-compatible software product designed to be the most comprehensive tool for gift annuity administration. Admin offers a simple, yet fully integrated tracking system for your donors, annuitants and their gift annuity contracts. For a complete list of features, read further.
- What are the key features of Crescendo Admin?
- Crescendo Admin maintains a comprehensive database on all donors, annuitants and gift annuity contracts (immediate, deferred, flexible and term of years annuities), prints checks and/or issues EFT payments to the annuitants, automatically informs user of upcoming payments, prints 1099-R tax forms required by the IRS, computes FASB 116/117 liabilities for annual valuation, calculates reserve requirements for regulated states, tracks annuity balances based on reserve account earnings, includes many reports with customizable search criteria, interfaces with Crescendo Pro and Lite records which are easily imported to simplify data entry, plus offers tracking of multiple charities.
- Does the software perform electronic fund transfers?
- Crescendo Admin allows you to input bank information for your charity and your annuitants, then select to use direct deposit for any person. You may list two bank accounts for each person and split the annuity payments between the two accounts. Based on the information entered, the software will create the ACH transaction file which can be emailed or uploaded to your bank or credit union for processing.
- Does Admin produce state reports?
- Crescendo Admin has the capability of producing the state reports for annual reporting to the states in which you are registered. These reports show the present value of each gift annuity according to the state law guidelines and specifications.
- How can I have my state reports signed by an actuary?
- Crescendo Interactive has made arrangements with a certified actuary to have your reports verified, signed and sent to the appropriate states. There is an additional cost for this feature. ($250 per state minimum)
- Does Admin produce the 1099-R forms that I send to my annuitants and the IRS?
- Crescendo Admin will print the 1099-R paper forms for your annuitants and for the IRS. It can also create the 1099-R tax file for electronic (or magnetic) filing of your tax forms. The software allows you to create an individual 1099-R at any time during the year or print all 1099-R forms at the end of the year. If you file paper forms with the IRS you must purchase a set of pre-printed 1099-R forms - Copy A from your supplier. All other copies can be created by the software directly by printing on blank paper.
- Does Admin have the ability to track the individual gift annuity market values?
- Admin can help you track the value of each annuity invested in your annuity reserve fund. Being able to determine the market value (or annuity balance) of each annuity on any given date is important for two major reasons. First, it helps you evaluate the success of your program and establish policies on age minimums, rate selection, investment strategies, etc. Second, it helps you calculate the end-of-contract remainder value to charity and decide how much is appropriate to withdraw from the pooled reserve fund at contract maturity.
- How does Admin calculate the ever changing annuity balances?
- Admin offers two calculation methods based on the type of monthly (or quarterly) statements you might receive from your investment managers. If your statement shows the monthly or quarterly average earnings rate for your reserve fund, then your Admin software will apply this percent earnings rate to each annuity in the fund. The software takes into account the contribution date for each contract and the distributions (payments) made from each contract.
If your monthly statements show the end of month total account balance, then your Admin software will compute the average daily balance for the fund and allocate the appropriate portion of the total balance to each annuity in the fund. Again, the calculation takes into account the new contributions and distributions made from the fund for each month. - Does Admin interface with any other software?
- Admin is a stand-alone product with a comprehensive selection of features needed by any gift annuity administrator. The software has a built-in interface with Crescendo Pro and Lite planned giving software for ease of importing gift annuity records. Admin does not interface with any other software directly; however, any information contained within the system can be easily obtained through use of Microsoft Access or Microsoft Query tools. Data may be exported to Excel, Word, text files, etc.
- How can I learn more about the Admin software?
- We encourage you to take advantage of our 90-day free trial offer of Admin software. The software is sent along with a packet of information, including "Getting Started with Crescendo Admin" as well as a step-by-step seminar instruction. For our new customers, Crescendo offers free 30 min phone tutorials for any of our products. And finally, Crescendo holds several Gift Annuity Administration Seminars each year. At this seminar you not only learn how to use the Admin software, but you also learn what duties you need to perform as a gift annuity program administrator. Cost: $195
- What are Crescendo Admin requirements?
- Minimum Requirements: Windows 95 or Windows NT 4 with 32MB of RAM.
Recommended: Windows XP or Windows 2000 with 512 MB of RAM (Supports all 32 bit Windows platforms: Windows 98, 98SE, ME)
Hard disk space: 20MB initially (will increase as records are added) - What is the cost of Crescendo Admin?
- Crescendo Admin - $795 for the software/$595 Annual Update & Support Service
- What is included in the purchase?
- Information packet with the Crescendo software CD and install code and instructions, a detailed Electronic Users Manual and computer/gift annuity support services.
- Is demonstration software available?
- A FREE 90 Day Trial use of the Crescendo Admin system may be requested online at this site or by calling 1-800-858-9154.
- Is training offered?
- Crescendo offers Crescendo Admin Seminars that include both hands-on computer training and gift annuity presentations. At the 1-day seminar the attendees review in detail the software features, create and edit annuity records, import annuity records from Crescendo Pro software, print reports, and learn about gift annuity plans.
- What is the cost of training?
- The 1-day Admin seminar is $195. Contact Thyra at 800-858-9154 if you wish to register or register online at this site.
- What technical support is offered?
- Crescendo is known across the country for its uncompromising support service. Call our toll free number for answers to your computer or legal and tax questions. Our staff of tax law and computer experts will assist you.
- How often are updates provided?
- Crescendo Admin is updated semiannually with tax changes and program enhancements.
- Are conversions from other software to Crescendo Admin available?
- We are able to do some conversions from other software programs to Crescendo Admin. This depends on the software program you are currently using. Please call Crescendo at 1-800-858-9154 and ask to speak with Katarina.
Evaluation
90 Day Trial Software
Use our Trial Software Request Form to request your 90-day trial or call 1-800-858-9154. Experience for yourself its dynamic integration, ease of use and best of all - peace of mind. FREE conversions from most other gift annuity administration software.
Purchase Software
| Initial Purchase Price | $795 | |
| Annual Maintenance | $595 | |
| Total Purchase Price | $1390 |  |