The terms “Funds Received” and “New Funds Committed” are key metrics in the CASE Global Reporting Standards for looking at fundraising performance within your institution. While these two metrics are mentioned together, they are not combined for a single total. 

The big difference between the two is that New Funds Committed includes future commitments (in the form of pledges and/or bequests/legacy intentions) to the institution. Funds Received includes the payments on those pledges and any realized bequests or legacies. 

In 2024, CASE released an update to the CASE Global Reporting Standards that now includes a specific definition for outright gifts. This is important to keep in mind because outright gifts are represented in both metrics. An outright gift is an irrevocable transfer of the gift to the institution in the current reporting year. Outright gifts can be made by any type of asset including cash, securities (stocks, bonds, and mutual funds), real estate, tangible personal property, and/or retirement plan assets. Gifts in kind are included in this category.