In GiveCampus giving forms, available controls depend on your permissions and the interface used by your institution.
Designation selections store the fund name when attached, recurring installments duplicate those selections, and receipts and gift displays use the stored name (or write-in). Renaming the school fund alone can therefore leave existing recurring receipts with the original name. New or explicitly updated selections may capture the new name. Review the actual recurring parent and receipt before changes/resends; delivered historical receipts are not rewritten by a rename.
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