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This article pertains to Development 3.
Lifetime Giving can be configured according what information you would like to view (e.g. include/exclude donations, soft credits, pledges, etc.).
The Lifetime Giving detail record can be accessed from the link located in the General column on the Development Configuration homepage or from here.
Lifetime Donations is a non-configurable calculated field that only displays the total donations and non-household soft credits for the constituent.