How to Fix - Advanced Conditional Mail Merging?

Advanced Conditional Mail Merging

I am creating a master one-size-fits-all gift acknowledgement letter template to use in conjunction with Conga Mail Merge in Salesforce.
My source data for the mail merge has dates formatted as MM/DD/YY and donation amounts formatted with two decimal places.
The source data also includes a "total gifts" and a "total gifts last year" field.
I have two questions:

1) I want to reformat the date and $ amount in the mail merge conditions.
I want the date to be Month D, YYYY and the $ amount to only include cents if there is any.
Is this possible? Because I am not completing the mail merge in Word, I can't just reformat
the source data and use the "via DDE" to bring it over.

2) Can I do calculations in the merge fields? That is, can I say something like...
IF {MERGEFIELD Total_Gifts > {MERGEFIELD Amount + MERGEFIELD Total_Gifts_Last_Year "back" ""

Keys to the Problem Advanced Conditional Mail Merging

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