stock gifts

Jesse Calagna 2

I have a stock gift.  The constituent has a pledge that it will pay in full but there will be a remainder.  That will go towards a different fund and will have to be entered on a new line.  How do I sell this stock in order to reconcile with finance.  I have had issues if I only sell on one line.  Do I sell both and ratio it out?  Please help


(i.e. stock payment is $25,000, Fund 100 is owed $20,000 and the $5,000 balance will go to Fund 101)

Holly Kirchin

Hi Jesse


You would enter two separate gifts.  In your example, first gift of $20,000 to Fund 100 and applied to pledge.  The second gift of $5,000 to Fund 101.


Pre-sale amount is what gets applied to the pledge.


When you sell the stock, you do sell both and use the same ratio as the original amount to sell it.


I hope this helps


Holly