Anyone using Stock/Property (Sold) functionality for gifts?

Karen Diener 2 · April 2019

Hi everyone,

I am working with a client who is interested in starting to use the Stock/Property (Sold) option for their gifts, so that the gains are recorded. I'd love to get feedback from others who currently use it, or used it and then stopped, in order to advise them on things to watch out for. I have never worked at or with an organization that used this feature, so don't have a good sense of the ripple effect.

Thanks!

Karen Stuhlfeier · April 2019

We have always used it. There are no issues with it. In our advancement we use the gift amount, but the sold information is helpful for our finance office to have.

JoAnn Strommen · April 2019

Just like Karen Stuhlfeier‍ we have always used it with no issues. Provides the most accurate records of gifts and for receipting.

Brian Davies · April 2019

We use it as well, it is nice to being able to see the full picture. We don't really use it for any reporting. We also add attributes for stock gifts. We use this information to populate the gift acknowledgement letter. The attributes are as follows:

Stock Symbol

Sell Date

Number of shares

Days High

Days Low

Chloe Duncan 2 · May 2019

One thing to be aware of it that Dashboards and maybe some other reports use the stock sold amount instead of the gift value. This can skew your giving reports. We use the sold stock feature but we put the gift value in the stock sale amount field and put the sale value, fees and the amount we received in the notes section.

Angela Tuttle 2 · May 2019

We use the "Sold" function as well. Like someone else mentioned check reports to see what number is being used (the gift amount or the check amount). We are integrated with FE so it took me a while to get the account numbers the way that I wanted them for when we do the RE to FE posting.

Also there are times that we need to adjust a stock gift and once its "Sold" its harder to adjust and we have to zero out the stock gift completely and start over and create a new gift. I have mentioned this to Blackbaud so I am hoping in RENXT there will be a fix.

Overall I am happy with using "Sold".

J Baumann · June 2019

I've always used it - for every gift of stock. And use the report for Finance offices for monthly reconciliation. It's easy and smart.

Anyone using Stock/Property (Sold) functionality for gifts?

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