Stock Gift Management

Overview

The Stock Gift Management module works as an integrated part of the Donor and Gift Management module. If you have the Stock Gifts module, you will notice several extra interface features in Donor and Gift Management. For example, there is a Securities tab where you can enter information about the shares and price that FIMS can use to automatically calculate the Gift value.

The Security record maintains stock names, ticker symbol, CUSIP number, and a Security type code. A new Security record can be added during Stock Gift entry, or at any other time via File Maintenance.

You can record complete or partial sales of securities either before or after the Gift is posted. When you record a sale, G/L Journal entries are automatically made to transfer the assets to investments and record any gains, commissions, and fees.

A Gift can include up to five line items in any combination of cash, securities, non-gift deposits, or other non-cash Gifts.

Just as with any other Gift, a Profile and Donor record must exist before the first Stock Gift from a Donor can be entered into FIMS. You can also link a Stock Gift to a Broker record as a basis for reporting and communications regarding the Gift.