Donations: Add/Edit Stock Gift

Donations: Add Stock Gift

1. This tutorial will cover the way to add a Stock gift/donation to the system.
2. Stock Gifts are stock contributions made by contacts to support either your organization as a whole, or else a specific aspect of its operations.
3. Stock Gifts are not recorded as a donation until the stock is sold/liquidated. If you wish to record receipt of a gift of stock that has not yet been liquidated or if the donor pledges a gift amount that will paid off in installments as they sell off stock, then record that as a Pledge in NPE and as the stock is converted to cash, "receive payment" against the payment schedule for that pledge. See our tutorial on Pledges for more information on working with pledges.
4. To look for stock gifts, you can go to the gift index screen by clicking on Fundraising > Gifts. You will see the gift type is stock.
5. You can also run an advanced search to pull for contacts who have donated stocks. Under the Gift Information category, select Gift type for the criteria, is one of as the operator and select Stock as the value.
6. There are three ways to enter a stock gift: 1) from the quick add menu (Add Stock Gift), 2) from the Gifts Index screen (Add Stock Gift) and 3) from Contact view under Quick Action button (Add Stock Gift)
7. To add a new stock gift, start by clicking Add New on the Main Menu to open the Quick Add Menu and then select Add Stock Gift OR click on Fundraising on the Main Menu to open the fundraising sub-menu and then select Gifts and at the bottom of the Gifts Index Screen, select Add Stock Gift OR from Contact view under Quick Action Button click Add Stock Gift. Both methods will take you to the same place/screen. There is no difference in which flow/method you use.

   

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8. Either of these options will take you to the Add Stock Gift screen.

   

   

9. Start by entering the donor name in the Contact Name field (if the person is not already in your system, you can add them "on the fly" by typing the name and hitting enter. The system will bring up a pop up box asking if you want to create and individual or organization contact record and then will bring up the quick add contact box. Enter whatever information you know about the contact and then click save to return to your in progress donation entry).

   

   

10. Gift Date, Fund, and Source are required fields (Source will pre-populate with "Mail" to help save you time). Program, Campaign, and Event are optional fields.

    

11. Please Note: the Chart of Account and/or Account Class are assigned to the donation based on the chart of account and/or account class assigned to the Fund, Program, Campaign or Default Setting (in that order/according to that hierarchy). Chart of Accounts and Account Class are not configurable/manual input fields on the add gifts screen. You can manually adjust the chart of account or account class assigned to a donation on the Financials screen if needed. See our tutorial on configuring Chart of Accounts and on the Financials screen for more information.
12. Please Also Note: The donation acknowledgement template that will be assigned to your donation will be based on the donation acknowledgement template (if any) assigned to the Program, Campaign, Fund, and Default Settings (in that order/according to that hierarchy). Please see our tutorial on configuring acknowledgement settings for more information.
13. In the Solicited By field, select the name of a contact (perhaps a staff member, board member, or fundraising committee member) who asked the donor for the donation. If the "solicited by" contact is not already in your system, you can add them "on the fly" by typing the name and hitting enter.

    

14. The "This is an anonymous donation" check box allows you to indicate that the donor does not want to be acknowledged/the donor doesn't want any recognition for their donation.

    

15. The Tribute section allows you to indicate someone whom the donor has asked that their donation be made On Behalf Of, In Memory Of, or In Honor Of.

    

16. Select which type of tribute stock gift this is, if any (if this is not a tribute stock gift, select none and skip to step #22). If the contact exists within your system (or you wish to add the contact to your system as a contact record), use the Contact Name field to select them. Begin by typing the name into the field and then select from the matching names.

    

17. If the contact does not exist in your system and you do not wish to add them as a contact record, simply type the tributee's into the Name field.

    

18. If you wish to send a Tribute Card for the donation (a card that will go to the person being honored or a related person, such as the surviving spouse or parents to notify them that a commemorative donation was made), indicate this with the “Send Tribute Card” check-box, which will further expand the section.

    

19. When sending a tribute card, start by selecting the Template you wish to use for the card, or create a new one.

    

    

20. Next, either choose an existing contact as the recipient by typing the name and selecting from matching contacts in the Select Recipient field, or, if the tribute card recipient isn't in your database as a contact and you don't want to add them to your database as a contact, type the name in the Recipient First Name and Recipient Last Name fields and their email address in the Recipient Email field.

    

21. Lastly, enter a personal message to the tribute card recipient.

    

22. To enter the stock information, click the + sign under Stock Information to add/open a stock information row.

    
    
    

23. Enter the Received Date the stock gift was received (this generally will be the date of the sale of the stock/conversion of the stock to cash).
    
24. Next, enter the Stock Symbol (required) and Stock Name optional).
    
25. The High Price and Low Price fields are optional. These represent the highest price per share the stock has sold for and the lowest price per share the stock has sold for. This information is provided by your broker.
    
26. The Average Price (per share) and the Sell Price (per share) are required fields. The average price per share is the average selling price of the stock. The Sell Price is the price per share that was received when the stock was sold/converted to cash.
    
27. The Quantity field is the number of shares that were sold/liquidated in this transaction.
    
28. The Total (Gift) Amount field will pre-fill based on multiplying the Sell Price x the Quantity (number of shares). This represents the gross amount of cash your organization received (before brokerage fees) from the sale of this stock.
    
29. The Tax Deductible field will pre-fill based on multiplying the Average Price x the Quantity (number of shares). This represents the amount the donor is allowed to claim as a tax deduction/charitable gift.
    
30. In the Acknowledgement field at the top of the screen, select whether you wish to send the Donation Acknowledgment Letter to the donor(s) Later, Now, or never (Skip). Even if you skip the donation acknowledgement letter now, you will be able to generate it later by selecting it in the generate acknowledgement area and using the "Change Template" function to assign a letter template. See our tutorial on working with donation acknowledgement letters for more information.

    

31. Enter the payment details: Mode of Payment, Date of Payment, Reference Number. The Amount field will pre-populate based on the Total (Gift) Amount in the Stock Gift section.
    

    

32. In the Assign Soft Credit field, you may select any other contacts (both individuals and organizations) who should receive soft credit for this donation.

    

33. A Soft Credit donor is a contact whom you wish to acknowledge along with the primary donor as a contributor to your organization, but whom cannot receive tax credit for the gift or who is not the primary donor. This could be a spouse or partner, or, in the case of an organizational donation, the person at the organization who approved the donation.
34. Select the name of the soft credit donor you wish to add and click the (+) button to add them (if you select a household member, check the box next to their name in the drop down and click the plus button to add them, checking the box is not enough. More than one soft credit donor can be added.

    

35. If you wish to record a note along with the donation, do so in the Gift Memo field on the right.

    

36. If you have a file you wish to attach to the donation - such as an image of the check or a copy of the letter that accompanied the donation, you may do so using the File Upload area.

    

37. The Gift Additional Information section is a Custom Data Set area. You can create your own fields to capture additional data that there is no other place for here. Add the fields by going to Main Menu: Custom Data Sets and editing the Gifts Additional Information custom data set. Examples of fields you might create are "fiscal agent" (for tracking fiscal agent/entity that wrote a donation check for a third party but which is not the donor or someone who should receive an acknowledgement (such as Network for Good or United Way Employee Giving Program)), fields for employer matching gifts, and/or a field for "solicitation method" if you want to track responses to a particular appeal (such as a Facebook ad or your fall newsletter, etc.). The fields you see below are ones that we created in our demo system and do not exist in your system.

    

38. Finally, click Save and Close to save and navigate away from Add Gift. Select Save and Add New to add another donation via Add Gift (if you have selected to send Acknowledgements Now you'll first be taken to the donation acknowledgment letter to send it and then as soon as you finish sending the letter, you'll be brought back to a new/blank Add Gift screen). Or select Save to save the donation and stay on this screen.

    

39. If you entered mode of payment as Credit Card and the card issuer requires "Strong Customer Authentication" (referred to as SCA or PSD2 authentication), a box will pop up asking you to initiate the authentication process. SCA is a new requirement for credit cards issued by European banks or for credit card transactions taking place on European websites for the card holder to authenticate an online purchase by indicating they are the ones who has initiated/authorized the transaction (see this explanation of SCA from Stripe for more information).

    

    • Click the authenticate button and then you will have to wait until the card holder completes the validation process on their end. Once they do (and authentication is completed successfully), the transaction will finish saving automatically.
    • If the card holder fails to authenticate the transaction within the specified time frame or denies the transaction, an authentication failed message will appear on the screen.