Unique Stock Transfer Gift

Jessica Kuder

Backstory: Our donor made a pledge and will be paying via 2 stock transfers. There were stipulations within the pledge that make it more complicated.

1. We could not sell or transfer any of the shares of stock for 12 months after we received them.
2. We agree that after the 12-month period, we shall not sell more than the greater of 100 shares in any given week or $10,000 in value of the shares in any given week.

We entered the first stock transfer as a Pay-Stock/Property and linked it to the pledge. The good news is that we are 12 months past the first stock transfer, so we will be starting to sell those shares. How do we mark the gift as Pay-Stock/Property (Sold) if we are selling the stocks over an extended period of time?

Alex Wong

@Jessica Kuder

I would record it as 2 separate gift records, since selling of “stock” is on the gift record level.

when you receive the stock (before selling), you will record the value of the stock splits into 2 gift records that are pay-stock/property gift. When the first portion is sold, depending on how many share was sold, you adjust accoridngly on the gift, and set the sales info on the first gift. then do the same on the 2nd gift when time comes.

You might need to checkin with your finance team to convey the plan and how their policy may affect this plan.