Q: A donor has asked if Reliant can accept stock donations. Is this possible?
A: Yes! Giving a donation stock can be of great benefit to a donor.
- You can provide donors considering this option with this general tax information.
- Donors should seek counsel from a trusted tax advisor on how they can maximize the benefits of giving stock.
Q: A donor wants to give by donating stock. What do I do?
A: First, remember to thank them!
- You can give donors this general information on how to donate stock to Reliant. It includes Reliant's investment information which the donor will need to complete the transaction.
- If you hear from a donor who would like to give stock, you can alert us at gift.services@reliant.org so we can know to expect the stock. Oftentimes we receive stock with no information about who it is from or who is the intended missionary. Hearing from you would help ensure the gift is credited properly.
Q: A donor has told me they gave a stock donation but has not received confirmation from Reliant. What do I do?
A: It is very likely that Reliant received the stock donation without ever hearing from the donor and so we were unable to connect the gift with the correct donor.
- Encourage the donor to reach out to us at gift.services@reliant.org so we can ensure the gift is credited properly.
- You may also reach out to us at any time to inquire about a stock gift issue.
Q: A donor has told me they gave a stock donation but I have not seen it appear in Toolbox. What do I do?
A: It is very likely that Reliant received the stock donation without ever hearing from the donor and so we were unable to connect the gift with the correct intended missionary.
- Send us an email at gift.services@reliant.org so we can start researching this for you.
- If needed, you may need to also encourage the donor to reach out to us to ensure we receive the documentation we need to properly credit the gift.
5 Comments
Judi Major
user-b069a For question #3 - I am doublechecking with Dave about the stock gifts appearing on the statements. In the past, I believe the only acknowledgement they received was the letter we sent as their receipt with the number of shares and the date they were received by us. I looked at a donor from last year and found that the gift amount WAS included on his end of year statement and I don't think it is supposed to be, but perhaps those parameters have changed. Let me see what Dave says before you post this.
The other scenario for this is that the missionary heard from the donor and the MISSIONARY is not seeing the stock donation in his toolbox or staff net. Then the missionary needs to contact us because HE/SHE may be the key to tracking down the source of the donation (as in the case of the recent J & J stock).
Sarah Swann
Judi Major How about these edits based on the email you received from Dave and your comments above?
Separate issue: If you have seen stock gifts appear on year end statements, this may be something we need to follow up with Tech about. I am unsure how to correct that issue for us.
Judi Major
user-b069a - yes, that looks great! I did send a ticket to support and copied Tom and Darlene so they would be aware of what's happening. I think the tech guys do the query for the statement now and they may not know that stock and gifts in kind should not be included.
Judi Major
Actually, I think gifts in kind can be included.
Sarah Swann
Good discussion topic... When I looked at the 2017 numbers Darlene reconciled, I see for Holland that his official revenue total included the stock amounts. And her overall total is what Ben used to reconcile the YE statements. Dave's email indicated that shouldn't be the case though so I am confused.