We have always provided the high, low and mean of the stock on the date of transfer but have stated the gift’s value on the mean.
From: Advancement Services Discussion List [mailto:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of John Taylor
Sent: Wednesday, January 09, 2019 2:53 PM
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FUNDSVCS@LISTSERV.FUNDSVCS.ORG
Subject: Re: [FUNDSVCS] Stock acknowledgment
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See IRS Publication 1771 which clearly states that receipts for property gifts (which includes stock) should have a description only.
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com<mailto:
johntaylorconsulting@gmail.com>
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Wed, Jan 9, 2019 at 2:51 PM Scott Lober <
SCOTT.LOBER@phhs.org<mailto:
SCOTT.LOBER@phhs.org>> wrote:
Can someone point me to the IRS regulation/documentation regarding how stocks should be receipted? I need something in writing to prove to leadership that we’re not to put a value in our letter.
Thanks
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