FundSvcs Community

We would need to understand why the hold and how firm that requirement is. Unless it is a restriction placed by the company the shares are in (typically Rule 144 or 145), then the donor/estate has not relinquished control until those future dates. That would be the legal gift date. If Rule 144 or 145 the restriction can easily be removed upon stock ownership transfer. John John Taylor 919.816.5903 johntaylorconsulting@gmail.com Big ideas; small keyboard > On Jun 17, 2019, at 12:16 PM, Mary L. Oliver <oliverm@wittenberg.edu> wrote: > > Good Afternoon, > > We recently received share of stock in three different corporations from a donor’s estate. The agreement signed previously by the donor states that two of the stocks need to be retained for a set period before they can be sold. The third stock had no such prohibition. Do I record all three on the date that they were received by our bank, or just the one that we were able to sell? I’m leaning toward recording all three, but am looking for confirmation before doing so. > > Thank you, > > Mary > > Mary Oliver > Director of Advancement Services > University Advancement > Wittenberg University | PO Box 720 | Springfield, OH 45501 > Tel: 937.327.7421 | Fax: 937.327.7444 | Email: oliverm@wittenberg.edu > > <image001.png> > > Please visit us on the web at www.wittenberg.edu > > P Please consider the environment before printing this e-mail. > CONFIDENTIALITY: This e-mail (including any attachments) may contain confidential, proprietary and privileged information, and unauthorized disclosure or use is prohibited. If you receive this e-mail in error, please notify the sender and delete this e-mail from your system. >

Marianne - I loved hearing you speak when you visited Indianapolis! Thanks for bringing your expertise to our Apra chapter. Best, Angi On Mon, Jun 17, 2019 at 12:31 PM Marianne Pelletier <marianne@staupell.com> wrote: > You are going to record all 3 because the gift was the stock, not the > proceeds from the sale of the stock. Take the average market price of the > stock from the day that the broker transferred the shares to your > organization. > > > > --Marianne > > > > > > ________________________________________ > > Marianne M. Pelletier > > Staupell Analytics Group > > 607-592-3797 > > marianne@staupell.com > > http://www.staupell.com > > > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Mary L. Oliver > *Sent:* Monday, June 17, 2019 12:16 PM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [FUNDSVCS] Stock Holding Question > > > > Good Afternoon, > > > > We recently received share of stock in three different corporations from a > donor’s estate. The agreement signed previously by the donor states that > two of the stocks need to be retained for a set period before they can be > sold. The third stock had no such prohibition. Do I record all three on > the date that they were received by our bank, or just the one that we were > able to sell? I’m leaning toward recording all three, but am looking for > confirmation before doing so. > > > > Thank you, > > > > Mary > > > > Mary Oliver > > Director of Advancement Services > > University Advancement > > Wittenberg University | PO Box 720 | Springfield, OH 45501 > > Tel: 937.327.7421 | Fax: 937.327.7444 | Email: *oliverm@wittenberg.edu > <oliverm@wittenberg.edu>* > > > > [image: cid:image003.png@01D0F170.23795610] > > > > Please visit us on the web at www.wittenberg.edu > > > > *P **Please consider the environment before printing this e-mail* > *. **CONFIDENTIALITY: This e-mail (including any attachments) may > contain confidential, proprietary and privileged information, and > unauthorized disclosure or use is prohibited. If you receive this e-mail > in error, please notify the sender and delete this e-mail from your system.* > > > -- Angi Parks Advancement Services Manager *Support The Oaks Academy* <https://www.theoaksacademy.org/giving/>

Good Afternoon, We recently received share of stock in three different corporations from a donor's estate. The agreement signed previously by the donor states that two of the stocks need to be retained for a set period before they can be sold. The third stock had no such prohibition. Do I record all three on the date that they were received by our bank, or just the one that we were able to sell? I'm leaning toward recording all three, but am looking for confirmation before doing so. Thank you, Mary Mary Oliver Director of Advancement Services University Advancement Wittenberg University | PO Box 720 | Springfield, OH 45501 Tel: 937.327.7421 | Fax: 937.327.7444 | Email: oliverm@wittenberg.edu<mailto:oliverm@wittenberg.edu> [cid:image003.png@01D0F170.23795610] Please visit us on the web at www.wittenberg.edu<http://www.wittenberg.edu/> P Please consider the environment before printing this e-mail. CONFIDENTIALITY: This e-mail (including any attachments) may contain confidential, proprietary and privileged information, and unauthorized disclosure or use is prohibited. If you receive this e-mail in error, please notify the sender and delete this e-mail from your system.

You are going to record all 3 because the gift was the stock, not the proceeds from the sale of the stock. Take the average market price of the stock from the day that the broker transferred the shares to your organization. --Marianne ________________________________________ Marianne M. Pelletier Staupell Analytics Group 607-592-3797 marianne@staupell.com<mailto:marianne@staupell.com> http://www.staupell.com From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Mary L. Oliver Sent: Monday, June 17, 2019 12:16 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] Stock Holding Question Good Afternoon, We recently received share of stock in three different corporations from a donor's estate. The agreement signed previously by the donor states that two of the stocks need to be retained for a set period before they can be sold. The third stock had no such prohibition. Do I record all three on the date that they were received by our bank, or just the one that we were able to sell? I'm leaning toward recording all three, but am looking for confirmation before doing so. Thank you, Mary Mary Oliver Director of Advancement Services University Advancement Wittenberg University | PO Box 720 | Springfield, OH 45501 Tel: 937.327.7421 | Fax: 937.327.7444 | Email: oliverm@wittenberg.edu<mailto:oliverm@wittenberg.edu> [cid:image003.png@01D0F170.23795610] Please visit us on the web at www.wittenberg.edu<http://www.wittenberg.edu/> P Please consider the environment before printing this e-mail. CONFIDENTIALITY: This e-mail (including any attachments) may contain confidential, proprietary and privileged information, and unauthorized disclosure or use is prohibited. If you receive this e-mail in error, please notify the sender and delete this e-mail from your system.