FundSvcs Community

Good morning. I hope you had a nice weekend. 

We have an irrevocable CRUT established in 1998. Last week, we learned the donor is adding to the Trust through stock. I know this will be recorded as a planned gift (we have the planned giving module), but would the amount be the sale amount of the stock? Our Finance Office is managing the logistics, but I am unsure what we should record to count this planned gift. 

I've read through the archives and saw several mentions of a percentage, but I think this was related to the beneficiary receiving a portion of the Trust upon death. According to our original agreement, we are the sole beneficiary. 

I appreciate your guidance. 

Tracy

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Tracy Forkin
Director of Stewardship & Donor Engagement
Johnson & Wales University
tracy.forkin@jwu.edu
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Hi Tracy, 

You would add this to the list of assets on the planned gift record. 



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Cameron Alzubi
Director, Gift Administration
Illinois Institute of Technology
calzubi@iit.edu
giftadmin@iit.edu
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Original Message:
Sent: 9/27/2022 10:15:00 AM
From: Cameron Alzubi
Subject: RE: adding to a CRUT - how is this recorded in Raiser's Edge?

Hi Tracy, 

You would add this to the list of assets on the planned gift record. 

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Cameron Alzubi
Director, Gift Administration
Illinois Institute of Technology
calzubi@iit.edu
giftadmin@iit.edu
------------------------------

Original Message:
Sent: 9/27/2022 10:20:00 AM
From: Tracy Forkin
Subject: RE: adding to a CRUT - how is this recorded in Raiser's Edge?

Thank you.

 

Is the sale amount of the stock the gift amount we would use?

 

Best regards,

 

Tracy