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Request from advisor to sign additional confirmation re: securities gift

  • 1.  Request from advisor to sign additional confirmation re: securities gift

    Posted 02-08-2023 11:04 AM
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    Has anyone else received something like this from an advisor for your donor?  I'm not comfortable signing something that assigns a value to the securities, especially sent we sent a standard stock receipt at the time of the gift.  I will be reaching out to the advisor but wanted to see if others had encountered something similar before I do.

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    Courtney Sims
    Director, Gift Processing & Data Management
    Bucknell University
    courtney.sims@bucknell.edu
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  • 2.  RE: Request from advisor to sign additional confirmation re: securities gift

    Posted 02-08-2023 11:08 AM
    In fact, gifts of securities are property donations. As such, per the IRS, you should provide only the name of the stock and the number of shares.

    You might provide a disclaimer statement as I have offered in the past where you mention what you valued the stock at for internal purposes only. But nothing more.

    I would not provide any further detail to the advisor and share IRS Publication 1771 which references providing only a description.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


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