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  • 1.  What is best practice for handling stock donations?

    Posted 11-14-2024 11:51 AM
    Hi everyone! The way we handle stock donations confuses me. Our controller and our CEO have access to check if we've received any new stock gifts, but we regularly have to ask them to check if anything new came in. When the donor doesn't notify us that the gift was sent, we may notice the gift weeks later!! And our CEO is the only one who can sell the stocks, so if she's out of the office then we're stuck. 

    Is this normal? Any advice or sharing of your process would be greatly appreciated. Thank you! 

    Kayhan Azadi (he/him)
    Director of Philanthropy and Community Affairs
    323-640-1124
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    www.epath.org
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    HELP SOMEONE MAKE IT HOME TODAY!  



  • 2.  RE: What is best practice for handling stock donations?

    Posted 11-14-2024 12:07 PM
    The aasp Best Practice (Knowledge Base) on Accepting and Processing Gifts of Securities should help you!

    John