Gifts can come in many forms, one of those forms being Stock gifts! With different variables associated with a Stock gift there is a specific way they need to be entered into Virtuous.
In the Gift and Contact Import Tool
Entering a Stock gift has a few different fields in comparison to a financial gift. You can enter a Stock gift manually in the Gift and Contact Import Tool. When you change the Gift Type to "Stock" the additional fields will appear down below, those being "Ticker Symbol", "Number of Shares", and "Sold For Cash". You'll notice the fields for "Date of Sale" and "Amount From Sale of Stock" will only become available after you have checked the box "Sold For Cash". Once all data is entered in the appropriate fields, click "Save and Continue". You can now move forward with the Gift Import Process as usual.
Ticker Symbol: an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market.
Number of Shares: how many total shares have been gifted
Stock Sold For Cash: If the Stock has been sold for cash, checking this box will indicate it as such.
Date Stock Was Sold: Date the Stock shares were sold
Stock Sale Amount:The amount the Stock share were sold for.
Using a CSV File
If you have a spreadsheet of Stock Gifts, you can import that data as a CSV file via the Gift and Contact Import Tool. When formatting your import file there are five Stock fields that can be used to successfully import your data. Formatting tips are listed below.
Ticker Symbol: an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market.
Number of Shares: how many total shares have been gifted
Sold Stock For Cash: Enter "TRUE" to reflect yes or "FALSE" to reflect no.
Date Stock Was Sold: Date the Stock gift was sold
Stock Sale Amount:The amount the Stock gift was sold for.
Once your file is formatted and ready for import, you'll hop into the Gift and Contact Import Tool and start a new import. The Import Type will be "Gift Import". Make sure the bubble for "Upload CSV File" is selected. Then click "Select a CSV File" to browse your computer and attach the appropriate file. From here, you'll see all the data populate into their respective fields in the Gift and Contact Import Tool. You can now continue with the Gift Import Process as usual.
On a Contact Record
You can enter a Stock gift directly into a Contact Record. On the Giving tab of the Donor's Contact Record, click the three dots to the right of "Peer to Peer/Influenced". Select "Add Gift". A blank Gift Record form will open. Click the "Gift Type" drop-down and select "Stock". As a note, this is NOT the recommended best practice to enter Gifts into Virtuous. This approach should be reserved for special situations and typically executed by Admin users. All Gifts should be entered via the Gift and Contact Import Tool.