This article contains tips and suggestions for handling donations of stock.
Consult your local tax laws and a tax professional for information on how to track stock gifts and issue receipts in your specific situation. This document should not be considered tax advice.
Enter gifts of stock as In-Kind.
If your organization is under US tax laws, follow guidance in IRS Publication 561, "Determining the Value of Donated Property" (bottom of page 5) for help determining the value of the stock donation.
Issue a receipt for the donation, in accordance with your local tax guidance.
In the donation letter or email, consider adding a description of the gift in the text of the message or in the In-Kind Description merge field.
In the description of the gift, you could note that the gift was specifically of stock, how many shares were gifted, and the name of the company.
Consider creating a custom field in Bloomerang CRM to filter for stock gifts. Bloomerang CRM does not provide the option to filter for gifts of stock by default. For example, you could create a custom field for Additional Payment Types and add a value for Stock or a custom field for Stock Gift which only takes Yes or No values.
One-time donations appear in the Tax Summaries section of year-end giving statements.