We are excited to be able to offer your organization a new method of giving through stocks. This article lists the information that is required to to set up Stock Giving for your organization as well as answers to commonly asked questions.
Information needed from organization
- Address to mail the check - confirm if the address for your organization in SecureGive is correct for mailing (Account > Profile)
- Email address to receive the monthly stock statements
- Date of Incorporation (or date formed). If you do not know the exact date, the month and year will do
- Federal Tax ID number
- If you have more than one location and would like separate accounts set up for each location
General Information
- Your organization will be mailed a check weekly for the donations made the week prior (Week is based on midnight Pacific time)
- You will also receive a statement via email that states what transactions make up that check and details the fees. This statement will come from engivenfoundation@ppf.org
- Fees will be deducted from the check
- Cost: Please contact our success team for the cost of adding it to your monthly subscription. Processing fees are 4% per transaction.
- This is currently available for online giving only and is not available on the mobile app.
FAQs
How will my organization receive funds from Stock gifts?
When a donor chooses to give by stocks in SecureGive, they enter the number of shares and the stock that they choose. Then they are given instructions (on screen and via email) and the information needed to complete the donation in their brokerage account. At this point, it is just a promise or intent to give. Once the transfer is completed through their brokerage account, it is liquidated and converted to US dollars by our partner processor, Engiven Foundation. At that point, it will show up as a donation in your All Transactions report based on the price of the stock at the time of liquidation. You will be able to monitor the status of the stock donation promise under Reporting>Stock.
Funds are sent to your church in US dollars via check.
How much does Stock Giving in SecureGive cost?
Please contact our success team for the cost of adding it to your monthly subscription. Processing fees are 4% per transaction.
Will Stock gifts show up in my SecureGive Analytics and transaction reports?
The great thing about Stock Giving in SecureGive is that you’re able to track and manage it all right alongside the rest of your digital giving in SecureGive. Stock transactions are included in your analytics and your transaction reports.
Will stock gifts be included on giving statements?
Yes, stock gifts will be included on giving statements issued through SecureGive. However, they will be listed in a separate section from regular contributions.