There are 4 different stages to a stock gift. These can be viewed in the Reporting > Stock tab of your administrative site. The donor will get an email update each time the transaction changes status and the donation will post to your "All Transactions" report once it is Paid.
- Promised: The donor has indicated their intention to make a gift of stock and has been provided with transfer (DTS) instructions. The gift of stock has not yet been received.
- In Process: The gift of stock has been received and will be liquidated for USD. The donor has been sent a contribution receipt to the email that they provided.
- Disbursement In Process: The gift of stock has been liquidated for USD and disbursement of the net proceeds to your organization is in process.
- Paid: The gift is complete and the proceeds have been disbursed to your organization.
When you click on the transaction in the Stocks tab, you'll see two amounts. The Gross Amount is the value of the stock at the time of liquidation, and the Net Amount is the amount you get a check for (donation - 4% processing fee).
Engiven mails checks once a month, so if there are multiple stock transactions paid within a month, they may be combined in the check.
Engiven mails checks once a month, so if there are multiple stock transactions paid within a month, they may be combined in the check.