Hey all,
Searched the forum for answers to this, but figured some fresh eyes might help. My organization just switched to Tessitura from Raiser's Edge. How do you all enter gains and losses for stock gifts? We want to make sure that we reconcile with fiscal--looking for some ideas and best practices I can bring to the team.
Thanks!
Hello, the LA Phil Development Dept. does not capture gains and losses of stock sales, in accordance with best practices. This is entirely a Finance function as they record gains and losses of any investment or asset. Your reconciliation should really use the value of the donation that you calculate using high and low values for the date stock is received.
Anita