stock public securities principal
Stock Gift Adds Incorrect Amount to Principal Balance
The "initial" value a donor receives for a stock gift is DIFFERENT than the proceeds (also called in CSuite gross amount or net deposit). Please allow a field to enter the principal amount to be recorded for stock gifts.
For example...
Initial Value of Gift (receipt for donor) = $100,000
Gross Amount / Net Deposit - Proceeds to Fund (once the stock is sold) = $95,000
The fund receiving the stock gift is immediately underwater because $100,000 is recorded to the CSuite principal but the fund balance is $95,000.
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