Typically, when a donor gives a gift in the form of stock, the institution will turn around and sell the stock in the short term. The proceeds from the sale of stock often differ from the original contribution amount.
In Fundriver, a user would record the stock gift in the period given. The original value on the date of contribution is recorded as the gift. This will become the historical gift value (or add to historical gift if this is an already established fund). If the proceeds differ from the original date of gift, a realized gain or loss should be recorded for the cash difference. Below is an example stock gift and the required Fundriver entries.
A donor gives stock valued at $120,000 on 7/20/2020. The institution sells the stock on 7/24/2020. The proceeds amount to $118,900.
In Fundriver, you would record a GIFT in the amount of $120,000 on the TRANSACTION ENTRY screen (the copy from excel or GL Import functionality can also be used):
Next, you would record a REALIZED GAIN/LOSS to the specific fund. The gain or loss needs to be recorded manually as opposed to being entered on the INVESTMENT ACTIVITY screen. Entering on the Investment Activity screen would allocate the gain/loss to all funds assigned to the pool. The stock gain/loss is specific to this one fund. The gain/loss is determined by taking the amount of original gift value - proceeds at time of sale; 120,000 - $118,900 = ($1,100).
If the proceeds were transferred to your pool within the same period, the value would be reflected in your ending market value. If cash has not yet been transferred to the pool, the cash amount will need to be recorded as a due to/due from item.