Understanding Special Funding Types

Wiring Information

▪ TEAM’s broker will send us this form

when the stock is liquidated.

▪ This form is what we use to open an

opportunity in Salesforce.
 Stocks Process

Step 1: The donor initiates the transfer with their broker

Step 2: The broker transfers the stock to our broker
Step 3: TEAM’s broker immediately liquidates the stock and send us the cash asset transfer form
Step 4: DR opens a donation opportunity and chooses “stock” as a Funding Type from the dropdown
Step 5: DR enters the “transfer date” and the “value at the time of transfer” into the appropriate fields
Step 6: An automated acknowledgement is created and sent to the donor within 24hrs
Overview for Soft Credit
Gifts
IRA Non-deductible
IRA Deductible
I
Individual Donor
Organization
(matching gift or denomination)

Donor Advised Fund - DAF IRA & IRA QCD

Charitable Organizations Financial Institutions Matching Gift/Organizations
(Fidelity charitable, NCF, etc.) (Banks, brokerages) (Benevity, AMT)

Individual Workers Projects, Org Support Individual Workers Projects, Org Support
 Donor Advised Fund

1. Donor gives a pot of money to a charitable non-profit like NCF or Fidelity

Charitable
2. The charitable non-profit gives the donor a receipt and sets up a DAF
(Donor Advised Fund) for the donor, which the donor can name
3. The donor then directs the charitable non-profit to send a gift to TEAM
for a specific designation
4. TEAM acknowledges the gift but does not receipt it
5. A DAF gift is still the same as a contribution and should accrue to the
donors total giving
IRA Qualified Charitable Distribution
(non-deductible)

1. An IRA QCD is a gift out of an individual tax free retirement account

2. Over age 71 and a half the government requires individuals to take a
distribution or RMD (Required Minimum Distribution)
3. To avoid tax individuals can direct these distributions to a non-profit
4. Since they didn’t pay tax on it to begin with they do not get a tax
deduction
5. A financial institution (brokerage, bank, or investment company)
transfers the money directly to TEAM or in some cases the individual give
out of a special checking account labeled “No Federal or State Taxes
Withheld.”
IRA Deductible Gifts
(deductible)

1. These are individuals who inherit IRAs from a family member

2. They give out of an account that have already paid tax on
3. They are usually called custodial accounts

These can be confusing