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Administrator Guide
Last Updated: 2023-06-23
Sell Investment Pool Units

Sell Investment Pool Units

  • Purchase investment pool units.
  • Configure the
    Investment Pool Sale Event
     business process and security policy in the Endowment Accounting functional area.
Sell investment pool units to liquidate either a portion or all of a gift. You can spend the liquidated proceeds according to the requirements from the donor.
  1. Access the
    Sell Investment Pool Units
     task.
  2. As you complete the task, consider:
    Option Description
    Units to Sell
    Fair Market Value to Sell
    Specify a number of units to sell, or a number of units by fair market value. You can also liquidate the entire balance of the gift.
    Workday calculates the fair market value as the number of units on the gift multiplied by the current unit price.
    Click
    Find Unit Sources
     to display the transactions after entering or updating the units to sell.
    Unit Sources
    The unit source values are based on existing transactions on the source gift, such as purchases, reinvestments, or incoming transfers.
    If the gift units were consolidated into a single gift transaction using an average unit cost, you can override the book value of the selected units with their historically correct book value. Workday records the sold transactions using the adjusted book value.
    If you select to sell all gift units, you can't override their book value. This would result in leftover book value for zero units. Example: Your transaction lot of 100 units has a $100.00 book value. If you sold all 100 units at a $90.00 book value, the zero units remaining would have a $10.00 book value.
    If you're selling adjusted gift units, you must record an investment pool valuation before selling the units.
    Worktags
    Select the financial worktags to use for posting net asset accounting entries to revenue ledger accounts. When you sell adjusted gift units, Workday derives the worktag from the gift to generate accounting entries for the adjustment transaction sales.
The
Sell Investment Pool Units
 task initiates the
Investment Pool Sale Event
 business process for review and approval.
Workday liquidates the gift by the specified number of units and book value so that you can distribute the income to beneficiaries.
To return the income distributions and reinvestments, configure the investment pool with a payout rate and run the payout distribution.