Transfer Gift Units

Purchase investment pool units.

Configure the Investment Pool Transfer Event
business process and corresponding security policy in the Endowment Accounting functional area.

You can transfer dollars and units from 1 gift to another gift in the same company and investment pool. Workday transfers the book value and share quantity to the target gift.

Access the

Transfer Gift Units

task.

As you complete the task, consider:

Option	Description
Units to Transfer Fair Market Value to Transfer	Specify a number of units, or a number of units by fair market value. You can also transfer 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 transfer.
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 transferred transactions using the adjusted book value. If you select to transfer 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 transferred all 100 units at a $90.00 book value, the zero units remaining would have a $10.00 book value. If you're transferring adjusted gift units, you must record an investment pool valuation before transferring the units.

Option

Description

Units to Transfer

Fair Market Value to Transfer

Specify a number of units, or a number of units by fair market value. You can also transfer 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 transfer.

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 transferred transactions using the adjusted book value.

If you select to transfer 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 transferred all 100 units at a $90.00 book value, the zero units remaining would have a $10.00 book value.

If you're transferring adjusted gift units, you must record an investment pool valuation before transferring the units.

The

Transfer Gift Units

task initiates the Investment Pool Transfer Event
business process for review and approval.

Workday transfers the specified number of gift units and book value from the source gift to the destination gift. The total number of units in the investment pool remains unchanged.