A gift of publicly listed securities provides an innovative and creative way to make a charitable gift and can often help fund a larger gift than you might otherwise be able to make. Securities can include stocks, bonds, bills, warrants and mutual funds.
Gifts of publicly listed securities are becoming increasingly popular, as federal and provincial incentives make it very attractive to donate publicly listed securities that have appreciated in value. Donors are not taxed on the capital gain when they donate securities to a charity. This compares to tax on 50% of the capital gain if the securities are sold outright at your individual income tax rates.
To facilitate the transfer process, please take these initial steps:
- Contact your financial broker or advisor and let them know of your intentions. There may be some additional authorizations that they require that we cannot facilitate.
- Contact the Inn office to confirm your intention to donate.
- If you are donating the securities electronically, please print off, complete and return the Transfer of Publicly Listed Securities form to the Fundraising and Corporate Relations Manager at Inn from the Cold before initiating the process. Your financial broker or advisor will be able to help you complete the form if you have any questions.
- Please note that electronic delivery of securities is not an immediate process, there is usually a 2-10 day wait for shares and 10-30 days for mutual funds.
We recommend that you consult with your tax advisor or visit the Canada Revenue Agency at www.cra-arc.gc.ca/tax/charities for more information on maximizing your charitable gift.
If you require more information about donating securities and other planned giving options, please contact diana@innfromthecold.org.
This information is general in nature and does not constitute legal or financial advice.
