EXPLAINING GIFTS OF SECURITIES
What is meant by “Gift of Securities?”
A gift of publicly-traded securities, such as stocks, bonds or mutual fund units is a great way to help achieve a world free of mental health stigma where all people possess the knowledge to embrace acceptance and understanding of themselves and one another. It is also the least expensive way to make a gift to Stigma-Free Mental Health Society.
What are the benefits to making a “Gift of Securities”?
If you own publicly traded securities that have increased in value and you decide to sell them, half (50%) of the capital gain is taxable, up to two-thirds, if you have gains over $250,000. Quite often, appreciated securities are considered “locked-in capital” because of a reluctance to realize the potential tax on large capital gains. However, if you donate these securities “in-kind” (meaning not sold, but directly as shares/units) to the Society, you will not pay any tax on the capital gain. There is a “zero inclusion rate” applied to the full value of the gift if made to a Canadian registered charity, such as Stigma-Free Mental Health Society. The charitable tax credit you receive will offset tax on other income.
You will be making a lasting gift to charity during your lifetime, and this can also be done in your estate.
How do I make my “Gift of Securities” to Stigma-Free Mental Health?
It is a transfer you can make from your investment account, directly to Stigma-Free Mental Health Society. Simply complete this form and follow the instructions. OR, you can contact a member of the Stigma-Free Mental Health Society to discuss your donation for us to receive your gift of securities.
Next steps:
Once you have completed the form, simply give/send the form to your broker or financial advisor and discuss your selections to make a gift of securities to Stigma-Free Mental Health Society. Upon confirming, your broker/institution will arrange the transfer of the securities to the Society’s brokerage account. We will be advised when the transfer of securities is received, by our institution. The fair market value of the securities at the closing (or actual sale price) of that day, will be noted and you will receive a charitable gift receipt for this amount.
Who can I speak with at Stigma-Free Mental Health Society, to discuss a “Gift of Securities”?
Call: Alice Wilcox, Remote Office Administrator – (778) 956-9663
Email: [email protected]
Please note that you can also direct your broker to visit our website or call us to obtain a copy of our (Gift of Securities) Securities Transfer form.
For more information on charitable gifts of securities and other property, please refer to CRA website.
