Gifts of Stocks & Securities
Giving a gift of publicly-traded stocks or securities is a tax-smart way to support Golf Canada Foundation
A gift of publicly traded securities can provide you with an unexpected means to make a significant contribution to Golf Canada Foundation at a relatively low-cost to you. By making a gift of equities, bonds, and mutual fund units to Golf Canada Foundation, your taxable capital gain is eliminated.
If you choose to sell appreciated securities during your lifetime, or if these assets are liquidated through your estate, tax must be paid on 50 percent of the capital gains on those securities. Donating securities to a registered charity such as Golf Canada Foundation provides an opportunity to eliminate a significant tax liability that would otherwise eventually have to be paid.
Benefits of a gift of stocks and securities:
- Receive a charitable tax receipt for the fair market value of the donated security.
- Benefit from a capital gain inclusion rate of zero when you directly donate eligible stock or securities.
- When your executor donates securities, your estate does not pay capital gains tax, and it also benefits from the full charitable tax receipt.
Example of how a gift of stocks works:
Deena decided to support Golf Canada Foundation with a gift of $100,000. She has learned that she would benefit greatly by donating her shares in a publicly listed corporation directly to Golf Canada Foundation instead of selling them and donating the cash proceeds. The chart below compares the costs and savings with an assumed tax rate of 50 percent.
| SELL SHARES & DONATE THE CASH | DONATE SHARES DIRECTLY | |
| Fair Market Share | $100,000 | $100,000 |
| Cost Basis | $20,000 | $20,000 |
| Capital Gain | $80,000 | $80,000 |
| Taxable Gain | $40,000 | $0 |
| Tax Credit (at 50%) | $50,000 | $50,000 |
| Tax on Gain (at 50%) | $20,000 | $0 |
| Tax Savings | $30,000 | $50,000 |
Making your gift
Any gift of securities made now or through your will should be done in consultation with your financial or tax advisors. You and your broker can electronically transfer these types of gifts into Golf Canada’s account by using our forms below.
Please also contact Joelle Efford, Senior Director of Development for information that you and your broker need to make giving securities easy and to discuss how you would like the proceeds from your gift to be used.
It is also important for Golf Canada Foundation to know if you wish to be recognized for your contribution or prefer to remain anonymous. Please feel confident that any request for anonymity will be strictly honoured.
Click HERE to access securities forms
Contact
Joelle Efford – Senior Director, Development
Golf Canada Foundation
1-1333 Dorval Dr, Oakville, ON L6M 4X7
Toll-free: 1-800-263-0009, 905.849.9700 x265 Email: [email protected]