Donating publicly traded securities--such as shares, bonds, or other financial assets—means transferring them directly to West Island Community Shares.
Here are some key points about this type of donation:
The Benefits of Donating Publicly Traded Securities
Donating publicly traded securities—such as stocks, bonds, or mutual funds—is a powerful way to support West Island Community Shares. This type of gift offers unique advantages for both the donor and the community.
Maximize Your Tax Benefits
When you donate securities directly, you can avoid capital gains tax and still receive a charitable tax receipt for the full market value of the asset. This often results in greater tax savings compared to selling the securities and donating the proceeds.
Make a Greater Impact
Thanks to the tax efficiency of this donation method, you may be able to give more than you could with a traditional cash donation—without increasing your out-of-pocket cost.
Provide Immediate Support
Donated securities are typically sold upon receipt, allowing West Island Community Shares to quickly convert your gift into funding for over 40 local community groups. Your contribution helps provide essential services to those who need it most.
Easy and Supported Process
The transfer process is simple and straightforward. We provide clear instructions and personalized support every step of the way. If you have questions or need assistance, our team is here to help at [email protected].
Why Consider This Type of Gift?
The Benefits of Donating Publicly Traded Securities
Donating publicly traded securities—such as stocks, bonds, or mutual funds—is a powerful way to support West Island Community Shares. This type of gift offers unique advantages for both the donor and the community.
Maximize Your Tax Benefits
When you donate securities directly, you can avoid capital gains tax and still receive a charitable tax receipt for the full market value of the asset. This often results in greater tax savings compared to selling the securities and donating the proceeds.
Make a Greater Impact
Thanks to the tax efficiency of this donation method, you may be able to give more than you could with a traditional cash donation—without increasing your out-of-pocket cost.
Provide Immediate Support
Donated securities are typically sold upon receipt, allowing West Island Community Shares to quickly convert your gift into funding for over 40 local community groups. Your contribution helps provide essential services to those who need it most.
Easy and Supported Process
The transfer process is simple and straightforward. We provide clear instructions and personalized support every step of the way. If you have questions or need assistance, our team is here to help at [email protected].
Why Consider This Type of Gift?
- Tax Advantages: Offset capital gains and receive a full-value tax receipt.
- Stronger Giving Power: Stretch the value of your donation through tax savings.
- Direct Community Impact: Your gift helps fund vital programs for vulnerable individuals and families across the West Island.
EXAMPLE |
Sell your shares and donate the net value after income tax |
Donate your shares to West Island Community Shares |
Initial purchase cost of shares |
$1000 |
$1000 |
Current market value |
$5000 |
$5000 |
Capital gain |
$4000 |
$4000 |
Capital gain tax |
$920 |
$0 |
Donation value after tax |
$4080 |
$5000 |
Value of your tax credit for charitable donation |
$1876 |
$2300 |
To learn more or begin the process, contact our Financial Controller, Sara Sorial, who will guide you every step of the way.
|
1 - CALL YOUR BROKER |
3 - SEND US THE FORM |
