A donation of publicly traded securities involves giving shares, bonds, or ANY other financial assets directly to West Island Community Shares.
Here are some key points about this type of donation:
Tax Benefits
Donors can benefit from significant tax advantages. By donating publicly traded securities, you can avoid paying capital gains tax while still receiving a tax deduction for the full market value of the donated securities.
Financial Support
For West Island Community Shares, receiving publicly traded securities provides immediate and substantial financial support. These securities are sold at the time of reception to support more than 40 local community groups helping those who need it most..
Simple Process
The process of donating securities is relatively straightforward. It typically involves transferring the securities from your brokerage account to West Island Community Shares' account. Detailed instructions and donor assistance are provided throughout the process by our staff who can be reached at [email protected]
Maximizing Impact
By donating publicly traded securities, you may be able to give more than if you liquidated the securities and made a cash donation, thanks to the tax savings achieved.
Why Donate Publicly Traded Securities?
Tax Benefits
Donors can benefit from significant tax advantages. By donating publicly traded securities, you can avoid paying capital gains tax while still receiving a tax deduction for the full market value of the donated securities.
Financial Support
For West Island Community Shares, receiving publicly traded securities provides immediate and substantial financial support. These securities are sold at the time of reception to support more than 40 local community groups helping those who need it most..
Simple Process
The process of donating securities is relatively straightforward. It typically involves transferring the securities from your brokerage account to West Island Community Shares' account. Detailed instructions and donor assistance are provided throughout the process by our staff who can be reached at [email protected]
Maximizing Impact
By donating publicly traded securities, you may be able to give more than if you liquidated the securities and made a cash donation, thanks to the tax savings achieved.
Why Donate Publicly Traded Securities?
- Tax Benefits: Maximize your tax savings while supporting more than 40 West Island Community Groups.
- Increased Impact: Your donation can be of greater value due to the lack of capital gains taxation.
- Immediate Support: West Island Community Shares can use the securities or converted funds to help support those who need it most.
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 |
$1876.00 |
$2300.00 |
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