SECURITIES
Make a Tax-Efficient Gift of Stocks
Charitable giving via gifts of publicly traded securities (stocks, bonds, segregated funds or mutual funds) is a cost and tax effective opportunity to transform an asset into respiratory care in British Columbia.
Benefits of Donating Securities
Avoid Capital Gains Tax
Your direct donation can eliminate capital gains tax, allowing more dollars to gift to TB Vets and tax credits for yourself.
Receive a Tax Receipt
Your charitable donation receipt will reflect the market value of the securities on the day of your transfer.
Sample Comparison Chart of Savings
|
Sell securities for cash and donate after-tax proceeds |
Donate securities directly to TB Vets |
|
|---|---|---|
| Original Cost of Securities | $500 | $500 |
| Current Market Value | $2,000 | $2,000 |
| Capital Gain | $1,500 | $1,500 |
| Tax on Capital Gains* | $337 | $0.00 |
| Donation Amount After-Tax | $1,663 | $2,000 |
| Your Charitable Tax Credit** | $679 | $827 |
TB Vets receives $337 more.
**Used Federal and BC charitable tax credit
How To Transfer Securities
1 Click the yellow “Start Donating Securities Now” button to download and save our Authorization to Transfer Form. Complete the form (you may need your broker’s assistance) and advise your broker or investment advisor of your wish to make a gift of securities to TB Vets Charitable Foundation.
2
You broker will deliver the form and the securities to our agent, Worldsource Financial Management Inc.
- For account of: TB Vets Charitable Foundation
Account number:
WS0-ZZ71-A (CDN$) & WS0-ZZ71-B (US$)
Contact: Michael O’Connor, CFP
Phone: 604.467.1274
Email: moconnorcfp@perpetualwealth.ca
3 Upon receipt of the transferred securities (which may take up to two days – or a few weeks in the case of mutual funds) to the Foundation’s brokerage account, Worldsource Financial Management Inc. will advise us in writing of the receipt of the securities and the closing bid value.
4
We will issue an official receipt to you, for income tax purposes, for the market closing price on the date they are received in our TB Vets investment account.
5
It is the Foundation’s policy that securities, once received by the Foundation or its broker, may be sold or added in specie to the Foundation’s investment account in accordance with the Foundation’s investment policies.
Get in Touch
Thank you for your interest in donating securities to TB Vets Charitable Foundation. If you have any questions or concerns, please do not hesitate to call or send us a message:
Chief Accounting Officer
Phone: 604.874.5626 | Email: tiffany@tbvets.org
