Securities and mutual funds donations are a strategic way to give

A donation of securities or mutual fund shares is the most efficient way to give charitably. With a donation of securities or mutual funds, capital gains tax does not apply, allowing you to give more by not paying tax on capital gains.

Please see the Below PDF for more information

Gift of Securities Form

For more information please contact:

Sasha Carter
Director of Legacy Giving

Ph: 250-862-4300 local 7011

EMAIL SASHA

Some Commonly Asked Questions About Donating a Gift of Shares

The short answer is, with proper planning, you’ll realize even more tax savings than you would with a gift of cash. Not only can KGH Foundation issue an official donation receipt (that can be claimed to save taxes) for the value of the publicly traded shares or mutual funds you transfer, you won’t have to pay tax on any capital gains realized. In other words, you get twice the advantages you would with a gift of cash

The ability to accept securities opens the door to more gift givers, as well as larger gifts, to support our work. Most gifts of securities are larger than the average cash gifts and the higher tax savings ultimately make charitable gifts less costly so donors are able to give more.

Usually a securities gift will be done by way of electronic transfer from your account to KGHF’s account. You will need to fill in the necessary form that will instruct your bank or investment firm to send your gift.

Tax planning is important here, including who should make the gift (for example, you or your company). It’s also important to be sure that the shares or mutual funds you want to transfer will qualify for the incentive (for example, not held in an RRSP, RRIF, or TFSA). Since the incentive relieves tax on capital gains, choosing securities with larger capital gains is typically a good approach.

No, you don’t have to use it only in the year the gift is made. Under current tax rules, gifts made in life (meaning not in a will) can be carried forward for up to five more years. Keep in mind there is no substitute for good tax advice, and as with most tax incentives, there are specific rules and conditions to follow.

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“I am inspired by how selfless people are – caring for others who they have never met and whose story they may never know.  But yet they give generously to make the situation of others better.  I have so much respect for those who act to make the world a better place.  In the end it all that matters.”