Gifts of publicly listed securities, such as stocks and mutual funds are excellent ways to support Glenbow Museum. Such gifts are simple and may provide a greater tax benefit than an equivalent gift in cash. Effective May 2006, the taxable portion of the capital gain has been reduced to 0%. In contrast, if the securities are sold and the cash then gifted to the charity, 50% of the capital gain is taxable.
Gifts of publicly listed securities are eligible for a tax receipt for the fair market value of the gift as assessed at close of the market on the date of transfer or delivery. Gifts of publicly listed securities can be made as a direct transfer of funds from a donors account to the Glenbow's CIBC World Market account.
For additional information on planned giving, please contact:
Melanie Dekker, Senior Development Officer
Tel: (403) 268 - 4208
All inquiries are confidential and without obligation.
The purpose of this web page is to provide information of a general nature only. Advice from your own legal and financial counsel should be sought when considering any gift arrangement.