About Gifts of Appreciated Securities
Donating shares, bonds, futures, or units of mutual funds listed on a public stock exchange to Glenbow is one of the most tax effective ways to create an enduring legacy. Currently, the Canada Revenue Agency does not apply capital gains taxes on donations of publicly traded securities. However, if you choose to sell appreciated securities during your lifetime (or liquidated through your estate), taxes must be paid on 50 per cent of the capital gains on those securities.
You can leave your gift unrestricted and be confident it will address Glenbow’s areas of greatest need in years to come. Or you can choose to give to a particular area, such as new exhibitions, educational programming, or preserving the collections. Whatever you are passionate about at Glenbow, we will ensure your gift has a powerful impact on the community you care about.
Benefits
Tax Effective
You or your estate receives a tax receipt for the fair market value of your gift of appreciated securities. The taxable capital gain is eliminated by giving the securities directly to Glenbow.
Flexible
You can make an impact with a gift of appreciated securities during your lifetime or through a direction in your will.
Rewarding
You can make a meaningful gift to Glenbow without depleting cash reserves by putting some of your appreciated securities to work.
How to Arrange a Gift of Appreciated Securities
Download Glenbow’s Gift of Securities form and speak to your broker or investment manager about arranging an electronic transfer of publicly traded securities into Glenbow’s account.
Steps
- Forward the completed transfer form to your broker or investment advisor to initiate your electronic transfer of securities.
- Forward a copy of the completed form to Glenbow. Unexpected and/or unidentified transfers make it difficult to issue appropriate and timely tax receipts. A contact email is on the gift of securities form.
- The value of the tax receipt is based on the closing price of the security on the day the securities are received in Glenbow’s account, as per Glenbow’s standard procedure and Canada Revenue Agency regulations.
Here To Help
Thank you for considering a gift of securities to Glenbow. It’s an excellent way to save on tax and make a big difference in your community. We strongly advise you to consult with your lawyer or investment advisor to learn if a gift of securities is appropriate for your charitable and financial goals.
Contact Us
Looking for more information? Want to have a conversation about giving a gift of appreciated securities? Please contact:
Wendy Fallon
Director, Advancement Operations
wfallon@glenbow.org
