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Gift of Securities
The 2006 Federal Budget made donating securities a very attractive option for many donors because it eliminated capital gains on any publicly listed securities, mutual funds, and segregated funds of life insurance companies that are donated to registered charity. Simply put, the larger the accrued capital gains on the security prior to the donation, the greater the tax benefit to the donor.
Things to consider when making a Gift of Securities:
How It Works?
The example below compares the possible tax savings for a donation of $50,000 in securities to St. George’s against the proceeds from simply selling the shares to make your donation or donating cash:
Marginal Tax Rate: 43.7% / Tax Credit: 43.7%
Benefits:
Things to consider when making a Gift of Securities:
- Highly appreciated securities provide the means to make a low-cost significant gift.
- Before you donate securities to St. George’s, make sure you contact our Advancement Office. We will provide you with the information you and your broker need to make giving securities easy. We also need to have a conversation with you about how you would like the eventual proceeds from your gift of securities put to use
- The School will issue you a charitable tax receipt for the fair market value of the gift to be used for tax purposes. The fair market value will be the closing price of the securities on the date the securities are delivered or transferred to St. George’s.
How It Works?
The example below compares the possible tax savings for a donation of $50,000 in securities to St. George’s against the proceeds from simply selling the shares to make your donation or donating cash:
The Benefit of a Direct Gift of Securities to St. George's School
| Donate securities in-kind | Sell your securities and donate the proceeds | |
| Purchase price of securities | $10,000 | $10,000 |
| Present value of securities | $50,000 | $50,000 |
| Capital gain | $40,000 | $40,000 |
| Amount of your donation: | $50,000 | $50,000 |
| Subtract your charitable tax credit: | ($21,850) | ($21,850) |
| Add tax on the capital gain | $ 0 | $ 8,740 |
| After tax cost of your donation | $28,150 | $36,890 |
Marginal Tax Rate: 43.7% / Tax Credit: 43.7%
Benefits:
| Tax receipt for gift to St. George's School: | $50,000 | |
| Other income you shelter | $13,100 | |
| St. George’s receives | $50,000 |
Note: The annual limit for claims in respect of charitable donations is generally 75% of net income for the year. This limit is increased to 100% in the year of death or the year prior.
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St. George’s School acknowledges that we are situated on the unceded traditional territory of the Musqueam First Nation.
Contributions to St. George's School Foundation are eligible for tax receipts as prescribed by Canadian law. St. George's School Foundation's Charitable Registration Number is: 11917-5511 RR0001.
Contributions to St. George's School Foundation are eligible for tax receipts as prescribed by Canadian law. St. George's School Foundation's Charitable Registration Number is: 11917-5511 RR0001.
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