SECURITIES & PROPERTY

Cash is not the only way to make a donation. Many people do not realize that they have the means to make a significant donation and that securities and property can be the source of a major gift.

Securities

Any securities, such as stocks, bonds and GICs may be donated. They are as good as cash and have the same, or better, tax benefits to the donor. The gifting of publically listed and traded securities after February 17, 1997, receive a special advantage for the donor. When assets are given as a gift, only 25% of the gain has to be included in taxable income, versus 66% for any other asset. Yet, the Foundation can still receipt the full 100% of market value.

Although the process of donating securities is rather straightforward, please contact the Foundation and your financial advisor before proceeding. To take advantage of the tax situation "the securities must be donated DIRECTLY to the Foundation". If the securities are cashed in they are taxed at the normal rate.

The transfer may include electronic transfer as well as the physical transfer of the securities or certificates.

Property

The definition of "property" includes anything that can be invested or converted into cash. This may include real estate, cultural goods, personal goods or business assets.

The Foundation is interested in assisting all donors make the best choice through effective planning and we would like to meet with the donor and their advisors to discuss any property transfers.