Donating securities that have generated sizeable capital gains provides both the donor and the WMFC with a win/win scenario. A gift of securities to the WMFC is one of the most financially sound and tax effective ways to support our programs.
When you donate stocks, mutual funds or other types of marketable securities to the WMFC, you pay no capital gains tax. The WMFC will receive the full amount of the donation and you will also receive an income tax receipt for the full amount of the gift.
An illustration of the benefits is below:
Transferring securities can be easily coordinated between your broker and the WMFC’s broker and an income tax receipt will be issued for the value of the securities at the date they are transferred to the WMFC. Please consider this fantastic opportunity if you have taxable securities that have generated sizeable capital gains.
Our form for donating securities is available at https://www.wmfc.ca/wp-content/uploads/2021/10/Securities-form-final.pdf.