Gift of Securities
Gifts of securities are the most tax-effective way to make a donation, while helping friends and neighbours in need.
Did you know that if you sell a security, you pay tax on 50% of the capital gain! However, when you donate a gift of securities to United Way Leeds & Grenville the taxable capital gain is completely eliminated and you receive a tax receipt for the full market value of the security in the amount of the closing trading price on the day United Way Leeds & Grenville receives the security.
Giving a gift of securities is easy:
1. You or your broker will complete the Gift of Securities Form Transfer Form
2. Send the form to United Way’s brokerage firm, which is listed on the Gift of Securities Form Transfer Form
3. Authorize your broker to transfer the securities to United Way’s broker account. Your shares will be sold immediately with the proceeds will be sent to United Way Leeds & Grenville.
4. A tax receipt and acknowledgment letter will be issued for the market value on the date of transfer. A United Way representative may also call you to verify information.
Please speak with your financial advisors about the tax benefits of donating shares. For more information about Gift of Securities please contact Christine Radford at firstname.lastname@example.org or call 613-342-8889. We will be happy to work with you and your broker.