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Wilfrid Laurier University Development
August 31, 2014
 
 
Canadian Excellence

Gifts of securities



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Significant donations, significant benefits

There are many benefits to donating gifts of securities to Laurier. As a donor you will receive great tax benefits and receive an immediate tax receipt.

Gifts of securities - that is, gifts of stock, bonds, and mutual funds - have become a popular choice for donors. And now, there's even greater reason to give: effective May 2, 2006 the federal government eliminated the capital gains tax on gifts of security to charitable organizations. Donors can now donate listed securities to Wilfrid Laurier University, obtain a tax receipt for the market value of the gift and are completely exempt from any capital gains tax. The tax provision applies whether the securities are donated outright in a given year, or are donated through a bequest in your will.

Previously, donors were required to pay a capital gains tax on the donation of their securities. That tax substantially reduced the benefit of the charitable donation tax credit.

If you car considering a gift to the university and you own appreciated securities, please consider the alternative of making your gift in the form of securities. Also, if you are considering selling all or a portion of your investment in securities that has appreciated significantly, you may want to consider donating a portion of the shares to the university. You could use the charitable donation tax receipt to eliminate the capital gains tax that you would otherwise have had to pay on the rest of the securities you plan to sell.

This provision also applies to individuals who may hold flow-through acquired as an employee stock option, so long as they are publicly traded.

Most gifts of securities are made through and electronic bank-to-bank transfer, and can be done in a very short timeframe. Individuals wishing to make a gift of securities are required to sign a simple transfer of securities form authorizing the gift. 

You can find more more information on gifts of securities here. To access a Gift of Securities Form, please click here.


For more information, please contact:

Cec Joyal 86
Development Officer
Individual and Planned Giving
(519) 884-0710 Ext 3864
cjoyal@wlu.ca

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