Gifting Publicly Traded Securities

 
To encourage individuals to increase their giving, taxation of capital gains triggered upon the disposition of securities donated to certain charitable organizations and foundations was eliminated, effective May 2, 2006.
Donating appreciated securities as part of a taxpayer’s charitable giving program provides significant benefits to both the recipient charity and the donors. The charity receives a gift equal to the fair market value (“FMV”) of the security, while the net after tax donation cost to the donor is significantly reduced. The larger the accrued capital gain on the donated security, the greater the benefit to the donor.

By making an outright gift of appreciated securities, the donor will receive a donation receipt for the fair market value of the security.

The  United Way of the Lower Mainland  has established an account with me for the purposes of making donations of  stocks, bonds or mutual funds . Please contact me directly for more details.

*This information is general in nature and is not intended to be professional tax advice. Donations should not be made for tax considerations alone. Each donor's situation is unique and advice should be received from a tax professional.”

 Donate stock get a tax break by Arthur Drache