It's easy to make a gift of securities!

The benefits of donating a gift of securities to The Children's Foundation of Guelph and Wellington are many. First, you will receive a tax receipt for the closing price of the securities on the day of the transfer to the Children's Foundation of Guelph and Wellington. Second, your donation is exempt from the capital gains tax that typically applies to the sale of a security. Finally, you will have the comfort of knowing that your donation is bettering the lives of children in need.

The Process

Complete The Children’s Foundation of Guelph and Wellington online Securities Donation form via CanadaHelps. The form can be found here: https://www.canadahelps.org/en/dn/s/61316 
  • Upon completion, you will receive an email confirming all of the details of your pledge.
Download, Sign & Send the Letter of Direction generated by CanadaHelps to your financial advisor/investment firm. This authorizes the transfer of shares to CanadaHelps.
  • The broker/financial institution acts on that direction and transfers the requested number of shares from your investment account to the CanadaHelps’ account.
  • CanadaHelps sells the securities on the day they are received from your broker/financial institution.
  • Once shares are sold, Canada Helps will send a confirmation email with your charitable tax receipt and disburse the proceeds to The Children’s Foundation of Guelph and Wellington.
A charitable receipt from CanadaHelps will be issued for the full market value of your securities based on the closing price on the day when the securities were transferred into CanadaHelps’ account.
Children’s Foundation Contact Person: Emma Rogers, CEO
Phone: 519.826-9551 Ext.24   Email: emma@childrensfoundation.org    

 

The Benefits

If you sell a security, you pay tax on 50% of the capital gain.

However, when you donate a gift of securities 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 price on the day of the transfer.

This multiplies the impact of the tax benefit of your charitable giving.

 

Selling Security

Donate Security

Market Value of Security

$10,000

$10,000

Cost Base

$5,000

$5,000

Captial Gain

$5,000

$5,000

Taxable Captial Gain (50%)

$2,500

$0

Tax Due on Gain at 46%

$1,150

$0

Tax Receipt for Gift

$10,000

$10,000

Value of Tax Receipt at 46%

$4,600

$4,600

Net Tax Savings

$3,450

$4,600

Example uses Ontario Federal and Provincial combined tax rate.

 

 Thank you for your support!



Children's Foundation of Guelph and Wellington
87 Waterloo Ave., Guelph ON N1H 3H6
Charitable Reg. No.: 140543430 RR0001