Donate Securities
A gift of shares, bonds, or other securities is an effective way to leave a legacy and enhance your tax benefits.
Support Glenbow
Gifts of Appreciated Securities
Donating shares, bonds, futures, or units of mutual funds listed on a public stock exchange to Glenbow is one of the most tax-effective ways to create an enduring legacy. The Canada Revenue Agency does not currently apply capital gains taxes on donations of publicly traded securities. If you choose to sell appreciated securities during your lifetime (or liquidated through your estate), taxes must be paid on 50 per cent of the capital gains on those securities.
Benefits of Gifting Securities
Meet Your Philanthropic Goals
You can leave your gift unrestricted, or you can choose to give to a particular area. Whether you choose to address Glenbow’s areas of greatest need, new exhibitions, education programs, or other specific areas, your gift will have a powerful and lasting impact on your community.
Tax Effective
You or your estate receives a tax receipt for the fair market value of your gift of appreciated securities. The taxable capital gain is eliminated by giving the securities directly to Glenbow.
Flexible Timing
You can make an impact with a gift of appreciated securities during your lifetime or through a direction in your will.
Create Your Impact
Gifts of appreciated securities won’t deplete cash reserves, giving you greater ability deliver the impact you’re looking to create.
How to Arrange a Gift of Appreciated Securities
Download Glenbow’s Gift of Securities form and speak to your broker or investment manager about arranging an electronic transfer of publicly traded securities into Glenbow’s account.
Steps
- Forward the completed transfer form [link to PDF] to your broker or investment advisor to initiate your electronic transfer of securities.
- Forward a copy of the completed form to Glenbow at the contact email on the form. Unexpected and/or unidentified transfers delay the issuing of appropriate and timely tax receipts.
- The value of the tax receipt is based on the closing price of the security on the day the securities are received in Glenbow’s account, as per Glenbow’s standard procedure and Canada Revenue Agency regulations.
Here to Help
Thank you for considering a gift of securities to Glenbow. It’s an excellent way to receive tax benefits and make a big difference for a cause you care about. We strongly advise you to consult with your lawyer or investment advisor to learn if a gift of securities is appropriate for your charitable and financial goals.
Contact Us
Looking for more information? Want to have a conversation about giving a gift of appreciated securities?
Silvia Kallen
Vice President, Advancement
skallen@glenbow.org
403-991-5437