Gifts of Securities
Publicly traded securities donated to the BC Lions Society can provide you with more tax benefits instead of selling the stock first and then making a gift of cash from the sale proceeds. Gifts of securities can reduce your capital gains. Gifts of publicly-traded securities, such as stocks, bonds or mutual fund units is one of the least expensive way to make a gift to the Society.
On May 2, 2006 the Federal Government made this type of giving more attractive than ever before. If you own publicly-traded securities that have increased in value and you decide to sell them, 50 per cent of the capital gain is taxable. However, if you donate these securities "as is" to the Society or the BC Lions Society Foundation for Children with Disabilities, you will not pay any tax on the capital gain. The charitable tax credit you receive will offset tax on other income.
If you donate securities through a bequest in your Will, your estate receives the same benefits given today if you donated securities.
How to Give Gifts of Securities
Transferring your securities to BC Lions Society and Easter Seals BC/Yukon is easy. Please contact us at 604-873-1865 or email us for assistance and she will send you the form needed for your broker or answer any questions you have about the process.
You then contact your broker or financial advisor and discuss your wish to make a gift of securities. Your broker will contact the Society to arrange transfer of the securities to the Society’s brokerage account. The Society is then advised in writing upon receipt of the securities, as well as the value at closing on the day that your donation was received into Society’s account. We then issue you a charitable gift receipt for the amount of the gift.
Note: The information on this page can help facilitate discussions between you and your advisor. It is not intended as legal advice. We encourage you to seek advice from a qualified professional.