Gifts of securities are the most tax-effective way to make a donation, providing tax benefits while helping friends and neighbours in need. Gifts of appreciated assets, such as securities, are very popular and may provide you with even greater tax benefits than charitable gifts made in cash. Donations of publicly listed securities to United Way are exempt from all capital gains taxation. Please speak with your financial advisor to learn how this would work for you.
Through the donation of shares to United Way, you are able to limit the tax paid on capital gains, and receive a charitable tax receipt for the market value of your publicly traded shares.
Please note: the legislative changes to the Alternative Minimum Tax (AMT), effective January 1st 2024 may impact the effect of tax benefit obtained from the gifts of publicly listed securities and it is important that you please consult with your Advisor for more information.
Please speak with your financial advisors about the tax benefits of donating shares. For more information about Gift of Securities contact finance@unitedwaykfla.ca
"For years we have made our gift to the United Way by donating shares of publicly traded companies because it is so tax efficient. By donating shares held in a non-registered account, not only do you get a charitable tax receipt for the full market value of the securities, but you also avoid paying the capital gains tax that you would incur if you were to sell the shares. Please discuss this option with your advisor."
