Tax deduction advantages have been created recently for Canadian taxpayers who make charitable gifts of publicly traded securities. The University of Windsor can now provide you with a tax receipt for the full appreciated value of a donation publicly traded securities, and those securities will not be subject to any capital gains tax.
Eligible securities include shares, debt obligations or rights listed on a prescribed stock exchange, a share of the capital stock of a mutual fund corporation, a unit of mutual fund trust, an interest in a related segregated fund trust or a prescribed debt obligation.
- There are no capital gains tax on your gift of publicly listed securities.
- Your tax receipt will be for the full value of the market closing price on the day your stock or securities are received in the University of Windsor’s brokerage account.
- You can claim charitable donations up to 75 percent of your net income. (A five year carry forward of any unused donation amount is permitted.)
- You can designate your gift to a university priority, program or project.
Making a gift of securities is also simple and easy. You can have your financial advisor transfer your securities electronically from your account to the University of Windsor’s account. The receipt value will be based on the closing trading price on the day the University of Windsor receives delivery of the securities.
The University of Windsor welcomes in-kind gifts (contributions of goods and services) such as equipment, computer hardware and software, books, artifacts and art. While in-kind donations are often received from businesses and corporations, individual donors also contribute many types of in-kind gifts.
Do you have a valuable collection of books and memorabilia? Are you able to donate equipment or other supplies that the University could use? If so, you could make a Gifts-in-Kind donation.
Gifts-in-Kind are eligible for the same tax benefits and recognition as other gifts to the University of Windsor.
Our staff in the Advancement Office at the University of Windsor are ready to assist you through the Gifts of Securities or Gifts in Kind process.
For more information please contact:
Acting Director, University Campaign, Office of the President
519-253-3000 ext. 3226 firstname.lastname@example.org