Gifts of Stock
Good News for Donors
The May 2, 2006 federal budget made it more attractive to donate publicly listed securities to public charities. These types of donations will be exempted from capital gains taxation. Examples of the types of donations you could make, that will most-likely lower your after-tax costs, are:
- If you own securities that have appreciated in value, you may wish to donate these securities rather than cash;
- You may wish to establish a share ownership plan as part of a lifetime commitment to charitable giving.
With your gift of securities to the Canadian Red Cross, you will receive a substantial tax benefit while helping the Red Cross deliver services that save lives, give comfort and preserve dignity. The Canadian Red Cross gratefully receives your gifts in the form of securities such as stocks and mutual funds.
For more information on how to transfer securities or to let the Red Cross know that a transfer will occur, please contact:
Tom Scinto, Fund Development - National Office at: 1-866-497-7449 (613-740-1957) or your local planned giving representative.
PLEASE NOTE: In order to receive the tax benefits, securities must be transferred and not cashed in first.
