Stocks and Securities

Stocks and Securities

Stocks and Securities

Donating publicly traded stocks and securities is a tax-smart way to support United Way HPE, whether you do that now, or through your estate. You will receive a charitable tax receipt for the fair market value of the  donated security and you will not pay tax on any capital gain.

You can support the communities greatest needs or you may designate your gift to a priority that meets your   interests.

Benefits of gifts of stocks and securities:

  • The capital gain inclusion rate is zero when eligible stock or securities are donated directly to United Way HPE. If you sell the shares and donate the proceeds, you will be required to pay capital gains tax.
  • The value of your charitable tax receipt will be based on the market closing price on the day that United Way HPE receives your stock or securities in its brokerage account.

Save on your income taxes

Donations of stock shares, mutual funds or other forms of securities are all eligible for tax credits for their full current market value. To illustrate, here are two hypothetical scenarios:

How to donate Gift of Securities or Stock

  1. You or your broker will complete the Share Transfer Form. Please also note that this form is used to issue the donor’s tax receipt.
  2. Send the form to United Way’s brokerage firm, which is listed on the Share Transfer Form.
  3. Authorize your broker to transfer the securities to United Way’s broker account. Your shares will be sold immediately by United Way.
  4. A tax receipt and acknowledgment letter will be issued for the market value on the date of transfer. A United Way representative may also call you to verify information

 

It is always advised to consult your own financial advisor regarding your legacy giving plans.

To further discuss your options, please contact:

Brandi Hodge, Executive Director : bhodge@unitedwayhpe.ca or

phone : 613-962-9531