A gift of securities is one of the most cost-effective ways to support Broadmead Care, immediately, or through a gift in your Will. When publicly listed securities are donated to Broadmead Care, the tax on the capital gains is eliminated. Any publicly listed securities, including shares, bonds, warrants, stocks, mutual funds, and segregated fund units qualify.
Giving securities is easy and tax effective:
- We will work with you and your advisors to ensure a smooth transfer, and a prompt donation receipt.
- Making the gift is straightforward: as most securities are held electronically, your broker can usually execute a transfer in one or two days. Even mutual funds can transfer quite quickly.
- You will receive a charitable tax receipt equal to the mid-point of the trading value, or the closing value of the securities, whichever is higher, on the date the securities are received in Broadmead Care’s account.
- We will sell the securities, and direct the proceeds to the cause you have specified.
- You can deduct the entire gift in the current year, or carry tax credits forward for up to five years.
