A gift of marketable securities can be a tax-effective way for you to make a donation in support of Drea. The tax on your investment’s capital gain (the difference between what you paid for the securities and their current value) is reduced to zero. This doubles the savings for you as there are no taxes on the capital gain and you receive a charitable tax receipt for the value of the securities,* just as if you donated the equal amount in cash.
Securities eligible for gifting to CancerCare Manitoba Foundation are listed securities or publicly traded securities, which include:
- Stocks and bonds
- Treasury bills
- Mutual funds offered by most Canadian mutual fund management companies
We encourage you to discuss your intentions with your legal and/or financial advisors to help choose the best gift for you.
CancerCare Manitoba Foundation has engaged the services of BMO Nesbitt Burns to facilitate the receipt of security donations. Please complete and submit this downloadable Securities Transfer Form to Karen McIvor, Vice President, Senior Wealth Advisor, BMO Nesbitt Burns. Should you require additional information, please contact Karen directly: firstname.lastname@example.org.
To have your gift count toward this tax year, please ensure your securities are transferred before December 31, 2019. Please consult with your financial manager regarding the timeframe to complete the transfer.
Thank you for considering a gift in support of Drea. Your generosity will give hope to Mike and Mandy for a cure to Drea’s cancer one day.
* The amount of your charitable tax receipt is based on the fair market value of the securities, as determined by their closing price on the date of transfer to the Foundation.