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Gifts of Securities

Securities are a wonderful way to make a gift to the VRS and increase your tax savings. Donating securities is an attractive option for many donors because it allows them to eliminate the capital gains they might incur on publicly listed securities, mutual funds, or segregated funds of life insurance companies that are donated to a registered charity.

How does it work? It’s really quite simple:

The example below compares the possible tax savings for a donation of $50,000 in securities to the Vancouver Recital Society against the proceeds from simply selling the shares to make your donation, or donating cash:

The Benefit of a Direct Gift of Securities to the Vancouver Recital Society

Donate securities in-kind Sell your securities and donate the proceeds
Purchase price of securities

$10,000

$10,000
Present value of securities $50,000 $50,000
Capital gain $40,000 $40,000
Amount of your donation $50,000 $50,000
Subtract your charitable tax credit ($21,850) ($21,850)
Add tax on the capital gain $ 0 $ 8,740
After tax cost of your donation $28,150 $36,890


Marginal Tax Rate: 43.7% / Tax Credit: 43.7%

Benefits:

Tax receipt for gift to the VRS $50,000
Other income you shelter $13,110
VRS receives $50,000

If you have any questions about the benefits of donating this way, please feel free to contact Sara by phone at 604-602-0363 ext. 202 or by email.

We have created a downloadable form for you to use if you wish to donate to the VRS via transfer of shares; the process is straightforward and everything you (and we) need to know is contained in the form. Of course, if you have any questions, please feel free to contact Sara, and she will be happy to work with you to ensure a smooth transfer.

“Making my gift via transfer of securities is cost-effective and easy.”

– Lynn Kagan

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