The 2006 Federal Budget contained good news for donors who are thinking about donating publicly traded stocks and securities.  Now, there are multiple tax benefits for donors giving gifts of publicly traded securities:

• Gifts of eligible securities are not subject to any capital gains tax.
• Donors will receive a tax receipt for the full appreciated value of the eligible securities.
• Donors may claim charitable donations of up to 75% net income with a five-year carry forward on any unused donation amount.

Eligible securities and qualified employee stock options

Eligible securities include a share, debt obligation, or right listed on a prescribed stock exchange, a share of the capital stock of a mutual fund corporation, a unit of a mutual fund trust, an interest in a related segregated fund trust, or a prescribed debt obligation. 

Donors giving shares acquired through a publicly-traded company stock option program receive comparable tax treatment provided the shares qualify for the stock option benefit deduction. With these gifts, the inclusion of the employee benefit (income) for tax purposes is reduced to zero if the shares are donated within 30 days of their acquisition.

Giving securities to The Banff Centre

Donating securities is easy to do and provides benefits to donors and to The Banff Centre.  Securities may be electronically transferred from your account to The Banff Centre’s account or endorsed stock certificates may be delivered to The Banff Centre.

Our development professionals would be pleased to provide you with step-by-step information about donating securities and to assist you with your donation.

I would like to know more about giving Flow-Through Shares.  Please contact me.