Gifts of securities
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By supporting the Canadian Cancer Society with a gift of securities, you eliminate the capital gains tax that you would have paid if you sold the securities and donated the proceeds. And you will receive a charitable tax receipt for your donation. Securities can include stocks, mutual funds, and employee stock options.
Donating appreciated stocks, mutual funds or stock options means you pay no tax on the capital gains and receive a tax receipt for the fair market value of the securities. This efficient alternative to cash provides a substantial tax incentive and gives you the satisfaction of seeing your gift put to use today.
A gift of securities is a thoughtful way to support our work saving and improving the lives of people affected by cancer through world-leading research, a compassionate support system and the advancement of healthy public policies. By making a gift today, you are part of a nationwide community that is changing the future for the nearly half of Canadians who are expected to be diagnosed with cancer in their lifetime.
To illustrate the added value of transferring a gift of securities, we’ve included the example below:
Sell stock and donate proceeds | Donate stock to the Canadian Cancer Society | |
Fair Market Value | 10,000 | $10,000 |
Initial cost of stock | $2,000 | $2,000 |
Capital gain (FMV less cost) | $8,000 | $8,000 |
Taxable gain | $4,000 (50%) | $0 |
Tax payable on gain (43.7%) | $1,748 | $0 |
Charitable gift receipt | $10,000 | $10,000 |
Tax credit (43.7%) | $4,370 | $4,370 |
Net tax benefit from donation | $2,622 | $4,370 |
Please consider a gift of securities in support of the Canadian Cancer Society and help change the future of cancer.
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For more information contact:
Maddy Ball
Coordinator, Leadership & Corporate Giving
maddy.ball@cancer.ca
securities@cancer.ca
What we do @(Model.HeadingTag)>
The Canadian Cancer Society works tirelessly to save and improve lives. We fund the brightest minds in cancer research. We provide a compassionate support system for all those affected by cancer, across Canada and for all types of cancer. As the voice for people who care about cancer, we work with governments to shape a healthier society. No other organization does all that we do to make lives better today and transform the future of cancer forever.
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This material is intended to provide general information and should not be construed as legal or other advice without first consulting with your legal and/or financial advisor.