Gifts of Securities
Donor Advised Fund:
Q: Is a donor advised fund for you?
A: We offer a simple solution to your annual or long term giving.
Q: Does your money earn a good return and benefit charity?
A: Contact us to learn how!
Click Here for Tax Changes that may affect you starting in 2024 and End of Year Giving Deadline Dates when donating using Appreciated Securities ….
How to Donate your appreciated securities to charity using CSS.
CSS is happy to help facilitate these gifts of stocks and mutual funds to Canadian charities you wish to support. CSS will then distribute your gift to as many charities as you wish using our Gift Distribution Service. Follow this simple process to make this happen, but please allow some time for these steps to take place.
- Contact Brian Dol to obtain our transfer forms or to ask questions
- Submit the Form to your broker/investment advisor to put the transfer into action
- Supply your information to CSS so we are expecting your gift to arrive
- CSS sells the securities, issues you a tax receipt and follows your requested instructions to:
- Send the gifts to the charities you authorized, or
- Deposit your gift into a CSS Donor Advised Fund (find out more here). You can then distribute gifts from the DAF through our MemberNET online service (find out more here) or by sending us a Letter of Direction (form here).
What is the advantage of gifting appreciated securities over simply writing a cheque?
We know you don’t give to charity just because of the tax breaks, but extra tax savings certainly can be helpful! Did you know that if you donate securities (stocks, mutual funds, etc.) which have increased in value that there are additional benefits other than just the tax receipt you receive?
When you sell an appreciated security for your own use, you’re required to pay tax on a portion of the capital gain (the amount the value has increased). However, if you give the security directly to charity in kind the government forgives the entire gain. If you are invested in stocks or mutual funds, you should consider discussing how you can use those investments to make your annual donations rather than writing cheques. You’ll be able to support the mission of your favourite charities just as you do now, but much more efficiently from a tax perspective! CSS also offers a simple-to-open Donor Advised Fund to hold your gift if you do not want to distribute it all immediately.
For further information contact Brian Dol below
Brian Dol
Financial Resource Officer
Christian Stewardship Services
Phone: 800.267.8890 Ext 220
Brian Dol
Financial Resource Officer
Christian Stewardship Services
Phone: 800.267.8890 Ext 220
