Donate Stocks or Securities
A donation of stocks or securities is a highly efficient way to give charitably while making a big impact.
The difference between the price you paid for the stock and the value of the stock on the day you sell it is called capital gains. If you sell the stock, capital gain is considered income and is therefore taxed at a rate of 50%. However, if you donate your stock directly to CODE you will pay no tax on the capital gain. You have double the tax savings because you will also be able to claim the charitable tax receipt for the donation.
These tax savings are only realized if the stock is donated directly to CODE rather than donating the proceeds of the sale of the stock. Everyone’s financial situation is different. Please consult with your own financial planner or banker before making a gift of stocks.
Resources
To donate shares to CODE, download the instructions and Share Transfer Form.
Get in Touch
Andrea Helfer
Director, Fund Development and Marketing
ahelfer@code.ngo
613.232.3569 x232