Gifts of Securities
Elimination of Capital Gains Tax on Gifts of Publicly Listed Securities Makes Gift Planning Exceedingly Attractive
Effective immediately, you can donate publicly traded securities to Inter-Varsity with no tax at all on the accrued capital gain. This means you will benefit from significant tax savings by donating a gift of securities to Inter-Varsity. Changes announced in the 2006 Federal Budget make it much more attractive to donate gifts of publicly traded securities, such as stocks, bonds and mutual funds.
The donation must be an “in kind” transfer of the security itself, not the cash proceeds from the sale of the security, in order for these new changes to apply to your donation. Such a transfer is easily made electronically from your investment account to Inter-Varsity’s brokerage account.
For people who have much of their finances tied up in investments, or who are sitting on significant accrued capital gains, securities are an ideal way to make a donation. If you own publicly traded securities or mutual funds that have increased in value, you may want to consider donating them directly to Inter-Varsity.
For more information about gift of securities, please contact us at firstname.lastname@example.org or 1-800-668-9766 ext. 179.