A gift of publicly traded securities can provide you with the unexpected means to make a significant contribution to Kingsway College School at a relatively low-cost to you.
Gifts of Securities
By making a gift of equities, bonds and mutual fund units to KCS, your taxable capital gain is eliminated.
In contrast, if you choose to sell appreciated securities during your lifetime, or if these assets are liquidated through your estate, taxes must be paid on 50 per cent of the capital gains on those securities. Donating securities to a registered charity such as KCS, provides an opportunity to eliminate a significant tax liability that would otherwise eventually have to be paid.
Advantages of Gifting Securities
KCS will issue you a charitable tax receipt for the fair market value of the gift of securities to be used for tax purposes. The fair market value will be the closing price of the securities on the date the securities are received.
If your donation exceeds the amount eligible for a tax credit in the year your gift is made, the excess credit may be carried forward up to five years.
If you leave securities to KCS through your Will, your estate will receive the same tax benefits. Gifts made through your Will can be claimed up to 100 percent of your net annual income in the year of death and the year preceding.
Making Your Gift to KCS
Any gift planning should be done in consultation with your financial or tax advisor.
Additionally, we ask you to also contact Hallie McClelland, Director of Advancement for information that you and your broker need to make giving securities easy and to discuss how you would like the proceeds from your gift to be used.