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Donation on stocks
One of the ways the most beneficial ways to give*
Did you know that, more and more people include planned giving in their estate?
- Through a testamentary bequest
- Through transfer of stocks and securities,
- Through transfer of a life insurance policy
- Lifetime donations
- Pension plan assets
Simple procedure to donate stocks or securities
A charitable receipt is issued for the fair market value of your contribution. You get a non-refundable tax credit which will reduce your tax on taxable income. Use it for the year in which you made your donation or defer it for up to five years. You pay no tax on capital gains for the appreciation (increase in value) of your securities. By donating securities, donors pay no tax on capital gains which increases return on investment. It also protects your tax incentives, which you can use for other taxable income.