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Publicly traded securitiesYour clients can gift publicly traded securities (stocks, bonds, mutual funds, etc.) through MFC to benefit their favourite charities. These gifts have become popular as people discover the potential tax advantages and benefits to charity.
Instead of selling the securities, they can transfer them to MFC in kind. MFC then sells the gifted securities and will distribute the proceeds immediately or over time to the charity or charities. Or the gift may be managed for the ongoing benefit of charity. MFC provides a charitable receipt for the fair market value of the gift. Your clients may recommend to MFC the charities they want to support with their gift.
A gift of appreciated publicly traded securities, if made in kind to MFC, will generate greater tax savings for your clients compared to selling the securities and donating the cash proceeds. If the securities are donated in kind, the capital gains inclusion rate is reduced from 50% to 0%.
How this benefits your clients:
- They receive a single charitable receipt from MFC based on the fair market value of the gift.
- They may recommend the distribution of their gift to the charities of their choosing.
- Their distributions to charity may be made anonymously.
- Their distributions to charity may be spread over a number of years.
For answers to frequently asked questions, click here.
Other securities and propertyYour clients can also donate other assets, such as private company shares, real estate, farm property, business or commercial property for the benefit of charity.
Gifts of this nature can be complex transactions. Contact an MFC Consultant if you want to discuss this gifting option in more detail.