Securities and Property
You can gift securities or property through MFC to benefit your favourite charities. These gifts, whether publicly traded securities, investment assets (such as company shares), real estate, farm property, business or commercial property, or art, have become popular as people discover the potential tax advantages and benefits to charity.
Instead of selling the asset, you transfer it to MFC "in kind.” MFC then sells the gifted asset and makes the cash available to distribute to charity or to be managed for the ongoing benefit of charity. MFC provides a charitable receipt for the fair market value of the gift. You may recommend to MFC the charities you want to support with your gift.
A gift of appreciated publicly traded securities (stocks, bonds, mutual funds, etc.) if made in kind to MFC will generate a greater tax savings for you compared to a donation of cash. The capital gain inclusion rate is reduced from 50% to 0% for this type of gift.
How this benefits you:
- You receive a single charitable receipt from MFC based on the fair market value of the gift to charities of your choosing.
- There may be additional tax savings as compared to donating cash.
- You may direct the distribution of your gift to charities of your choosing.
- Your distributions to charity may be made anonymously.
- Your distributions to charity may be spread over a number of years.
Gifts of property and securities can be complex transactions. We recommend that you consult a professional advisor before taking action. MFC has trained personnel who can provide counsel and accurate information about these types of gifts. Contact a MFC consultant today.