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Publicly traded securitiesYou can gift publicly traded securities (stocks, bonds, mutual funds, etc.) through MFC to benefit your favourite charities. These gifts have become popular as people discover the potential tax advantages and benefits to charity.
Instead of selling the securities, you transfer them to MFC in kind. MFC then sells the gifted securities 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, if made in kind to MFC, will generate greater tax savings for you 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 you:
- You receive a single charitable receipt from MFC based on the fair market value of the gift.
- You may recommend the distribution of your gift to the charities of your choosing.
- Your distributions to charity may be made anonymously.
- Your distributions to charity may be spread over a number of years.
MFC has trained personnel who can provide counsel and accurate information about these types of gifts. Contact an MFC Consultant today.
For answers to frequently asked questions, click here.
Other securities and propertyYou 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. We recommend that you consult a professional advisor before taking action. Contact an MFC consultant if you want to discuss this gifting option in more detail.