Gift of Securities
Gifting publicly traded securities (stocks, bonds, or mutual funds) is the most tax-effective way to support Calgary Academy. By transferring shares directly to the school rather than selling them, you maximize your contribution and your tax savings.
The “Double” Tax Benefit
- Eliminate Capital Gains Tax: You pay $0 tax on the increase in the value of your shares (saving the usual capital gains tax you would pay if you sold them yourself).
- Full Tax Receipt: You receive a charitable tax receipt for the full fair market value of the shares on the day of transfer, which significantly reduces your income tax.
Result: The school receives a larger gift, and your net cost is lower than a cash donation.
How to Make a Transfer
To qualify for these benefits, you must transfer the securities directly to Calgary Academy’s brokerage account. Do not sell the shares first.
Step 1: Instruct Your Broker: Provide your financial advisor or broker with the transfer details on the form below to donate the shares from your account to Calgary Academy’s account at Raymond James Ltd.
Step 2: You or your advisor should notify Calgary Academy once the transfer is initiated. Electronic transfers often arrive without the donor’s name attached, so confirming your transfer ensures you receive your official tax receipt promptly.
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