Gifts of securities (publicly-traded securities such as stocks, bonds, mutual funds or employee stock option shares) can be a very attractive way to make a gift to Algoma University. In 2006 the Federal Government eliminated the capital gains tax on gifts of publicly traded securities to registered charities. Significant tax savings could be yours when you make a gift of securities to Algoma University.
As a donor:
You will receive a charitable tax receipt for the fair market value of the gift of securities. Value is determined by the price of the security on the closing date when the gift is received by Algoma University.
Your capital gains tax could be eliminated when you make a gift of securities to Algoma University.
If you donation exceeds your eligible amount for a tax credit, in the year you make the gift, you can carry forward your tax credit for up to five years.
Gifts of securities should be made in consultation with your financial or tax advisor. Find out how you can make a significant gift to Algoma University and receive considerable tax savings.
For more information about planning a gift to Algoma University, please contact a member of our Gift Planning Team.
You can invest right now in the future of your community by contributing to The Algoma University Foundation through a secure, online transaction at Canada Helps.