A gift of securities provides an innovative and creative way to make a charitable gift and can include stocks, bonds, and mutual funds. Federal incentives introduced in early 2006 have made it very attractive to donate publicly listed securities that have appreciated in value. Canadians are not taxed on the capital gain when they donate securities to a charity.
When securities are donated to Theatre Calgary, a charitable receipt is issued for the fair market value of the gift. This is determined by the closing price on the date the securities are received by Theatre Calgary.
Transferring securities is easy. To initiate a transfer, print and complete a securities transfer form and send a copy to your broker and Theatre Calgary. This authorizes your broker to transfer the securities to Theatre Calgary.