By making a direct gift of publicly traded securities to the ROM, you can achieve far greater tax savings than by donating the cash proceeds from the sale of the securities.
When you make a gift of stocks, bonds, futures, options, or shares in mutual funds, you pay no tax on the capital gains earned. This could provide a tax saving of up to 50%. A charitable tax receipt is issued for the fair market value of the securities on the date they are transferred to the ROM.This is a great way to reduce the out-of-pocket expense of making a donation. It’s cost-effective and straightforward.
To make a donation of securities to the ROM, simply instruct your financial institution or broker to contact CIBC's Inverstor's Edge to advise of the pending transfer of securities. Your broker will be required to provide the information in the Gift of Securities Form (please see below) to initiate the process.
We then ask that you kindly advise the ROM Governors of the pending donation by forwarding a copy of the Gift of Securities form to Jennifer Lovelock at email@example.com or 416.586.5649 (fax). You can also reach Jennifer by telephone at 416.586.7908 for any questions. Thank you for your generous support of the ROM!