What is a Gift of Securities?
A gift of securities is a tax-effective opportunity to transform an asset of appreciated securities into an impactful gift for students. Publicly traded securities include shares, mutual funds and bonds traded on Canadian and most US stock exchanges. Canadians are no longer taxed on capital gain accrued on gifts of publicly traded securities donated directly to a registered charity.
- A gift of securities is a tax-effective opportunity to transform an asset of appreciated securities into an impactful gift for MRU students.
- The capital gains tax advantage can also apply to donations of publicly traded shares acquired through employee stock options.
How to Make a Gift of Securities
Step 1: Choose which securities to donate directly to Mount Royal University Foundation
Step 2: Contact us at gos@mtroyal.ca. Our team will work with you and your financial advisor to ensure a smooth transfer of your securities to MRU’s broker account.
Step 3: Mount Royal’s broker will sell the securities and direct the proceeds to the program area you have chosen with the help of our team.
Step 4: You will receive a charitable tax receipt equal to the closing value of the securities as soon as the securities are received in Mount Royal’s account.
For more information about the gift of securities please email gos@mtroyal.ca or contact the Foundation at foundation@mtroyal.ca.
Consulting Your Financial Adviser
It's important to consult your financial advisor before arranging a Gift of Securities. While you can choose to sell stocks and use the cash proceeds to finance a gift there are often advantages to directly donating your shares.
In this example chart, Raya has decided to support Mount Royal University’s Nursing program through a Gift of Securities. With advice from her financial advisor, Raya chooses to donate the shares directly to Mount Royal.
*Disclaimer: This chart is meant to show the general tax advantages of donating securities. Tax rates and benefits vary by province and individual income level. Consult a financial advisor for specific tax planning, particularly regarding your personal circumstances and charitable donation options."
MRU Foundation Finance and Information Officer
Advancement Services and Annual Giving
gos@mtroyal.ca
403-440-7758