Gifts of Stocks and Securities
Donate “In-Kind” Stocks, Bonds and Mutual Funds to Alberta Beyond Fossil Fuels – the most tax effective way to give
If you own publicly traded securities that have increased in value since you purchased them, using them to make your charitable donations is the most tax effective way to give. Here’s how. You may donate publicly traded securities, stocks and bonds as well as mutual funds held in a non-registered investment account by transferring them “in-kind” to Alberta Beyond Fossil Fuels. “In-kind” means that you do not sell the security and transfer cash as your gift. Rather your securities are transferred to Alberta Beyond Fossil Fuels brokerage account and Alberta Beyond Fossil Fuels sells them. (If you sell them first, you will pay tax on 50% of the capital gain.) You will receive a charitable receipt from Alberta Beyond Fossil Fuels for the full market value of the securities on the day you initiate the “in-kind” transfer and you pay no tax on the capital gain.
You can only donate securities that are held in a non-registered investment account. Investments held in a registered account (RRSP or RRIF) do not qualify for these tax savings. Always donate the stocks, bonds or mutual funds with the greatest capital gain because this will save you the most tax.
To make such a gift is easy:
Make a gift of securities quickly and easily online using our donation form below. You can also visit our charity profile page on the secure online platform, CanadaHelps, and complete the donation of securities form there.
Or: ask your financial institution to provide you with a third-party transfer form or charitable donation form.
Or: download, complete and sign our Securities Transfer Form for publicly traded securities and your financial advisor will initiate the transfer for you.
What happens when Alberta Beyond Fossil Fuels receives the shares?
It is our policy to sell the shares immediately upon receipt and convert to cash. Upon receipt of the transferred securities, Alberta Beyond Fossil Fuels will issue a charitable tax receipt based for the full market value of the securities on the day you initiate the “in-kind” transfer. The transfer of shares can take a few days or weeks in the case of mutual funds, please allow up to 4 weeks for this process to be completed.
