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Stock and Securities

Gifts of Stocks & Securities

Donating Securities to United Way—it’s fast, it’s easy, and both you and your community benefit!

Recent changes to the Federal Budget now state that you are no longer subject to capital gains tax when you donate publicly traded securities to qualified charities. You are also still entitled to receive a charitable tax receipt for the fair market value of the securities donated. As a result, donating securities to United Way Burlington & Greater Hamilton may produce a greater tax benefit than selling the shares first, and then donating the cash.

Click here and fill out this form to get started.

How Does It Work

The securities must be transferred to United Way Burlington & Greater Hamilton and not be sold by the donor. The gift will not qualify for the reduced capital gains tax if the securities are sold and the cash then gifted. A charitable tax receipt is issued for the fair market value of the security on the date of transfer.

Here is a simplified example to illustrate the benefits. In the first option, you transfer the shares directly to United Way Burlington & Greater Hamilton. The second option involves selling the shares and then giving the cash to United Way Burlington & Greater Hamilton.

  Option 1
Donate security "in kind"
Option 2
Sell security & give cash
Net Tax Savings $4,600 $3,450
Market value of security $10,000 $10,000
Cost base $5,000 $5,000
Capital gain $5,000 $5,000
Taxable capital gain (50%) $0 $2,500
Tax due on gain at 46% $0 $1,150
Tax receipt for gift $10,000 $10,000
Value of tax receipt at 46% $4,600 $4,600

Disclaimer:  This information is general in nature and does not constitute legal or financial advice. United Way recommends that before making any gift of securities of any size, a donor consults with his/her professional financial advisor(s) for the tax, financial and/or estate planning implications.  Individual circumstances differ and you are strongly encouraged to discuss with your own financial counsel to ensure your gift decisions are appropriate to your situation.

Benefits To You

  • Tax Advantages

    By donating your appreciated securities or mutual funds directly to United Way Burlington & Greater Hamilton you can eliminate your capital gains tax bill.

  • Reduced Brokerage Fees

    Many brokerage houses forego fees for charitable transactions.

  • Simple and Convenient

    Securities are easy to transfer. Your broker transfers the shares from your account to United Way Burlington & Greater Hamilton brokerage account.

  • Opportunity

    An opportunity to make a greater difference in your own community.

  • Recognition

    Your gift can be honoured during your lifetime.

Find Out More

If you are thinking about transferring assets that have appreciated in value, please seek expert advice from a tax specialist or your broker to ensure that your financial goals are considered, your tax situation reviewed, and that your gift is tailored to your circumstances. If you would like to know more about making a gift to United Way, please contact Robyn Knickle at 905-527-4576 ext. 234  Thank you for helping United Way Burlington & Greater Hamilton create opportunities for a better life for everyone.