Donating a Gift of Securities
Donating a Gift of Securities (GOS) is just like donating cash but better – for you, for MitoCanada, and for the MitoCommunity we all want to support. This giving solution is an absolute WIN-WIN-WIN that allows you to give more, save more and do more.
Here are just a few of the benefits of a Gift of Securities donation:
- you help MitoCanada while reaping the benefits of Canada’s generous charitable tax credit system
- you pay less tax because Capital Gains Tax is eliminated with appreciated GOS
- you get your tax receipt immediately for the fair market value (FMV) of the appreciated security
The following example illustrates the benefit of gifting securities to make a donation versus
selling the securities and donating the cash to charity:
| Sell securities and donate proceeds | Donate securities directly to MitoCanada | |
|---|---|---|
| Fair Market Value | $10,000 | $10,000 |
| Initial cost of stock | $2,000 | $2,000 |
| Capital gain (FMV less cost) | $8,000 | $8,000 |
| Taxable gain | $4,000 (50%) | $0 |
| Tax payable on gain (43.7%) | $1,748 | $0 |
| Charitable gift receipt | $10,000 | $10,000 |
| Tax credit (43.7%) | $4,370 | $4,370 |
| Net tax benefit from donation | $2,622 | $4,370 |
Complete the digital form below to donate your GOS now, or read through this additional information.