We have the ability to accept stock donations, so why not fully leverage this powerful and financially profitable tool. It works for you and it works for us.
Here’s an example: Suppose you have shares worth $10,000 with an adjusted cost base (ACB) of $5,000. If you sell the shares and donate the cash to charity, you’ll face tax of $1,125 on the sale (assuming a marginal tax rate of 45 per cent). You’ll then receive a $4,500 donation tax credit. The net tax savings will be $3,375 ($4,500 less $1,125). If you donate the shares directly to charity instead, the $1,125 tax bill is eliminated, saving you that much more money!
Many people choose to make gifts from their estates. A charitable bequest is a decision you make known in your will that instruct your executor to leave one or more of your assets, or a percent of your estate to a charitable organization. The bequest can be cash, securities (stocks or bonds), real estate, or other tangible personal property. Your estate will in turn receive a charitable tax receipt, which is applied to the final income tax return. We recommend that you consult your lawyer or estate planner regarding the specific wording of any charitable will bequests. We would be more than happy to meet with you and you planners to ensure your legacy is carried out to your personal wishes.
LEAVE A LEGACY
Mark a special occasion:
Consider marking a special occasion through charitable giving. In lieu of wedding, birthday, or anniversary gifts consider making a charitable donation. The recipient(s) of this thoughtful expression will be notified of your gift via a personal card in the mail.
Gifts can be made in memory of a loved one or friend. The family of the deceased will be informed of your generous donation. Contact us and we will be happy to assist you.
IN HONOUR GIFTS
For the cost of a cup of coffee you can help change the world
Become a monthly donor and become one of our 250 Friends of Upstream. The “250 Friends of Upstream” Campaign is designed to raise the $90,000 needed to meet our annual expenses associated with our Youth Program.
For $1/Day or $30 a month you help become a part of the solution.
You can ensure that youth in our community receive access to high quality mental health support, a place to call home, a bright future and a strong recovery.