Gifts of Securities Information
Click here to learn more about the benefits of donating appreciated securities.
A few things to note about gifting securities:
- DO NOT SELL the securities yourself; they must be gifted in-kind to the Foundation following the process explained here.
- Complete these two easy-to-to complete forms:
Form 1: Direction to Transfer Securities or Mutual Funds Electronically as a Charitable Donation
Complete this form to give your financial advisor/broker the instructions to make the gift to the Foundation. The form contains all the information your advisor will need to make the transfer. He/she will then submit this form to our broker at CIBC Wood Gundy to advise that the transfer is pending.
Form 2: Notice of Transfer of Securities
Complete the form, linked above in bold, and send it to us to advise us of your gift, and instruct as to what you would like your donation to support.
What happens after I have made the gift?
- You will receive an official donation receipt for income tax purposes for the value of the securities when they are received by us.
- Following our policy and best practice, they are then sold by our broker at CIBC Wood Gundy as soon as possible (usually the morning of the next trading day).
- Due to this short trading delay, there is often a gain or loss on the sale of the security; this impacts the actual proceeds available for distribution, but not the amount on your receipt.
- The net proceeds from the sale (proceeds less fees) are available for distribution per your instructions.
1. There are no fees charged by the Foundation for gifts directed to any funds held by the Foundation.
2. An administration fee is charged for “flow through” gifts: donations made to the Foundation that are immediately directed to other charities.
3. CIBC Wood Gundy charges the following brokerage fees to the donation: Under $10,000 – $0 | $10,000 to $19,999 – $150 |$20,000 to $29,999 – $200 | $30,000 to $39,999 – $250 | $40,000 to $49,999 – $300 |$50,000 and above – $350
For Professional Advisors
Benefits of Working With Us
Tools and Resources
How to Set Up a Fund
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