You can give a gift of publicly traded securities to Orchestra London and pay no capital gains taxes on the appreciated assets. If you own stocks or mutual funds that have grown in value, you will face a tax bill when you sell them. By donating them directly to Orchestra London you can reduce your tax bill and make a significant gift at the same time.

BENEFITS OF GIVING PUBLICLY TRADED STOCKS AND MUTUAL FUNDS

Opportunity
A time-limited opportunity to make a significant gift.

Tax Advantages
The charitable tax receipt effectively cancels the capital gains tax owing. By donating your stocks or mutual funds directly to Orchestra London you are cutting your tax bill in half.

Reduced Expenses
You can reduce the cost of making your gift to Orchestra London.

Simple and Convenient
The securities are easy to transfer. Your broker transfers the shares from your account to Orchestra London's account.

Recognition
You and your gift can be honoured during your lifetime.

HOW DOES IT WORK?
A donation receipt is issued for the fair market value of the security on the date of transfer. The securities must be transferred to Orchestra London and not be sold by you, the donor. The gift will not qualify for the reduced capital gain if the securities are sold and the cash then gifted to a charity.
For a more detailed explanation and example of the process, please click here.

SEEK EXPERT ADVICE
If you are thinking about transferring assets that have appreciated in value, you should seek expert advice from a tax specialist or your broker.  Orchestra London strongly recommends professional advice to ensure that your financial goals are considered, your tax situation reviewed, and your planned gift is tailored to your circumstances.

 

FORMS

To download the Orchestra London Charitable Donation of Securities Transfer Request Form, please click here.

To download the Revenue Canada Capital Gains on Gifts of Certain Capital Property Form T1170, click here.

For further information on gifts of securities, please call Rob Gloor, Executive Director at (519) 679-8558 ext. 227.

To make a donation, please call our box office at 519-679-8778 or visit us at 609 Wellington Street.

Donations of cash or securities can also be made online through canadahelps.org.