A gift of publicly traded securities is both simple and tax-effective. You receive greater tax benefit through a gift of securities than you would if you sold the securities and donated the cash proceeds to charity (see example below).
Gifts eligible for this preferred tax treatment can include any of the following securities:
Please contact one of our Gift Planning Officers for a personalized illustration of how you can make one of the most popular gifts to Queen’s University.
download Gifting Shares document (16KB)
An Illustration- Gifting Publicly Traded Securities
|Sell Shares & Donate Cash||Donate Shares Directly to Queen’s|
|Fair Market Value of Asset||$40,000||$40,000|
|Taxable Capital Gain||$10,000||$0|
Charitable Tax Credit
|Tax due on Capital Gain||$4,641||$0|
|After Tax Cost of Gift||$26,077||$21,436|
|Net Benefit to the Donor||
The after tax cost to you is about 54 cents on the dollar. Example assumes a 46.41% tax rate.
contact uswith your questions or for further information.
We strongly encourage you to consult with your lawyer, accountant, or other financial advisor before finalizing your planned gift.
Thank for your interest in our Gift Planning program.