When you make a gift of appreciated securities to Bishop's you receive a charitable tax receipt for their full market value and avoid paying the capital gains tax. Donating securities is a simple transaction which can easily be facilitated by your investment advisor in conjunction with the University Advancement Office.
The example below illustrates the benefits of donating appreciated securities. It assumes that you are a resident of Ontario in the highest tax bracket.
| Sell securities, then donate proceeds | Donate securities directly |
Current value | $18,750 | $18,750 |
Cost | $6,250 | $6,250 |
Capital gains | $12,500 | $12,500 |
Taxable capital gains | $6,250 | $6,250 |
Capital gains tax | $2,900 | $0 |
Donation to Bishop's | $18,750 | $18,750 |
Tax credit | $8,700 | $8,700 |
Total Tax Savings | $8,700 | $11,600 |
Blair Shier '79 regularly donates securities to make his charitable gifts to Bishop's in support of Gaiter Athletics.
“Giving annually with securities is an effective way to minimize the taxes I pay while maximizing the size and impact of my charitable giving to Bishop's.”
