Gift of Securities online form

Gift of Securities online form

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Donating publicly traded stock and securities directly to Bishop’s University is a tax-smart way to support our students. You will receive a tax receipt for the full appreciated value of the donated securities on the day they were received by Bishop’s, and you will not have to pay capital gains tax.

Conversely, if you cash in the securities yourself with a view of donating the proceeds, 50% of the gain will be taxable. In other words, it is more advantageous to transfer stock directly to Bishop’s than to cash it and make a donation. You and your broker can electronically transfer these types of gifts electronically into the Bishop’s account by using this form below.

INSTRUCTIONS AND INFORMATION:

  • Please ensure your broker has all of the information in this declaration.
  • Please notify the University Advancement Office of your intentions in one of the following ways:
  • The value of the securities transferred is established based on the closing market value of the securities on the day they are received by Sherbrooke Street Capital. A tax receipt will be issued for this amount, subject to any instructions to the contrary.

Donor Information

Security Information

Funds Transfer Information

Receiving Financial Institution

Name of Institution: Sherbrooke Street Capital/NBCSN

FINS #: T080    DTC #: 5008

Beneficiary Account Name: Bishop’s University Foundation

Beneficiary Account Number: 6D3ANYA (6D3ANYB for US securities)

Contact Information:
David Jones
Phone: 514-937-9800
Fax: 514-937-1134
Email: david@shercap.com

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