Gifts of Stock & Securities
Giving a Gift of Stock/Securities
Many donors support Wellspring Stratford Program Cancer Support Centre – they want to enhance the lives of the individuals affected by cancer and support Wellspring as their income and circumstances allow. Others want to make a significant donation to Wellspring and minimize taxes at the same time. A Gift of Stock/Securities helps you do both.
Benefits for You, and Wellspring Stratford
There are many benefits to giving a Gift of Stock/Securities* directly to Wellspring Stratford. First is the satisfaction of knowing your donation is enhancing the quality of life for individuals affected by cancer who are members of Wellspring.
Secondly, you benefit directly by not having to pay any capital gains tax on the appreciation of your stock. Depending on the size of your gift, the elimination of capital gains tax can save you thousands of dollars.
Thirdly, you will receive a tax receipt for the full value of the stock you donate. The charitable tax receipt will help lower your personal income taxes by increasing your income tax credits.
Any way you look at it, a gift of stock has tremendous benefits for you and for Wellspring.
*(Publicly listed securities may include: shares, bonds, bills, warrants, futures, units in mutual funds and employee stock option plans. All must be traded on a public securities exchange in Canada, United States and/or other major international exchanges).
Example:
In the following scenario, you could donate $25,000 at a cost of only $11,200.
Say you were to purchase $15,000 worth of stocks that then went up in value to $25,000. If you were to donate the $25,000 in stocks, not only would you receive a tax receipt in this amount, you would not have to pay the capital gains tax that you would otherwise owe ($2,300). Therefore, the fair market value of the stock ($25,000), minus the donation tax credit ($11,500 based on the top marginal tax rate of 46%) minus the capital gains tax exemption ($2,300) means that your donation of $25,000 would only cost you $11,200.
To make a stock transfer, please fill out the following form and fax it to Wellspring, or call Daniel Lockwood 519-438-7379 x224 for more information.
Stock Transfer Instruction
How to Give Your Gift of Stock/Securities
Following these four steps will help you quickly and easily donate your Gift of Stock/Securities to Wellspring Stratford.
2. Complete all sections of the transfer form, especially the CUSIP # (which is provided by your broker/investment advisor) and acts like a transaction number in case the transfer needs to be tracked by your broker. For privacy reasons, your broker cannot disclose your name to us, so please complete the Donor/Client Information, including your daytime phone number.
3. Fax or send the completed transfer form to your broker or investment advisor who will initiate, and be responsible for, the transfer. Sending the form by mail will delay the start of the transfer process, and may affect the ultimate receipt value. Please call Wellspring at 519.438.7379 ext. 224 if you are sending the transfer form by mail.
4. Please Notify Wellspring by returning a copy of the completed transfer form. This step is important because securities are transferred into our account on an anonymous basis. Notifying us will ensure you receive our thanks, any appropriate recognition, and your official receipt for income tax purposes.
Transfer forms can be faxed to Daniel Lockwood at:
1-877.811.2645
or send by mail to:
Daniel Lockwood
Director
Wellspring Stratford
Cancer Support Centre
382 Waterloo Street
London, ON N6B 2N8
Additional Information: Your receipt will be valued based on the closing price on the day when the shares are legally transferred to Wellspring’s account at our custodial agent, Scotia McLeod Direct Investing. (Note: Shares are considered legally transferred only when delivery is confirmed by Scotia McLeod Direct Investing.) Wellspring London and Region’s policy for the sale of donated securities is that all shares will be sold as soon as possible after they have been received.
Questions? Call Daniel Lockwood, Director, Wellspring Stratford at 519.438.7379 Ext. 224 or
email Daniel.