Thank you, kind human, for considering this gift!
Advantages of Gifts of Securities
Not only will you be supporting a network of inspiring young leaders, gifting your securities also means reducing your capital gains taxes by 100%. When you sell publicly listed securities, you must pay capital gains tax on 50% of the increase in value since you bought them. But if you donate these same securities, you don't pay capital gains tax.
When you gift your securities, you receive a tax receipt for their full market value. This tax receipt can be applied to a maximum of 75% of your other taxable income. Donations in excess of the annual limit may be carried forward and used in any of the five subsequent years.
Things to consider when making a Gift of Securities:
- Highly appreciated securities provide the means to make a low-cost significant gift.
- Contact us first at email@example.com. We will provide you with the information you and your broker need to make giving securities easy.
- Jack.org will issue you a charitable tax receipt for the fair market value of the gift to be used for tax purposes.
- The fair market value will be the closing price of the securities on the date the securities are delivered or transferred to Jack.org’s representative.
This form should be completed and submitted to the donor’s broker. The donor is advised to contact Jack.org at firstname.lastname@example.org to confirm the instructions have been delivered.
Gift of Securities form