Tips for Holy Blossom Charitable Giving

Giving with Efficiency: Gifts of Publicly Traded Securities

Did you know that gifts of appreciated stocks are often the most efficient way for donors to have an impact while garnering major savings at tax time? “Many people have benefited from the strong stock market over the past eight years,” explains David Baskin, Holy Blossom Past President and President of Baskin Wealth Management. “Shares of companies like BCE and the major Canadian banks have all doubled in price. With that profit, however, comes the need to pay capital gains tax upon sale, and that can eat up more than one-quarter of the entire gain. By making a gift of securities the donor avoids that capital gains tax in full, and still gets a tax credit for the entire value of the gift.”

Click here to give a gift of publicly traded securities

The power of monthly payments

Many donors choose to set up payments in regular installments, to more easily create a predictable cash-flow schedule. Payments can be made quarterly, monthly or bi-weekly. Congregants who choose this payment method often remark on how small, regular payments can add up to very large cumulative amounts. “I never thought of myself as a $100,000.00 prospect,” says one donor, who did choose to set up monthly payments. “But I realized that paying monthly, over a number of years, allows me to have an impact I’d never imagined for myself and my family. I would recommend to others to think of a monthly gift that is manageable for their family over time – and then to set it up with the Development Office. This is a wonderful way to leave a legacy for our family.”

For more information, please contact Ellen Ostofsky, Development Associate at 416.789.3291 ext 261or at [email protected]
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