Get the free GIFT OF SECURITIES - United Way of Calgary and Area - calgaryunitedway

GIFT OF SECURITIES1 TRANSFER FORM TRANSFER INSTRUCTIONS 1. Please complete both sides of this form2, ensure it has been signed and faxed to the attention of the Securities Coordinator at 4034101873

How to fill out gift of securities

How to fill out gift of securities:

1. Contact the organization: Begin by reaching out to the organization or charity to which you wish to donate the securities. They will provide you with the necessary forms and instructions to proceed.
2. Determine the type of securities: Identify the specific securities you wish to donate. These can include stocks, bonds, mutual funds, or other marketable securities.
3. Seek professional advice: It is recommended to consult with a financial advisor or tax professional before proceeding with the donation. They can guide you through the process and help you understand the tax implications associated with the gift.
4. Complete the necessary forms: Fill out the required forms provided by the organization. These forms typically require information such as your personal details, the type and value of the securities being donated, and any specific instructions regarding the donation.
5. Transfer the securities: Once you have completed the forms, you will need to transfer the securities to the designated account provided by the organization. This can usually be done through your brokerage or financial institution.
6. Obtain a receipt: After the transfer is complete, make sure to obtain a receipt or acknowledgment from the organization. This will serve as proof of your donation for tax purposes.

Who needs gift of securities:

1. Charitable organizations: Gift of securities is beneficial for charitable organizations as it provides them with additional financial resources to carry out their mission and support their programs.
2. Donors with appreciated securities: Individuals who own securities with significant appreciation can benefit from donating them as a gift. By doing so, they can avoid capital gains taxes that would be incurred if they were to sell the securities.
3. Tax-conscious individuals: Donating securities can be advantageous for individuals seeking to minimize their tax liability. Depending on the jurisdiction, donors may be eligible for tax deductions or other tax benefits associated with the gift of securities.

Overall, the gift of securities offers a win-win situation for both donors and charitable organizations, allowing individuals to support causes they care about while potentially enjoying tax advantages.

For pdfFiller’s FAQs

What is gift of securities?

Gift of securities refers to the act of donating stocks, bonds, or other investment securities to a charitable organization.

Who is required to file gift of securities?

Individuals or entities who donate securities above a certain value are required to file gift of securities.

How to fill out gift of securities?

Gift of securities can be filled out by providing information such as the donor's name, the name of the securities being donated, their value, and the recipient organization.

What is the purpose of gift of securities?

The purpose of gift of securities is to transfer ownership of investment securities to a charitable organization for the benefit of a cause.

What information must be reported on gift of securities?

The information that must be reported on gift of securities includes the donor's name, the type and value of securities donated, and details of the recipient organization.

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