Get the free Gifts of Securities Donation Form

Gifts of Securities Donation Form Please follow these steps to transfer your shares or mutual fund units to West Point Grey Academy Foundation: 1. Contact Rebecca Kernel, Director of Advancement rkerbel@wpga.ca

How to fill out gifts of securities donation

How to fill out gifts of securities donation

1. Step 1: Gather all the necessary information about the securities you wish to donate, such as the type of security, number of shares, and the current market value.
2. Step 2: Contact the charity or organization to which you want to make the gift and inquire about their procedure for accepting gifts of securities donation.
3. Step 3: Verify if the charity has a brokerage account to handle the transfer of securities. If not, you may need to provide instructions on how to transfer the securities from your brokerage account to the charity's account.
4. Step 4: Complete any required forms or documentation provided by the charity or your brokerage firm. This may include a Letter of Intent, Stock Power Form, or Transfer Instruction Letter.
5. Step 5: Notify your broker or financial institution about your intention to donate securities and provide them with the necessary instructions for the transfer, including the charity's account information.
6. Step 6: Coordinate with the charity to ensure the timely receipt and acknowledgment of the donated securities. Keep copies of all relevant documents for your records and for tax purposes.
7. Step 7: Consult with a tax professional to understand the potential tax benefits and reporting requirements associated with your gifts of securities donation.

Who needs gifts of securities donation?

1. Gifts of securities donation are typically needed by charitable organizations, non-profits, and foundations.
2. Individuals who are passionate about supporting a specific cause or charity can also make gifts of securities donation to contribute to their mission.
3. Donors who hold appreciated securities can benefit from making such donations as it allows them to avoid capital gains taxes while supporting a charitable cause.
4. Some institutions or high net worth individuals may prefer making gifts of securities as a part of their overall philanthropic strategy.

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What is gifts of securities donation?

A gifts of securities donation is when an individual donates securities, such as stocks or bonds, to a charitable organization.

Who is required to file gifts of securities donation?

Individuals who donate securities to charitable organizations are required to file gifts of securities donation.

How to fill out gifts of securities donation?

To fill out gifts of securities donation, individuals need to provide information about the securities donated, the value of the donation, and the recipient organization.

What is the purpose of gifts of securities donation?

The purpose of gifts of securities donation is to support charitable organizations and provide donors with tax benefits.

What information must be reported on gifts of securities donation?

Information such as the name of the donor, the type and amount of securities donated, the value of the securities, and the recipient organization must be reported on gifts of securities donation.