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CLEAR BUTTON Charitable Donation of Securities in Kind Client Transfer Services, 77 Bloor Street West, 6th Floor, Toronto, Ontario M4Y 1T2 Please complete this form for use as Authorization to facilitate

How to fill out charitable donation of securities

How to fill out charitable donation of securities?

1. Obtain the necessary forms: Start by contacting the charitable organization you wish to donate to and inquire about their process for accepting donated securities. They will provide you with the required forms and any instructions needed to complete them.
2. Gather information: Before filling out the forms, make sure you have all the necessary information readily available. This may include details about the securities you wish to donate, such as the name of the stock or mutual fund, the number of shares, and the date of acquisition.
3. Determine the fair market value: To accurately report the value of your donation, you will need to determine the fair market value of the securities on the date of the donation. This information can usually be obtained from your brokerage firm or financial advisor.
4. Fill out the forms: Carefully complete all the necessary sections of the donation forms provided by the charitable organization. This typically includes your personal information, information about the securities being donated, and the estimated value of the donation.
5. Seek professional advice: If you are unsure about any aspect of filling out the forms or determining the value of your securities, it is advisable to seek advice from a tax professional or financial advisor. They can guide you through the process and ensure that you are fulfilling all the necessary requirements.
6. Submit the forms: Once you have filled out the forms accurately, make copies for your records and submit the originals to the charitable organization. Follow their instructions for submission, which usually involve mailing or delivering the forms to a specific department or individual.
7. Retain documentation: Keep copies of all relevant documentation, including the completed forms, any acknowledgments or receipts provided by the charitable organization, and any supporting documentation related to the fair market value of the donation. These documents will be important for tax purposes and should be retained for your records.

Who needs charitable donation of securities?

1. Individuals interested in supporting a charitable cause: Anyone who is passionate about a particular charitable organization or cause may choose to make a charitable donation of securities as a way of showing support and making a positive impact.
2. Investors with appreciated securities: Donating appreciated securities can be advantageous for individuals who own stocks, bonds, or mutual funds that have significantly increased in value since their purchase. By donating these securities instead of selling them, investors can potentially avoid or minimize capital gains taxes while still making a valuable contribution.
3. Donors seeking tax benefits: Charitable donations of securities can offer tax benefits, such as deductions for the fair market value of the donated securities. For individuals looking to reduce their taxable income or mitigate their tax liability, donating securities can be a strategic option to consider.
4. Non-profit organizations: Charitable organizations often rely on the support of donors to fund their programs and activities. Accepting donations of securities allows these organizations to diversify their funding sources and can provide additional resources to further their mission.

For pdfFiller’s FAQs

What is charitable donation of securities?

Charitable donation of securities refers to the act of donating stocks, bonds, or other investments to a charitable organization.

Who is required to file charitable donation of securities?

Individuals or entities who make charitable donations of securities are required to file.

How to fill out charitable donation of securities?

To fill out charitable donation of securities, one must provide details of the donated securities, including the type, quantity, and value.

What is the purpose of charitable donation of securities?

The purpose of charitable donation of securities is to support charitable organizations and receive tax benefits for the donation.

What information must be reported on charitable donation of securities?

Information such as the name of the charitable organization, date of donation, type and value of securities donated must be reported.

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