Publicly traded securities, such as shares, bonds and investment fund units may be directly donated to Pillars Trust Fund at any time, and allow you to benefit from a charitable tax receipt. This donation can equate to a higher value tax receipt than if you sold the security and donated the money, due to the non-existence of a capital gain occurring.
Please consult your independent financial and legal advisor, or whomever you use to manage your securities portfolio to organize any transfers to a charitable organization.
Here is an example based on fake tax rates, illustrating the cost different between donating via a transfer of the security compared to a sale and subsequent donation to Pillars Trust Fund of the amount received from the security.
Pillars Trust Fund is a non-profit organization. Pillars Trust Fund cannot and is not providing any financial or legal advice. You must seek your own independent financial and legal advice. Pillars Trust Fund encourages you to speak with your family, notary, lawyer, financial advisor, accountant and any other person or professional to help you choose the appropriate planned giving option for your circumstances. If you do not have a financial advisor, your bank could help you find one. If you do not have a notary, you can find help locating one near you through the Chambre des notaires du Québec (www.cnq.org/en/) or calling 1-800-notaire. If Pillars Trust Fund can be of any other help or you would like to discuss this with us further, please contact us at firstname.lastname@example.org