Donate publicly traded securities
It’s easy for you or your broker to transfer shares directly from your brokerage account into L’Arche Comox Valley’s brokerage account.
We sell donated shares immediately after receiving them and send you a charitable tax receipt for the full market value on the day of the transfer. L’Arche Canada Foundation handles trades on our behalf and it is essential that you or your broker complete the Gift of Securities form and email or fax it to the L’Arche Canada Foundation as soon as possible.
Frequently asked questions
How long does this process take?
Once a gift of securities is transferred into our account, we sell the shares immediately. The process should take no more than two days. With the information from the completed Gift of Securities form that you or your broker has provided to us, we will contact you by phone or email to confirm the transaction. We will send your printed charitable tax receipt by mail.
What types of securities can I donate?
L’Arche Comox Valley accepts donations of stocks, bonds and all other publicly traded securities.
What are the tax benefits of donating securities?
When you sell shares that you own, you will pay tax on 50% of the capital gain. When you make a charitable donation of shares to L’Arche Comox Valley, the taxable capital gain is completely eliminated. You will also receive a charitable tax receipt for the full market value of the shares on the day of transfer to the L’Arche Canada Foundation.
Where can I find out more information about gifts of securities?
Learn more about donating securities and tax receipting. Visit Revenue Canada – Donation of shares.