A Big Impact for Students and Your Taxes
Many people look at their portfolio at this time of year to see if they are achieving their investment goals. For some donors to HLF, that means considering donating stocks and other securities to help students, all while taking advantage of tax benefits.
Making a gift of publicly traded securities to Halton Learning Foundation—or in the future in your Will — offers you the opportunity to support HDSB students in need, while having tax advantages for you.
Gifts of securities, including stocks, bonds, and mutual funds, may be the most cost-effective way of giving for you.
How does it work?
You can start by having a chat with your financial advisor. Then, they can simply transfer the securities to HLF. HLF will issue a donation receipt for the fair market value. By donating securities, the tax on the capital gains is eliminated.
Benefits of giving Stocks and Securities
You’ll receive a charitable tax receipt for the fully appreciated value of the donation and will not pay any capital gains tax. The charitable tax receipt will be for the fair market value of your donation based on the closing day of the transfer.
In addition, through your gift of securities, you can amplify your giving and make a lasting impact on the lives of students who need food, clothing, and other basics to help them focus on their learning.
You can also donate stocks through your will and receive tax savings for your estate, allowing more of your assets to go to your beneficiaries.
How to transfer Securities to Halton Learning Foundation
The starting point is to have a discussion with your financial advisor or broker.
They can use this form to transfer your securities HLF Gift of Securities Transfer Form
For more information:
Jim Martin
