GIFTS OF SECURITIES
Did you know that by donating appreciated stocks, you avoid paying capital gains tax? And donating depreciated stocks will give you the opportunity to offset certain past and future capital gains.
You will also receive a tax receipt in the amount of the fair market value of the securities donated. Download our Securities Transfer form and be sure to send us a copy so that we can ensure that the transfer goes smoothly.
Note: Actual shares must be transferred to Minerva BC. If the shares are sold beforehand and only the proceeds are donated, the enhanced tax benefits do not apply.
RRSPS, RRIFS, TSFAS AND PENSIONS
Did you know RRSPs/RRIFs are among your most heavily taxed assets on transfer to your next generation? Registered assets can only be rolled over to a surviving spouse or dependent child but are taxed if they’re transferred to children or next of kin.
Donating your RRSP or RRIF funds to Minerva BC is a tax-smart and effective solution. By naming Minerva BC as a beneficiary of registered plans, you’ll retain ownership and use of the fund during your lifetime, receive a tax receipt for the value of the plan, avoid probate fees by removing these assets from your estate, and reduce your overall estate taxes. You can choose to donate all or a portion of your retirement funds, and still provide for your family by naming more than one beneficiary.
HOW TO GIVE
For instructions on transferring your appreciated securities to Minerva BC, please complete the step-by-step instructions using our Securities Gift Form and then give it to your broker to complete the transaction.
Minerva BC encourages our donors to consult with a financial advisor in order to explore the tax consequences of your charitable wishes. The information on this page is not intended as legal or financial advice.
Please contact us at firstname.lastname@example.org to discuss next steps.