Taking stock during the giving season – gifts of publicly traded securities
As the giving season approaches, you may want to consider a pass-through gift of cash or securities to provide an immediate benefit to the organizations you care about. Or you could do both – give some for now and give some for the future through your endowment fund.
Making a gift of publicly-traded securities is an effective way to work philanthropy into your tax planning goals. Where publicly-traded securities are transferred directly to the Victoria Foundation, there is no tax payable on the capital gain. The tax receipt equals the fair market value of the securities on the date of the gift and the resulting tax credit offsets other taxes that may be payable. It is easy to do with our donation of securities form. If you are thinking about a gift of securities, please contact us before December 3, 2010 to ensure a 2010 tax receipt. Consulting your professional advisor with regard to your unique personal situation is always recommended.
Helping the community
Did you know that the Victoria Foundation can pass through a gift of securities to your favourite charity? Many smaller organizations do not have the capability to easily receive gifts of securities and on-line giving portals charge a fee for this service, which means the charity ends up receiving less money. We provide this as a complimentary service – 100% of your gift goes to the charity named.
Reminder about year-end giving – to receive a 2010 donation receipt
If you wish to make a gift of publicly-traded securities, please let us know by December 3, 2010. Donations by credit card may be made on-line via our website or phoned into the office at 250.381.5532 until noon on December 31, 2010. Donations by cheque must be dated December 31, 2010 and received by January 7, 2010. Our mailing address is #109 – 645 Fort Street, Victoria BC V8W 1G2. If you have any questions, please call or send us an email at info@victoriafoundation.bc.ca
CFC Blog
We’re pleased to have a featured blog post this month for the Community Foundations of Canada. Reverend Allan Saunders is the lead minister at First Metropolitan United Church. He says that their organization regularly utilizes Victoria’s Vital Signs®; it helps determine where there are challenges in the community that need to be met, and prioritizes opportunities for outreach.
The Philanthropic Question
As we move through life, our lifestyle and financial situation change. So do the ways we support the people, causes, and institutions that are important to us. Regardless of our life stage, many events will lead us to review our life’s priorities, goals and aspirations, and our finances and estate plan. Different events in our life often lead us to think about what's important. What do you want your legacy to be? Sara Neely, Director of Philanthropic Services, offers insight into this question in the Fall 2010 issue of The Scrivener
, a publication of the Society of Notaries Public of British Columbia.
Hosted Organizations Annual Meeting
The Foundation recently held its Hosted Organization Annual Meeting, an opportunity for us to provide our Hosted Organization Fund Holders information around our distribution policy for 2011, current Foundation initiatives and updates from our portfolio managers.Read the latest and get copies of the handouts in case you missed it!
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