Gifts of publicly traded securities are an attractive option for donors. When you transfer to the Malvern Cemetery Company Inc. gifts of shares, bonds, bills, warrants, futures, or units of mutual funds listed on a prescribed public stock exchange, you will not pay income tax on any capital gain. Because you also qualify for a charitable tax receipt based on the asset’s fair market value, the net cost of a gift of securities may be less than a gift of an equivalent amount of cash.
The process of gifting securities is simple. At your direction, your broker will electronically transfer your
securities to the Cemetery Endowment Fund. The Cemetery can then either sell the investment or add it to the Endowment Fund Investments. Based on the market value on the date of the transfer, the Cemetery will issue you a charitable tax receipt for 100 percent of the market value of the investment received.
You may also wish to consider donating listed securities in your Will instead of making a cash bequest.
Because capital gains will not be taxed, your estate may realize considerable income tax savings that may increase the amount going to your beneficiaries.
Benefits of a Gift of Publicly Traded Securities
• You have the satisfaction of knowing your legacy gift will support the cemetery.
• The cemetery benefits from your gift now.
• You make a gift without depleting your current bank account.
• You receive a tax receipt for the full fair market value of your gift.
• You avoid capital gains on any gift of securities.
For further information, please contact Mr. Kevin Frost, President of Malvern Cemetery at [email protected]