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Annual Giving
Gifts for Today: cash, cheque, credit card, pre-authorized chequing, on-line payroll deduction
Gifts-in-Kind: stocks, bonds, mutual funds
Real estate, art, equipment, books, manuscripts
GREAT NEWS FOR CANADIAN DONORS The 2006 federal budget made gifts of appreciated securities more appealing than ever. On May 2, 2006, Federal Finance Minister Jim Flaherty announced that the government will exempt donations of publicly listed securities to public charities from capital gains tax, effective immediately. Universities and other charitable institutions stand to gain from the elimination of the capital gains tax exemption for donations of publicly listed securities. This change in the tax policy will be of significant interest to a number of potential donors and will generate new opportunities for people to get involved with Saint Paul University's innovative teaching and research. An outright gift of securities allows donors to see their gift at work during their lifetime and to fulfill their philanthropic objectives, while at the same time benefiting from immediate tax advantages. If you give stocks, bonds and mutual funds to Saint Paul University, you will eliminate the capital gains tax on the increase in value. When you combine this with your charitable tax credit, the savings can be significant. In some cases, the charitable tax credit could exceed the cost of the original investment. For example: There are three ways a donor can make a transfer of securities to Saint Paul University:
Staff at the Alumni and Development Office will work with alumni and friends, along with their financial and legal advisors, to determine the best procedure for the individual and help guide him/her through the process. As with any gift, the donor may designate the use of the value of the securities or leave the the gift unrestricted. For information, contact Daniel G. Clapin, ACFRE, Director, Alumni and Development Office. In Memoriam and In Tribute: remember or honour a colleague, friend, or loved one. Matching Gifts: your company may match your donation
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For more information: dclapin@ustpaul.ca Last Updated: 2006-10-12 |
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